Henry Lyimo

2 weeks ago | dailynews.co.tz | Henry Lyimo

DODOMA: TANZANIA’S economy showed strong momentum in 2024, with the Gross Domestic Product (GDP) growing by 5.5 per cent, up from 5.1 per cent in the previous year, Prime Minister Kassim Majaliwa told the National Assembly yesterday.

3 weeks ago | dailynews.co.tz | Henry Lyimo

PRECISION Air’s financial distress worsened in 2023, with the Tanzanian airline reporting a net loss of 57.4bn/-, a stark contrast to the previous year’s profit, according to filings. The losses, driven by a dramatic rise in administrative expenses and crippling foreign exchange losses have further worsened the company’s already fragile financial position.

1 month ago | dailynews.co.tz | Henry Lyimo

DAR ES SALAAM: TANZANIA’S economic landscape has undergone a notable shift since President Samia Suluhu Hassan assumed office on March 19, 2021. Navigating the turbulent waters of a post-pandemic world and grappling with the ripple effects of global conflicts, the nation has demonstrated remarkable resilience, extending its two-decade macroeconomic success story. Economic growth has maintained a positive trajectory.

1 month ago | dailynews.co.tz | Henry Lyimo

IN a world where Foreign Direct Investment (FDI) flows have largely been on the decline, Tanzania has emerged as a notable exception, with inflows steadily increasing over the past few years. This rise in investment is being hailed as a direct result of President Samia Suluhu Hassan’s bold and pro-business policies, which have fostered a more conducive environment for international investors.

1 month ago | dailynews.co.tz | Henry Lyimo

DAR ES SALAA: THE government plans to incentivise digital payment usage with potential fiscal measures such as tax benefits as part of a broader strategy to expedite the transition to cash-lite economy, Finance Minister, Mwigulu Nchemba has said.