From Political Allies to Economic Partners: Tanzania and Namibia Expand Cooperation — Tanzania and Namibia are seeking to convert decades of political solidarity forged during Africa’s liberation struggles into deeper economic cooperation, with the two countries’ leaders urging bus
Economic news, finance and development
Tanzania’s Parliament has approved a record TZS 62.33 trillion ($24 billion) budget, signaling a decisive commitment to infrastructure-led growth, domestic revenue mobilization, and long-term economic resilience through strategic investment and fiscal sustainability.
Tanzania's government says that sustained investment in public institutions and strategic infrastructure between 2021 and 2026 has significantly increased institutional revenues, expanded public assets, and accelerated national development.
A rare mineral found in central Tanzania is drawing increasing international attention from geologists and researchers, with experts saying it could also help develop the country's geotourism industry
Over the past 18 months, Tanzania's central bank has accumulated 28 tonnes of gold worth US$3.68 billion, using strategic reserve management to strengthen foreign exchange reserves, support the shilli
IFC’s landmark London-listed shilling bond opens an international funding channel for Tanzania while directing five-year local-currency finance toward NMB Bank’s growing MSME portfolio.
Who issued the bond, who receives the money and why does local-currency finance matter? This explainer separates the three steps.