KENYA has lagged behind its peers in the East African Community in terms of economic growth for the last ten years, the World Bank says. In fact, according to the bank’s latest Kenya Economic Update, the country’s economic growth rate has not matched, even once, Africa’s growth rate in the the past decade, though the [...]
The Finance Ministry said it plans to raise as much as $700m through selling debt to selected investors and commercial bank loans to help tackle unreliable electricity supplies and poor infrastructure. Even though the interest rates will be higher than from development institutions, the private funding will be more predictable for the country, Deputy Finance [...]
Dodoma — THE National Bureau of Statistics (NBS) will soon release data on the literacy rate in Tanzania.The Minister for Education and Vocational Training, Dr Shukuru Kawambwa, told the National Assembly that the process of preparing the statistics was in the final stages and were expected out in the next few weeks. “The NBS will [...]
Bagamoyo — THE government is determined to support Productive Social Safety Net (PSSN) programme, which is aimed at integrating more additional number of poor households in the Tanzania Social Action Fund (TASAF III). Addressing a workshop on PSSN in Bagamoyo on Thursday, the Permanent Secretary (PS), President’s Office – State House, Mr Peter Ilomo, said [...]
Dodoma — THE government has assured farmers over timely delivery of farm inputs this year, thanks to change in budget circle. The Minister for Agriculture, Food Security and Cooperatives, Eng. Christopher Chiza, told the National Assembly yesterday that formerly the budget cycle delayed delivery of farm inputs. “In the past we used to pass the [...]
World Bank, Denmark support local authorities Details Published on Tuesday, 28 May 2013 02:10 Written by DAILY NEWS Reporter Hits: 410 The Minister of State, Prime Minister’s Office Regional Administration and Local Government (PMO-RALG), Ms Hawa Ghasia. GOOD news has come to residents of seven urban centres in the country with the announcement that the [...]
Bureaucracy and inefficiency at Dar es Salaam port cost Tanzania and neighbouring countries more than $2.6 billion (4.3 trillion shillings) annually, according to a World Bank report released Tuesday (May 21st). Bringing the port’s efficiency on par with nearby Mombasa port could save the government $1.8 billion (2.9 trillion shillings), said World Bank lead economist [...]
VARIOUS stakeholders have advised the government to introduce a national infrastructure fund to enable the private sector to complement the meagre public budget in developing key projects. Tanzania Shipping Agents Association (TASAA) Chairman Emmanuel Mallya, retired Investment Climate Facility (IFC) Chief Executive Officer, Omari Issa and Rex Attorney’s corporate lawyer, Dr Hawa Sinare, said much [...]
DAR ES SALAAM, May 21, 2013 – Tanzania and its East African neighbors could boost their annual Gross Domestic Product (GDP) by up to US$1.8 billion and US$ 830 million respectively by taking measures to improve the efficiency of the Port of Dar es Salaam, according to the latest Tanzania Economic Update published by the [...]
BUREAUCRACY and inefficiency at Dar es Salaam Port is costing the country and six landlocked countries some 2.6 billion US dollars (over 4.2tri/-), a World Bank report has established. Presenting the report titled “Tanzania Economic Update; Opening the Gates,” the Bank’s Lead Economist in Tanzania, Mr Jacques Morisset, said in Dar es Salaam that if [...]
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