In October 2024, Tanzania’s external sector demonstrated notable resilience, driven by robust export growth and a substantial narrowing of the current account deficit. Key contributors include a rise in tourism...
In October 2024, Tanzania’s financial markets exhibited mixed dynamics across Treasury securities and the foreign exchange landscape, reflecting broader economic pressures and investor caution. Treasury bill yields rose to 10.85%...
Tanzania has witnessed remarkable growth in tax revenues from 1996/97 to 2023/24, with total revenue increasing significantly across all major tax categories. For instance, Pay As You Earn (P.A.Y.E.) surged...
The fiscal year 2023/24 marked significant growth in Tanzania's financial sector, with bank deposits increasing by 17.7% to TZS 35,544.2 billion, largely due to enhanced public confidence and innovative financial...
In the fiscal year 2023/24, Tanzania's tax revenue performance was notably strong, reaching TZS 27,138.4 billion, or 97.5% of the budgeted target, largely due to enhanced use of electronic fiscal...
"1996–2024: Tanzania’s Tax Revenue Surge Reflects Decades of Economic Growth and Improved Compliance" Over the past 27 years, Tanzania’s tax revenue has experienced significant growth, reflecting economic expansion and improvements...
The top five regions in Tanzania for high revenues from direct taxes, indirect taxes, and customs duties. Rank Region Direct Tax Revenue (TZS) Indirect Tax Revenue (TZS) Customs Revenue (TZS)...
Opportunities, Challenges, and the Road to 2030 Small and Medium Enterprises (SMEs) are the backbone of Tanzania’s economy, accounting for 35% of the Gross Domestic Product (GDP) and providing 50%...
Growth, Challenges, and Future Prospects Introduction The banking and finance sector in Tanzania has transformed significantly over the past two decades, with growth fueled by regulatory changes, digital innovations, and...
The mobile money sector in Tanzania has experienced strong and continuous growth, with total transactions rising by 9% from 285.5 million in June 2024 to 310.9 million in September 2024....
