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Tanzania News Journal

Tanzania: Optimism Surrounds Voters' Registration in Isles

[Daily News]Zanzibar -POLITICIANS in the islands say transparency and developing a credible voter register is one sure way of enhancing the integrity of all future elections.

Tanzania: Health Ministry Plans Traditional Medicine Plant

[Daily News]THE Ministry of Health and Social Welfare is planning to build a traditional medicine manufacturing plant and buy machines worth 800m/- to cater for over 60 per cent of the population that relies on traditional medicine.

Petrobras sells 12 pct stake in Tanzania bloc to Statoil

SAO PAULO (Reuters) - State-run Petróleo Brasileiro SA, which is undertaking a major drive to sell assets outside Brazil, sold a 12 percent stake in a Tanzania bloc to a unit of Statoil AS, according to a securities filing on Friday. The Brazilian company, commonly known as Petrobras, sold the stake in Bloc 6, located off Tanzania in the Indian Ocean in water depths of about 1,800 meters. ...

JP Morgan "likely" to add Tanzania to emerging markets bond index

JOHANNESBURG (Reuters) - Tanzania's debut $600 million international bond is likely to be added to JP Morgan's emerging markets index at the end of May, the bank said on Thursday. The east African nation issued the 7-year bond through a private placement in March, although it has also announced plans to issue a Eurobond. "We will likely add Tanzania Republic FRN due 20 to the EMBI Global ...

Tanzania Makes $206 Million Atomic Tax Claim

Tanzania is demanding almost $206 million in taxes from Russian state uranium company ARMZ, which has won a license to build the East African country's first uranium mine, the energy minister said on Thursday.

Tanzania Makes $206 Million Atomic Tax Claim

Tanzania is demanding almost $206 million in taxes from Russian state uranium company ARMZ, which has won a license to build the East African country's first uranium mine, the energy minister said on Thursday.

Tanzania says Russia's ARMZ owes $206 mln in taxes

DODOMA (Reuters) - Tanzania is demanding almost $206 million in taxes from Russian state uranium company ARMZ which has won a licence to build the east African country's first uranium mine, the energy minister said on Thursday. Russia's JSC Atomredmetzoloto (ARMZ) is the mining arm of Russia's nuclear regulator, Rosatom, which also builds nuclear reactors. Tanzania's tax claim relates to the ...

Tanzania drafts terms to tame the gas boom

By Fumbuka Ng'wanakilala DODOMA (Reuters) - Tanzania has drafted policies aimed at channelling the benefits of a gas boom to its own people, in the face of a fatal riot over plans for a new pipeline. The draft policy paper seen by Reuters proposes gas companies list on the local stock exchange, creating a gas revenue fund and a national oil and gas company, and locating plants onshore to liquefy ...

Tanzania Cotton Output May Drop 30% as Prices Discourage Growers

Cotton output in Tanzania, Africa’s fourth-biggest producer of the fiber, may drop 30 percent this year after lower prices discouraged growers and pesticide distribution was curbed, the Tanzania Cotton Board said.

Tanzanian gas pipeline plan sparks riot -government officials

Residents of a gas-rich region of Tanzania rioted on Wednesday to protest that they would not benefit from a government budget proposal to construct a pipeline from their territory to the capital, senior ...

Tanzania: MPs Tout Greater Press Freedom

[Daily News]Dodoma -SEVERAL MPs have defended Tanzania's record on press freedom, saying it was not true that the concept has fallen apart in the country.

East Africa: Tanzania Could Boost Its Economy By Reforming the Port of Dar es Salaam - World Bank

[World Bank]DAR ES SALAAM, May 21, 2013 -Tanzania and its East African neighbors could boost their annual Gross Domestic Product (GDP) by up to US$1.8 billion and US$ 830 million respectively by taking measures to improve the efficiency of the Port of Dar es Salaam, according to the latest Tanzania Economic Update published by the World Bank.

Tanzania growth to average 7 pct over 2013-2015: World Bank

By Fumbuka Ng'wanakilala DAR ES SALAAM (Reuters) - Tanzania's economy is expected to expand at a slightly faster pace over the next two years after growing 6.9 percent in 2012, the World Bank said on Tuesday. It said it expected inflation in east Africa's second largest economy to average 5-7 percent during the same period. "Tanzania's economy is expected to grow at an average of 7 percent in ...

Tanzania: The Emergence of Domestic Militancy

[ThinkAfricaPress]Domestic militants in Tanzania currently lack the capability to inflict major damage, but the risk of attacks is likely to increase in coming months.

Obama to visit Senegal, South Africa, Tanzania

President Barack Obama and first lady Michelle Obama will visit Senegal, South Africa, and Tanzania June 26-July 3, the White House announced Monday. The Obama spent one emotionally charged day in Ghana in July 2009 -- his only other visit to sub-Saharan Africa since taking office. "The president will reinforce the importance that the United [...]