Dar es Salaam, Tanzania – July 3, 2025 – In a powerful move signaling robust economic confidence, the Bank of Tanzania’s Monetary Policy Committee (MPC) today announced a significant reduction in the Central Bank Rate (CBR) by 25 basis points, bringing it down to 5.75 percent from 6.00 percent. This decision, effective for the July to September 2025 quarter,…
DAR ES SALAAM, TANZANIA – In a nation brimming with ambition and abundant natural resources, a new dawn is breaking over Tanzania’s energy landscape. A landmark Memorandum of Understanding (MOU) signed on July 2, 2025, between the Tanzania Petroleum Development Corporation (TPDC) and Energetech-Tantel isn’t just a business deal; it’s a profound commitment to reshape the country’s energy future,…
DAR ES SALAAM, TANZANIA – July 2, 2025 – A new chapter in Tanzania’s energy saga began today as the Tanzania Petroleum Development Corporation (TPDC) and Energetech-Tantel formally inked a groundbreaking Memorandum of Understanding (MOU). This pivotal alliance is poised to catapult Tanzania towards its destiny as a regional energy powerhouse and a thriving gas economy. The signing, a…
Dar es Salaam, Tanzania — July 1, 2025The Tanzania Association of Microfinance Institutions (TAMFI) is stepping into a defining role in transforming the country’s microfinance sector, following the Bank of Tanzania’s (BoT) launch of a far-reaching strategy to tackle predatory lending and improve consumer protection. Speaking yesterday in Dar es Salaam, BoT Governor Emanuel Tutuba announced that over 2,600…
Dar es Salaam, Tanzania —In a decisive move aimed at protecting low-income borrowers and fostering a more inclusive financial sector, the Bank of Tanzania (BoT) has unveiled a robust strategy to rein in harmful lending practices among the country’s microfinance institutions. Speaking today in Dar es Salaam, BoT Governor Emanuel Tutuba announced that all second-tier microfinance institutions—numbering over 2,600—are…
Dar es Salaam — In a bold move to strengthen financial security among Tanzanians, Equity Bank Tanzania has unveiled a new suite of insurance products during the 49th Dar es Salaam International Trade Fair (Sabasaba). The initiative responds to a fast-growing insurance market that still leaves millions unreached by practical, affordable coverage. Speaking at the exhibition, Joseph Makingi, Head…
By Anthony John For John Kajiba, a seasoned researcher with the Economic and Social Research Foundation (ESRF), the TangaYetu Initiative wasn’t merely about managing individual projects—it was fundamentally about coordinating a powerful, collective vision for profound change. Serving as a key technical support lead for TangaYetu’s Phase 1 projects, Kajiba worked tirelessly and meticulously to ensure that the initiative’s…
By Anthony John The TangaYetu initiative has fundamentally reshaped Tanga, an ancient coastal city, into a vibrant model of community-centered, youth-focused urban development. Spearheaded by Fondation Botnar and powerfully supported by dedicated local institutions and invaluable global expertise, TangaYetu represents a truly transformative journey toward sustainable urban growth, with youth empowerment resolutely at its core. This article delves into…
By Anthony John As the distinguished Chairman of the TangaYetu Steering Committee, Dr. Deodatus Mtasiwa played an absolutely pivotal role in expertly guiding and overseeing the comprehensive implementation of Phase One of the TangaYetu initiative. The program’s ambitious and overarching aim was to fundamentally transform Tanga City into a vibrant, youth-centered, and truly community-driven urban model, while simultaneously improving…
By Anthony John In the vibrant coastal city of Tanga, Elizabeth Swai, a visionary entrepreneur and Director of AKM Glitters, is leading a transformative movement, not through loud proclamations, but with deliberate and impactful action. The TangaYetu Youth Poultry Project, which she skillfully spearheaded during Phase 1 of the TangaYetu Initiative, is profoundly reshaping young lives and empowering a…