Timely News TZ

The Monetary Policy Committee (MPC) of the Bank of Tanzania (BoT) has decided to maintain the Central Bank Rate (CBR) at 5.75 percent for the second quarter of 2026. This was announced today, April 2, 2026, at the BoT sub-headquarters in Dar es Salaam by the Deputy Governor in charge of Economic and Financial Policies, Dr. Yamungu Kayandabila, on behalf of the MPC Chairperson, who is also the BoT Governor, Mr. Emmanuel Tutuba. Dr. Kayandabila informed stakeholders in the financial sector and members of the media that the decision was reached during the MPC meeting held on April 1, 2026, which assessed the performance of the economy. He stated that the decision aims to support economic growth while keeping inflation within the target range of 3–5 percent, with bank lending rates expected to remain affordable in the country.

Cooperation between the Tanzania Revenue Authority (TRA) and taxpayers has been credited for enabling the authority to set a new record by collecting TZS 9.31 trillion in the third quarter of the 2025/26 financial year, equivalent to 106.4 percent of its target of TZS 8.75 trillion. According to a statement issued by the TRA Commissioner General, Mr. Yusuph Juma Mwenda, on April 1, 2026, the authority collected TZS 3.58 trillion in March alone, representing 107.6 percent of the monthly target of TZS 3.32 trillion. The statement further noted that the third-quarter collections reflect a growth of 23.6 percent compared to TZS 7.53 trillion collected during the same period in the 2024/25 financial year. It added that the strong performance in March has enabled TRA to set new records in domestic revenue collection. The average monthly collection between January and March 2025/26 reached TZS 3.10 trillion, the highest ever, compared to an average of TZS 2.51 trillion during the same period ...

 

By Our Reporter, Mwanza Content creators in Tanzania have been encouraged to leverage their creativity to generate income by tapping into opportunities arising from clean cooking energy, through educating the public via their work, including educational videos, comedy, storytelling, and various campaigns that can easily reach communities. The call was made on April 1, 2026, in Mwanza by Energy Engineer from the Ministry of Energy, Benezeth Kabunduguru, while speaking during a training session for content creators. The training was organized by the Ministry of Information, Culture, Arts and Sports in collaboration with the Tanzania Culture and Arts Fund, with the Ministry of Energy among the key facilitators. He stated that the training aimed to help content creators improve their work by focusing on content monetization strategies, personal branding, and adherence to copyright regulations. Kabunduguru noted that content creators have a significant role in transforming societal mindsets...

Prime Minister, Mwigulu Nchemba, has stated that the government will continue to oversee the availability of petroleum products to ensure prices remain affordable, despite ongoing regional and global security challenges—including those in the Middle East—that have contributed to rising fuel prices in the country. “We have observed that prices have started to increase. As a government, we will convene to determine how best to address the situation, so that citizens can continue accessing fuel at manageable prices and to control the rising cost of living,” said Dr. Nchemba. He made these remarks today, April 1, 2026, while presenting the Government’s Revenue and Expenditure Estimates for the 2026/2027 financial year in Parliament, in Dodoma. In another development, he noted that the government has continued to strengthen systems for importing, storing, and distributing fuel, alongside increasing the capacity to receive and store petroleum products at the ports of Dar es Salaam and Mtwara...

Swahili wisdom says, “The world is a house of wonders.” Ngorongoro continues to live up to this saying, as if a special tool for uncovering its marvels has just been unearthed. This comes at a time when a new tourism season begins, marked by eight tour guides qualifying for the 2026 Safari Field Challenge finals set to take place in Ngorongoro. The Ngorongoro Conservation Area Authority is sponsoring the competition, where the participating tour guides were selected through a rigorous screening process, leaving eight finalists. During the challenge, they will navigate through breathtaking attractions—true wonders of nature—while showcasing their expertise in knowledge, creativity, resilience, intelligence, and their ability to overcome challenges during safari expeditions. Speaking on behalf of the Conservation Commissioner, Senior Assistant Commissioner for Tourism and Marketing Services, Mariam Kobelo, stated that the competition will serve as a platform to showcase to the world that...