Economy

Economy

IMF lifts 2025 global growth forecast on tariff distortion

IMF lifts 2025 global growth forecast on tariff distortion

Africa-Press - Tanzania. The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump’s sweeping tariffs sparked a bigger-than-expected surge in...
Low Rainfall and Cold Temperatures Threaten Cocoa Crops

Low Rainfall and Cold Temperatures Threaten Cocoa Crops

Africa-Press - Tanzania. Cocoa farmers in Ivory Coast say a cold spell and lack of rainfall could lead to crop damage and reduced expectations...
Russia bans gasoline exports until Aug. 31

Russia bans gasoline exports until Aug. 31

Africa-Press - Tanzania. Russia said Monday that it has temporarily banned gasoline exports until Aug. 31. "The decision was made to maintain a stable situation...
Afdb, ESAAMLG Launch 13Bn/- Anti-Money Laundering Project

Afdb, ESAAMLG Launch 13Bn/- Anti-Money Laundering Project

Africa-Press - Tanzania. THE African Development Bank (AfDB) and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) have signed a 5.2 million US...
TRA, NBAA to strengthen tax collection efforts

TRA, NBAA to strengthen tax collection efforts

Africa-Press - Tanzania. THE Tanzania Revenue Authority (TRA) has signed a Memorandum of Understanding (MoU) with the National Board of Accountants and Auditors (NBAA)...
SGR cargo rail is a game-changer for Tanzania’s economy

SGR cargo rail is a game-changer for Tanzania’s economy

Africa-Press - Tanzania. THE launch and expansion of Tanzania’s Standard Gauge Railway (SGR) cargo services marks a transformative step in the country’s economic trajectory....
Tanzania’s digital payments surge to Sh30 trillion

Tanzania’s digital payments surge to Sh30 trillion

Africa-Press - Tanzania. Tanzania’s transition to a digital economy marked a major milestone last year, with the Tanzania Instant Payment System (TIPS) processing nearly...
What To Expect From Monday’s OPEC+ Meeting

What To Expect From Monday’s OPEC+ Meeting

Africa-Press - Tanzania. OPEC+ looks set to stay the course at Monday’s Joint Ministerial Monitoring Committee meeting, with four anonymous delegates telling Reuters the...
Google commits $37 million to AI development In Africa

Google commits $37 million to AI development In Africa

Africa-Press - Tanzania. Google on Thursday unveiled a $37 million package to accelerate artificial intelligence development across Africa, pledging support for local AI research...
Tanzania Uganda Progress on EACOP Project Reaches 50 Percent

Tanzania Uganda Progress on EACOP Project Reaches 50 Percent

Africa-Press - Tanzania. A total of two pressure reduction stations are expected to be built along the route of the crude oil pipeline from...