Business

The Economic Research Center, places Tanzania and Kenya, among the top 10 African countries with the highest corporate tax rates.

President Samia Suluhu wonders why People travelling from one African country to another are forced to go thousands of miles out of their way and transfer through Asia, the Middle East or Europe.

Operating right at the center of No Man's land, the racketeers managed to escape arms of the law from both Kenya and Tanzania for over two years.

Bank has also distributed Points of Sales devices to other business outlets such as retail shops, supermarkets, wholesale stores, hotels, restaurants and gas stations.

Tanzania ships abroad processed forestry products like the Engineered Wood Products, including plywood, marine boards and laminated boards.

High Commissioner of India in Tanzania Binaya Pardhan revealed that the trade between Mumbai and Dar-Es-salaam has reached USD 6.4 billion as of 2023.

Head of State, Samia Suluhu Hassan points out that her government pumps more than USD 30 billion to fund a number of public enterprises yet many of them remain non-productive burdens to the country.

According to the head of state, the government has invested over 73 trillion/- in the public enterprises and other state-run institutions and it was their expectation that the funds should yield massive returns in profits.

However, despite wars and pandemics, the domestic economy remains stable, with recent growth in Tanzania Mainland and Zanzibar ranging from 4.7 percent to 5.4 percent.

During the second phase, the company will also invest 11 billion/- in constructing a total of 90 residential building at Mikocheni in Dar-es-salaam.