Category Archives: Tanzania News
THENERGY ANALYSIS: Solar-diesel and Wind-diesel Microgrids for Off-grid Mines Gain Momentum – New Projects Expected
DoubleTree by Hilton, Stone Town Zanzibar, Tanzania. Interview with Josour Magazine Monthly & Online
A team from the International Monetary Fund (IMF), led by Mauricio Villafuerte, visited Tanzania from April 3-13, 2017 and held discussions with the authorities on the sixth review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014.
Mikono Expo Group will Host the Dar Construction Trade Expo and the East Africa Smart Building Summit 2017 in Dar es Salaam,Tanzania!!
Report from UK-based Exotix Partners in collaboration with the Kenya-based Equity Investment Bank have it that Tanzania has a bright economic outlook – adding up to IMF economic forecast for Tanzania. The report highlights that the current anti-corruption and anti-tax evasion drive by the President, HE John Magufuli, might look disruptive in the short term but will do the country a greater favour in the long term. The report said “this reformist agenda has proved painful but should these policy actions be sustained they could act as a long-term positive catalyst for the efficiency of Tanzania’s public sector institutions.”
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.
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.
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.