Tanzania, through ALAF has launched a new color coating line in Dar es Salaam with a 75,000-ton annual capacity to strengthen local manufacturing, reduce steel imports, and increase exports to regional markets. On 3rd June 2025, Tanzania’s ALAF Limited launched a new industrial Color Coating Line (CCL) in Dar es Salaam to boost domestic steel […]
The World Bank has validated Tanzania’s economic momentum, projecting 5.4% growth in early 2025. The services sector, particularly tourism, has played a significant role, with international arrivals rebounding and foreign direct investment (FDI) reaching US $1.34 billion in 2023. Inflation has remained stable at around 3%, and tax revenues have surged by 18.4% in Q1 […]
Tanzania’s Finance Minister and Central Bank Governor have jointly announced a forecasted GDP growth of 6% in 2025, up from 5.4% in 2024. This optimism is driven by increased infrastructure investment, improved business environment, and rising domestic consumption. The government is prioritizing industrialization, digital transformation, and agriculture modernization to ensure economic sustainability.
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The Parliament of Tanzania has approved a TZS 20.19 trillion budget for the Ministry of Finance for FY 2025/26 to support its five key priorities. The budget includes TZS 19.43 trillion for recurrent expenditure and TZS 757.79 billion for development, alongside allocations for the National Audit Office. On 5th June 2025, the Parliament of Tanzania […]
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TanTrade signed a partnership with TanzaniaInvest.com to promote Tanzania’s trade and investment potential. TanzaniaInvest now showcases TanTrade and features an exclusive interview with its Director General, Latifa Khamis. TanTrade and TanzaniaInvest.com exchange information and materials and make them available on their respective platforms to enhance visibility and reach. The MoU was signed at TanTrade´s premises […]
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The Tanzanian government recorded a 40% increase in non-tax revenue, reaching TZS 884.7B from July 2024 to May 2025, driven mainly by dividends. It now targets TZS 1T by the financial year end, supported by stronger oversight, digital systems, and reforms across public institutions and minority-share companies. The amount rose to TZS 884.7 billion from […]
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