Thousands of rural residents will have their electricity connection fees covered under a new financing scheme involving Tanzania Electric Supply Company (Tanesco) and CRDB Bank, as the government seeks to make electricity more accessible to households and businesses. Under the programme, rural and village residents who cannot afford the connection fee will have the Sh27,000 cost paid by CRDB Bank without having to repay the money. Urban residents will instead access loans of up to Sh320,000 from CRDB to cover the cost of connecting their homes to electricity, which they will repay gradually. The programme, launched yesterday, Friday, October 2,...

Tanzania is seeking to turn its trade relationship with Italy into deeper investment partnerships, with the government calling on Italian companies to establish production and processing operations in the country and use it as a base for accessing African and global markets. Trade between Tanzania and Italy reached about €235 million in 2024, according to Deputy Minister in the President’s Office–Planning and Investment Dr Pius Stephen Chaya, who said the existing relationship provided a basis for expanding cooperation in investment, technology and value addition. Speaking on Thursday, October 1, during the Tanzania–Europe Investment and Business Forum Roadshow in Cesena, Italy,...

Despite the rapid expansion of financial services in Tanzania, two out of every three Tanzanians still face difficulties managing their day-to-day expenses, highlighting a gap between access to financial services and the ability to use them effectively.

The government has called for increased research into invasive weeds and livestock diseases threatening grazing lands, animal productivity and the incomes of pastoralists.

Tanzania needs to focus on creating more productive businesses and improving the quality of employment rather than concentrating only on the number of people entering the labour market, experts have said. They argue that although millions of Tanzanians are engaged in economic activities, most work in the informal sector, where earnings, job security and access to social protection remain limited. The argument emerged during the launch of the World Bank's Tanzania Economic Update report 2026, Making Jobs Work, on Friday, October 2, 2026, where business leaders and development experts called for stronger private investment, improved access to finance and better...

Speaker of the National Assembly Mussa Zungu has urged Tanzanians to use the 153rd Assembly of the Inter-Parliamentary Union (IPU) to forge business, investment and professional networks with delegates from around the world. Mr Zungu made the call on Friday, October 2, 2026, while inspecting preparations for the assembly, which is scheduled to take place in Arusha from Monday, October 5. He said the arrival of hundreds of international delegates, including businesspeople, policymakers and professionals, presented an opportunity for local businesses to showcase Tanzanian products, explore new markets and establish partnerships that could extend beyond the meeting. “Many of those...

The Government has urged local companies to pool capital, technology and expertise to position themselves for growing opportunities in the mining sector as 14 major projects move towards development.

The Zanzibar Revenue Authority (ZRA) has exceeded its revenue collection target for the first quarter of the 2026/27 financial year, attributing the performance to improved economic activity and increased use of electronic systems. In a statement issued to the public on Friday, October 2, 2026, ZRA Head of Information, Public Relations and Customer Services Makame Khamis Moh'd said the collections included both tax and non-tax revenue generated between July and September. Mr Makame said ZRA had been expected to collect Sh351.106 billion during the three-month period but collected Sh353.310 billion by September 30, representing 100.63 percent of the target. Compared...

The Workers Compensation Fund (WCF) and Tanzania Railways Corporation (TRC) have signed a memorandum of understanding (MoU) for a more than Sh65 billion investment to build a 91-room four-star hotel and conference centre in Morogoro.

Tanzanian households are facing renewed pressure on their budgets as inflation rose to its highest level since April 2023, driven in part by sharp increases in transport, energy and selected food and household costs.