KILIMANJARO: THE newly established Integrated Domestic Revenue Administration System (IDRAS) by the...
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Zanzibar Social Security Fund
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Wednesday, March 11, 2026
Victory Attorneys Launch Tax and Finance
DAR ES SALAAM: VICTORY Attorneys & Consultants has officially launched its Tax and Finance Department, marking a significant milestone in the...
Health at risk as illicit alcohol costs over 1tri/-
DAR ES SALAAM: Illicit alcohol continues to pose a significant threat to ...
TRA urges taxpayers to embrace IDRAS for transparent, efficient services
KAGERA: THE Tanzania Revenue Authority (TRA) in Kagera Region has urged taxpayers to adopt the...
TRA receives 72 vehicles to enhance revenue collection across Tanzania
DAR ES SALAAM: THE Minister for Finance, Mr Khamis Mussa Omar, on February 25, 2026, handed over 72 new vehicles to the ...
Mobile tax offices hit road to drive 1tri USD economy
DAR ES SALAAM: THE drive to build a onetrillion-dollar economy has moved into high gear with the launch of the country’s first-ever...
TISEZA spearheads the 30bn/- soft drinks investment in Sumbawanga
SUMBAWANGA: THE Tanzanian investor who benefits from investment incentives provided by the Tanzania Investment and Special Economic Zones Authority (TISEZA) has...
Targeted reforms could secure higher Moody’s rating
DAR ES SLAAM: MOODY’S Investors Service upheld the country’s stable outlook and confirmed its long-term foreign and local currency issuer ratings at B1 on February 20, 2026.
AIA invests 2b/- to support the technological delivery system
DODOMA: THE Arusha Institute of Accountancy (AIA) has allocated 2bn/- through the Higher Education for Economic Transformation (HEET) Project to strengthen technological and digital infrastructure, a move aimed at changing the education delivery system and adapting to the needs of the current world.
Speaking to media outlets in Dodoma about development projects and opportunities for youth for the year 2025/2026, the Dean of the Arusha Institute of Accountancy (AIA), Prof Eliamani Sedoyeka, said the investment involves the establishment of AI Smart Classrooms on the campuses of the institute.
He said the classrooms have interactive digital whiteboards, AI-assisted lecture recording systems, real-time analysis of student engagement and modern attendance tracking systems,
Tanzania-India trade surges to 21.5tri/-
DAR ES SALAAM: TRADE between Tanzania and India has surged to 8.6 billion US dollars, (equivalent to 21.5tri/-), up from 2.3 billion US dollars (about 5.75tri/-) in...
TISEZA warns service providers against reputational risk
DAR ES SALAAM: DIRECTOR General of the Tanzania Investment and Special Economic Zones Authority (TISEZA), Mr Gilead Teri, has urged Investment Service Providers (ISPs) to...
Investors bullish as Moody affirms TZ at B1
DAR ES SALAAM: INVESTOR confidence remains firm as Moody’s keeps the country’s sovereign rating at B1 with a stable outlook, signaling steady...
NSSF rakes in 9.9 trillion/- to make a breakthrough in the fund’s value
KIGOMA: THE performance of the National Social Security Fund (NSSF) has hit a milestone after a voluminous increase to 9.9tri/- in the ...
Tanzania lures domestic, foreign investors to boost sugar industry
MOROGORO: THE Tanzanian government is working hard to attract both local and Foreign Direct Investment(FDI) in the sugar industry to close long existing shortage of...
Judiciary–NSSF synergy accelerates Tanzania’s social security reform
By Our Correspondent, Singida
The strong partnership between the Judiciary and the National Social Security Fund (NSSF) has been credited as a key catalyst for enhancing efficiency, accountability, and inclusivity in Tanzania’s social security sector.
Tanzania lures domestic, foreign investors to boost sugar industry
MOROGORO: THE Tanzanian government is working hard to attract both local and Foreign Direct Investment(FDI) in the sugar industry to ...
Flowteller startup excels in services beyond cash transactions
DAR ES SALAAM: A Tanzanian digital company, Flowteller, cashed 1.8m/- after emerging as the...
Microfinance faces liquidity, regulatory pressure
Dar es Salaam. Tanzania’s microfinance sector, long seen as a lifeline for...
PM stresses value for money
Susan MmaryTANGA: PRIME Minister Dr Mwigulu Nchemba has issued a strong warning to public officials and contractors against the misuse of development funds, stressing that every shilling released by the...
VP calls for increased innovation at DSE
DAILY NEWS Reporter
DODOMA: VICE-PRESIDENT Emmanuel Nchimbi has called on the Dar es Salaam Stock Exchange (DSE) to ...
