Category Archives: Tanzania News
The United Republic of Tanzania (Tanzania) has recorded an annual average growth rate of more than 6% over the past decade and is on course to maintain a robust growth rate of over 6.5% going forward. Despite global economic and financial uncertainties, the economy has been able to achieve these consistent growth rates coupled with a low inflation rate, driven by activity in sectors such as mining, energy, construction and manufacturing.
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World Remit, has announced a 150 per cent Year on Year growth in 2016 and 10,000 unique transactions performed in December last year. The digital money transfer, World Remit, has grounded its presence in Tanzania and providing money transfer services and the growing demand for instant remittances of over 4 million expatriates living outside the country. The services provided by World Remit allows customers to transfer money from abroad directly to Mobile Money services in Tanzania. The Mobile Money platforms such as Tigo Pesa, Vodacom M-Pesa and Zantel Ezy Pesa Mobile Money accounts makes it easy and convenient for residents in Tanzania to access money from clients, family, and friends in abroad. People in more than 50 countries can send instant, secure transfers to more than 140 destinations through the platform. World Remit According to the announcement, the biggest senders to Tanzania include migrants currently living in the UK, Sweden, Australia, Norway and Canada, among others.
In an ongoing pursuit of delivering paramount medical services and health care facilities to the African nations, India (New Delhi) based BLK Super Speciality Hospital has announced signing of a Memorandum of Understanding (MoU) with Muhimbili Orthopaedic Institute (MOI), which is one of the largest orthopaedic hospital in Tanzania. The pact would help promote cooperation and mutual understanding between the two countries.
Otavio Veras, Researcher of the NTU-SBF Centre for African Studies
The UK will sharpen its focus on economic development in the world’s poorest countries to help create the economic growth that will sustain rapidly growing populations, provide a long term solution to poverty and deal with the root causes of problems that affect Britain and Tanzania, International Development Secretary Priti Patel announced on January 31st, 2017.
No one talks of safari without mentioning the great treks that crisscross the African continent. So popular is this cradle of mankind for its magic-ridden sunsets and vast plains teeming with wildlife, that many seem to awe away at the bush ideal, totally ignoring that the continent also takes pride in mothering some of the world’s most blissful and unpolluted islands. This year, maybe it’s time to spice up your travelogues by exploring at least one of these exotic and scenic African islands.
“The event promises to be a game changer for the agri sector in Tanzania”
Under the Policy Support Instrument which is designed for countries that do not need balance of payments financial support, IMF Executive Board Completes the Fifth Review of Tanzania’s economic performance under the program supported by a three-year PSI. The review indicates a great economic performance of the Tanzania economy during the first half of 2016 and is projected to remain at about 7 percent this fiscal year.