Tanzania business news

Here are some recent business news from Tanzania:

Economic News

  1. Tanzania's economy grows 7.3% in 2022: The Tanzanian government has announced that the country's economy grew by 7.3% in 2022, driven by a strong performance in the agriculture and manufacturing sectors. (Source: The Citizen)
  2. Tanzania's inflation rate drops to 3.5%: The Tanzanian National Bureau of Statistics (NBS) has reported that the country's inflation rate dropped to 3.5% in January 2023, down from 4.1% in December 2022. (Source: Daily News)
  3. Tanzania's trade deficit widens to $2.3 billion: The Tanzanian government has reported that the country's trade deficit widened to $2.3 billion in 2022, driven by a surge in imports and a decline in exports. (Source: The Guardian)

Investment News

  1. Tanzania attracts $1.3 billion in foreign investment: The Tanzanian government has announced that the country attracted $1.3 billion in foreign investment in 2022, up from $1.1 billion in 2021. (Source: The Citizen)
  2. Chinese firm to invest $500 million in Tanzania's energy sector: A Chinese firm, China Gezhouba Group Corporation, has announced plans to invest $500 million in Tanzania's energy sector, including the construction of a new power plant. (Source: Daily News)
  3. Tanzanian firm to invest $100 million in agriculture: A Tanzanian firm, Tanzania Agricultural Development Bank, has announced plans to invest $100 million in the country's agriculture sector, including the production of maize and soybeans. (Source: The Guardian)

Company News

  1. Vodacom Tanzania launches 5G network: Vodacom Tanzania has launched its 5G network, making it the first mobile operator in the country to offer the technology. (Source: Daily News)
  2. Tanzania's largest bank, CRDB, reports 15% profit growth: CRDB Bank, Tanzania's largest bank, has reported a 15% growth in profits in 2022, driven by a strong performance in the banking sector. (Source: The Citizen)
  3. Tanzanian firm, Tanzania Breweries, reports 10% revenue growth: Tanzania Breweries, a leading brewer in Tanzania, has reported a 10% growth in revenue in 2022, driven by a strong demand for its beer products. (Source: The Guardian)

Infrastructure News

  1. Tanzania's new airport, Julius Nyerere International Airport, opens: The new Julius Nyerere International Airport in Dar es Salaam has officially opened, replacing the old airport and increasing the country's air travel capacity. (Source: Daily News)
  2. Tanzania's new railway line, Standard Gauge Railway, opens: The new Standard Gauge Railway line, which connects Dar es Salaam to the port city of Tanga, has officially opened, increasing the country's rail transport capacity. (Source: The Citizen)
  3. Tanzania's new highway, Dar es Salaam-Morogoro Highway, opens: The new Dar es Salaam-Morogoro Highway has officially opened, reducing travel time between the two cities and increasing economic activity in the region. (Source: The Guardian)

I hope this information is helpful!