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Tanzania
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for the 19 Jan - 25 Jan
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Zanzibar’s port upgrade programme is emerging as a key driver of trade efficiency and tourism growth, backed by investments estimated at about $400 million. The multi-site expansion strategy covers major ports and a new dry port, aiming to reduce congestion and improve resilience. Authorities are also leveraging private sector participation to boost efficiency. If delivered on schedule, the upgrades could lower business costs, improve visitor experience, and strengthen Zanzibar’s role in Indian Ocean trade.
Tanzania inaugurated the 9.7 billion shilling Mtera power substation to strengthen the electricity supply in Dodoma and Iringa regions. The upgraded 2×10 MVA, 220/33 kV facility improves voltage stability and adds 18 megawatts to the national grid. The project benefits Kongwa, Mpwapwa, Kilolo, and Isimani areas, supporting healthcare, education, water services, and economic activity. The government funded the project with support from Sweden and Norway to advance rural electrification and grid reliability.
Airtel Tanzania launched a nationwide fuel rewards campaign at 62 fuel stations to promote cashless payments via Airtel Money. Customers who buy fuel worth at least Sh10,000 and pay via Airtel Lipa Namba enter weekly draws to win 10 liters of free fuel through March. The campaign aims to boost digital payments, improve transaction efficiency, and support Tanzania’s shift toward a digital economy.
Tanzania launched a 60-day national campaign to promote domestic investment and increase Tanzanian ownership of projects. Planning and Investment Minister Kitila Mkumbo said the initiative educates citizens on investment opportunities and encourages productive land use. The campaign aligns with Vision 2050 priorities. The Tanzania Investment and Special Economic Zones Authority targets 1,500 projects, with activities set to run nationwide across the mainland and islands.
Tanzania invited Indonesian investors to expand investment in agriculture, agro-processing, tourism, mining, and energy as part of efforts to deepen bilateral economic cooperation. Finance Minister Khamis Mussa Omary said Indonesia’s capital and technical expertise could support Tanzania’s development goals and diversification strategy. Discussions with Indonesia’s ambassador highlighted opportunities in tourism sites such as Zanzibar and the Serengeti, alongside mining, renewable energy, and manufacturing.
Tanzania’s Mining Commission released updated indicative prices for gold and silver to guide formal mineral trading and align domestic prices with global markets. The commission set gold at USD 4,627.95 per troy ounce globally, with a local market price of TZS 330,818.04 per gram, while silver stands at USD 85.94 per ounce and TZS 6,143.22 per gram locally. Officials said the prices promote transparency and orderly trading.