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 ...
Tag: #LatestTanzaniaBusinessNews
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 ...
Foreign investor eyes reviving Tobacco business fortunes in Tanzania
A foreign tobacco buying firm operating under the business name of ‘Mkwawa Leaf Tobacco Limited’ has announced strategies that will ...
I&M Bank Tanzania, Mastercard partner to launch a suite of Premium World Debit Credit and Multicurrency Prepaid Cards
I&M Bank Tanzania has partnered with Mastercard, a technology leader in the global payment industry, to launch a suite of ...
Tanzanian shilling remained stable against major currencies in April, 2023
The Tanzanian shilling stayed stable against currencies of major trading partners in April 2023, consistent with low inflation rate and ...
Dar equity market slumps 81.2 pct on low investors’ appetite for stocks
Market activities on the Dar es Salaam Stock Exchange (DSE) declined by 81.23% during the trading session last week posting ...
Noble Helium to raise $13.5 million for upcoming North Rukwa Project drilling
Noble Helium Limited has received firm commitments from institutional and sophisticated investors including existing shareholders to raise $13.5 million (before ...
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