Zanzibar’s import bill hits $584 million in April on capital goods imports
Zanzibar’s import bill increased to $584 million in April 2023, from $438.3 million recorded during the corresponding period last year ...
Tag: #LatestBusinessNews
Dar stock market turnover up 167.9 pct to 2.46bn/- on pre-arranged transactions
Market activities at the Dar es Salaam Stock Exchange (DSE) observed a substantial surge in turnover during the trading session ...
Tanzanian agritech NovFeed plans to increase capacity after winning a $1 million prize
Last month, Tanzanian biotech startup NovFeed won the Milken-Motsepe prize in agritech’s $1 million grant. NovFeed’s product offering involves the ...
Kenya, TZ resolve Namanga maize row
Kenya and Tanzania have resolved the latest trade row over maize, allowing entry of trucks held up at the Namanga ...
AfDB, Tanzania launch $54 million initiative to drive job creation for youth in Zanzibar’s blue economy
The African Development Bank (AfDB) Group and the Republic of Tanzania have launched the Skills Development for Youth Employability in ...
Zanzibar’s current account deficit widens to $353.8 million in April on increase on import bill
Zanzibar’s current account registered a deficit of $353.8 million during April,2023 as compared with a deficit of $258.8 million recorded ...
Tanzania’s inflation eases again to 4 pct in May, 2023
Tanzania’s annual Headline Inflation Rate fell to 4.0 percent in May from 4.3 percent recorded for the month of April, ...
Dar tops EAC states in new economic freedom index for 2023
Tanzania has emerged the most economically free country among East African Community (EAC) states according to the ‘State of Economic ...
TBL revenue up 6 pct in Q1, 2023, operating profit falls on increased distribution costs
Tanzania Breweries Limited (TBL) revenue increased by 6% with significant growth in beer driven by strong performance in the core ...
Tanzania exports surge to $12.4 billion in April driven by non-traditional goods exports
The value of exports of goods and services in Tanzania surged to $12.44 billion in April 2023, up from $10.60 ...
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