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Tanzania’s mineral recovery value grew by 24.3 percent to $1 billion, with gold leading this increase. Stakeholders urge for further actions, such as new project acceleration and support for small-scale …
Tanzania’s Mineral Recovery Value Increases with Gold Leading Growth Read More
Charcoal sales in Tanzania rose to Sh5.73 billion, doubling from last year, despite a push for clean energy. The BoT report, noting a seasonal decline, emphasizes the need for awareness …
Tanzania Experiences Surge in Charcoal Sales Amid Clean Energy Initiatives Read More
Tanzania has achieved over Sh1.52 trillion in cashew exports for the 2024/25 season, producing 528,260 tonnes of raw cashew nuts. This represents a significant rise from previous years and breaks …
Tanzania Achieves Record Sh1.52 Trillion in Cashew Exports Read More
The Tanzanian shilling, after a brief rally in December 2024, is depreciating against the US dollar due to increased import demands and reduced exports. Economic pressures, including rising fuel imports …
Factors Behind the Depreciation of the Tanzanian Shilling Against the US Dollar Read More
The Tanzanian shilling has depreciated from a strong position against the US dollar in late 2024, influenced by rising import demands and disruptions in agriculture and mining. Analysts suggest that …
Factors Behind the Depreciation of the Tanzanian Shilling Against the US Dollar Read More
The Bank of Tanzania aims to close a 24 percent financial inclusion gap by leveraging digital innovation, agent banking, and improving financial literacy. Recent advancements in digital services and payment …
Bridging the Financial Inclusion Gap: The Bank of Tanzania’s Strategy Read More
The Bank of Tanzania has distanced itself from the fraud involving Leo Beneath London, a Ponzi scheme disguised as a film promotion agency. Seventeen people have been arrested in connection …
Bank of Tanzania Addresses Online Lending Fraud and Strengthens Regulations Read More
Tanzania is set to ban foreign currency for all local payments, mandating the exclusive use of the Tanzanian Shilling in transactions. The Bank of Tanzania, in partnership with the Ministry …
Tanzania to Ban Foreign Currency for Local Transactions Beginning July 1 Read More
Tanzania has eliminated fees on card payments to boost digital transactions, contrasting sharply with Zimbabwe, where a 2% tax on electronic payments hinders adoption. While Tanzania’s digital payment usage is …
Tanzania’s Digital Payment Promotion vs. Zimbabwe’s Tax Hindrance Read More
The Tanzanian shilling has depreciated against the Ugandan and Kenyan currencies despite increased exports, driven by a preference for US dollar transactions, which foster higher dollar demand. This trend has …
Analysis of the Tanzanian Shilling’s Recent Decline Against Regional Currencies Read More