Henry Lyimo

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

DAR ES SALAAM: TIB Development Bank reported a surge in quarterly profit driven by robust gains in foreign currency trading, masking which offset growing concerns about the performance of its core lending business. The bank’s after-tax profit reached Tshs 14.28 billion, a sharp increase from Tshs 8.22 billion in the similar quarter last year. The growth was largely fueled by a spike in non-interest income, particularly from currency transactions.

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

ZANZIBAR: AS Tanzania commemorates the 61st anniversary of its Union this year, Zanzibar is marking its own significant strides in the tourism sector, with the latest data revealing a robust recovery and growth that surpasses prepandemic levels.

1 month 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.

1 month 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.