Tanzania Secures $195 Million Budget Support from European Union
President Samia Suluhu said the grants would accelerate the implementation of development programs in the country.
Tanzania
Tanzanian central bank calls for the de-dollarization of local market
The government banned the use of USD in August 2007 and again in December 2017.
Bank of Tanzania admits to dollar shortages but claims it's not a crisis
Foreign exchange reserves had decreased to $4.9 billion by May 2023 from $5.5 billion in May 2022.
World Mobile successfully completes telecom field tests in three African countries
The system used new technology different from the one deployed in Zanzibar, where it was originally launched.
World Mobile launches commercial network in East Africa
The new feature allows Zanzibaris to enjoy mobile data that is 50% cheaper than the national average.
IMF disburses $153M to Tanzania for budgetary support
This comes after the international lender says it has concluded the first review of an extended credit facility request by the East African country.
Inflation in Africa: Latest data shows worsening figures across the board
Figures show 50% of countries with available data experienced an increase in consumer prices in March.