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Tanzania News

World Bank Recommends Tax Reforms For Tanzania

by Lorys Charalambous,, Cyprus

Wednesday, July 8, 2015

Tanzania's economy is on a positive trajectory with a seven percent growth rate, yet the Government's revenue levels are too low to finance the country's ambitious public investment program, according to the latest Tanzania Economic Update published by the World Bank. Read Full Story


WTO Welcomes New Commitments To TFA

by Mike Godfrey,, Washington

Monday, June 15, 2015

The World Trade Organization announced on June 11, 2015, that 66 developing and least-developed country members have now submitted notifications to the WTO outlining which provisions of the new Trade Facilitation Agreement they intend to implement upon entry into force of the pact. Read Full Story


African Tripartite FTA Launched

by Lorys Charalambous,, Cyprus

Monday, June 15, 2015

On June 10 in Sharm El Sheikh, Egypt, the leaders of the Southern African Development Community, the Common Market for Eastern and Southern Africa, and the East African Community agreed to present the proposed tripartite free trade area for signature by their 26 member countries. Read Full Story


WTO Launches Consultations On Future Of Bali Decisions

by Mike Godfrey,, Washington

Friday, October 24, 2014

The World Trade Organization on October 22, 2014, launched consultations on the future of the Bali decisions, to agree a way forward on the Trade Facilitation Agreement. Read Full Story


EU Reaches Trade Deal With East African Community

by Ulrika Lomas,, Brussels

Wednesday, October 22, 2014

The European Union has said the conclusion of a new trade deal with the East African Community means that EAC countries no longer have to worry that their improving economic status will lead to the loss of full duty-free and quota-free access to the European market. Read Full Story


Kenyan Exporters To Suffer From Lack Of EU EPA

by Lorys Charalambous,, Cyprus

Monday, October 6, 2014

The inability of the East African Community member countries to conclude the proposed Economic Partnership Agreement with the European Union by October 1, 2014, has led to the withdrawal of free market access provided to Kenyan exports. Read Full Story


Good Progress Being Made On African Tripartite FTA

by Lorys Charalambous,, Cyprus

Wednesday, August 20, 2014

It was indicated, at the recent 34th Southern African Development Community Heads of States and Governments Summit, that negotiations for the tripartite free trade agreement, with the Common Market for Eastern and Southern Africa and the East African Community, are at an advanced stage. Read Full Story


Tanzania Reconsiders Gas Windfall Tax Proposal

by Lorys Charalambous,, Cyprus

Wednesday, April 16, 2014

Tanzania may choose not to introduce a windfall tax on production, which had been proposed as part of the National Natural Gas Policy, according to President Jakaya Kikwete. Read Full Story


EU, South Africa Discuss SADC EPA Timing

by Lorys Charalambous,, Cyprus

Tuesday, July 23, 2013

In a joint communiqué issued after their 6th Summit, which ended on July 18, the South African and European Union leaders said that they were convinced that the pending issues currently holding up completion of Europe's economic partnership agreement with the Southern African Development Community could be resolved. Read Full Story


East African Budgets Hike Taxes

by Lorys Charalambous,, Cyprus

Wednesday, June 19, 2013

The East African Community member nations, Kenya, Uganda, Tanzania and Rwanda, held their Budget Day on June 13 for the 2013/14 fiscal year, and all raised taxes to fund growing infrastructure and economic development expenditure. Read Full Story



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