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The National Planning Commission (NPC) convened over 100 experts in Arusha to discuss the Fourth Five-Year Development Plan (FYDP IV) and strategies to achieve Vision 2050. Participants identified national priorities, defined research agendas, and outlined funding needs for implementation. Dr. Blandina Kilama highlighted the plan’s role in guiding Tanzania toward a one trillion-dollar economy by 2050. Execution of FYDP IV is scheduled to begin in July 2026.
Business leaders urged East African Community (EAC) Secretary General Veronica Nduva to remove barriers to regional trade and strengthen economic integration. They emphasized that political support is vital for overcoming challenges, calling for faster tax harmonization, streamlined customs procedures, and the removal of restrictions on cross-border commerce. Leaders said these measures would enhance trade efficiency, boost investment, and create a more competitive, unified East African market.
Cargo and passenger ship MV Mwanza completed trial voyages between Mwanza Port and Bukoba, Uganda. It carries 1,200 passengers, 400 tons of cargo, 20 small vehicles, and three lorries. Built for 126 billion shillings, the vessel will operate on Lake Victoria, connecting Mwanza, Bukoba, and Uganda, and boosting regional trade as a faster alternative to road transport.
Air Tanzania launched direct flights between Dar es Salaam and Lagos, improving connectivity with Nigeria. The government pledged to revise visa procedures to ease travel for Nigerian passengers. The route aims to boost tourism, trade, and cultural exchange, particularly to Zanzibar. Air Tanzania will expand cargo operations to enhance bilateral trade. Flights will operate three times weekly.
Horticultural exporters secured $1.6 million (Sh4 billion) in new contracts at Asia Fruits Logistica 2025. The Tanzania Horticultural Association (TaHa) facilitated the deals, with members negotiating directly with buyers from Asia and the Middle East. The agreements expand Tanzania’s footprint in the global produce market and reinforce the country’s position in the horticultural sector.
Saudi Arabia and Tanzania expanded cooperation across health, trade, investment, and culture. Ambassador Yahya Ahmed Okeish highlighted initiatives including medical missions, humanitarian aid, and support for local health infrastructure. Bilateral trade exceeded $1.4 billion in 2023, with Saudi investment in energy, food security, and infrastructure.
Authorities raised the insured deposit limit to Tsh7.5 million ($3,027.54) to strengthen confidence in the banking sector. The policy now covers trust account beneficiaries, ensuring higher payouts if banks fail. The previous limit of Tsh1.5 million is replaced, enhancing depositor security and expanding protection under the Deposit Insurance Board.
Airtel Tanzania partnered with UNICEF and the Ministry of Education to launch the SmartWasomi digital learning initiative in Zanzibar. The program improves digital literacy, removes data barriers, and trains teachers to support the region’s shift to a knowledge-based economy. By providing free access to educational content, it benefits students and teachers, bridging education gaps and promoting economic growth. Airtel plans to connect over 1,000 schools by 2025.
NBC Bank held an educational session in Dar es Salaam for Tanzanian and South African businesses on foreign currency markets and the country’s economic outlook. Juliana Mwapachu of NBC stressed understanding market dynamics to prevent financial losses. Participants received guidance on optimizing currency exchange and analyzed the US Dollar’s depreciation and its effects on trade, aiming to strengthen cross-border business strategies.
