Africa Matters

Bank of Tanzania takes measures to tackle dollar volatility

The Bank of Tanzania (BoT) has issued new directives aimed at controlling foreign exchange trading in the country a directive that comes at a time when several African countries are struggling with the dollar shortage including Kenya The directive was issued by BoT Governor Emmanuel Tutuba and takes effect from today, Thursday, June 1, 2023. The new controls impact…

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600 investors from Europe set sights on Tanzania

Summary Tanzania and the EU have developed very cordial relations since President Hassan assumed office in March 2021 Dar es Salaam. Over 600 investors and business leaders from the 27-member European Union (EU) are lined up for a mega business forum in Dar es Salaam next month as they seek to capitalise on Tanzania’s current pro-business policies to boost…

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