Gold sale: A global economic strategy
DAR ES SALAAM: THE decision to sell a specified quantity of gold is not a novel or unusual occurrence in Tanzania alone.
Tanzania commits to intensify a war against money laundering
Aveline Kitomary
ARUSHA: TANZANIA, has assured the International Community involved in monitoring and controlling ...money laundering, terrorist financing, and weapons of mass destruction financing that the government will continue to strengthen and improve its systems for controlling such acts in the country.
This was stated by the Deputy Minister of Finance, Eng Mshamu Munde, on behalf of the Minister of Finance, Ambassador Khamis Mussa Omar, during the International Conference on the Exchange of Information on the Control of Illicit Money (EGMONT Group meeting), held in Arusha.
He said Tanzania has made great strides in building a robust system for combating financial crime, including strengthening regulatory institutions and international cooperation, a step that has enabled Tanzania to be removed from the list of countries with deficiencies in controlling money laundering and terrorist financing, after successfully implementing the action plan set by the Financial Action Task Force (FATF).
“The European Union’s decision to remove Tanzania from the list of high-risk countries has opened a new chapter in financial stability and attracting foreign investment and we are proud of this achievement which is the result of strong leadership, legal reforms, and close cooperation between our domestic institutions and development partners,” said Eng Munde.
He stressed that Tanzania will continue to collaborate with member states of the EGMONT Group and other groups such as the Eastern and Southern Africa Anti-Money Laundering Group – ESAAMLG, to ensure that domestic systems are in line with international standards of financial integrity.
“Financial crime knows no borders, one country cannot win this battle alone, and we must cooperate, exchange information, and track financial traces wherever they go,” added Eng Munde.
For her part, the Chairperson of the EGMONT Secretariat, Elżbieta Franków- Jaśkiewicz, said that Tanzania as a member of EGMONT, has excelled particularly in international cooperation, which is most important in protecting the integrity of the domestic and global financial system.
Jaśkiewicz said that EGMONT is committed to supporting its members by providing secure platforms for units, exchanging knowledge and financial information, and helping them combat money laundering, terrorist financing, and related crimes.
“We are very pleased to be warmly welcomed here in Tanzania, a place that plays an important and inspiring role in strengthening cooperation in the East and Southern Africa region, and continues to demonstrate its strong commitment to strengthening and developing regional and international cooperation in the fight against money laundering and terrorist financing,” said Jaśkiewicz.
Meanwhile, the Commissioner of the Financial Intelligence Unit (FIU), Majaba Magana, said that Tanzania’s journey in combating money laundering and terrorist financing has been a gradual one, and focused on reforms with the establishment of the Financial Intelligence Unit under the Prevention of Money Laundering Act which is an important institutional step, creating a central authority responsible for receiving, and analyzing financial information.
“Since its establishment, Tanzania has remained steadfast in adhering to international standards by implementing comprehensive reforms to strengthen our legal and institutional systems,” said Magana
Tuesday, March 10, 2026
Central bank backs ethical investment talent
DAR ES SALAAM: THE Bank of Tanzania (BoT) is supporting initiatives aimed at developing ethical investment talent to... strengthen market integrity and professionalism within the country’s financial sector.
Through the central bank unwavering support to backing platforms that expose students to real-world equity research and valuation, the central bank is positioning skills development as a key driver of market growth and stability.
BoT’s Head of Market Analysis, Surveillance and Monitoring Mr Mlekwa Kulwa said the central bank has remained forefront of such initiatives because a skilled workforce is essential for effective monetary policy transmission, sound financial markets and overall financial development.
“For the past years, we have been committed to supporting this initiative because we recognise that human capital development is a critical pillar for effective monetary policy transmission, sound financial markets and financial stability,” he said during the launch of the CFA Institute Research Challenge local finals for the 2025/26 cycle.
He said that such initiatives go beyond being a student contest as it immerses participants in practical equity research, rigorous valuation methods and professional standards, with strong emphasis on ethics.
The CFA Institute Research Challenge is a global programme designed to equip and nurture young investment and finance professionals. It recruits participants from across the world, with teams progressing through local and regional competitions before reaching the global finals.
In Tanzania, the programme brings together university students from first to third year, who form fivemember teams and undergo six months of training focused on stock market analysis and company valuation.
This year’s cycle selected NMB Bank as the subject company, giving participants an opportunity to assess the lender’s business model, performance and investment prospects using global research standards.
He added that the participation by teams from the University of Dar es Salaam, the University of Dodoma, Mzumbe University and the Institute of Finance Management is a strong testament to the growing depth of financial talent in the country.
CFA Society’s Country Administrator Ms Lucy Shantiwa said the programme enables students to conduct in-depth research on NMB Bank, analysing its financial performance, operations, industry dynamics and potential risks, before preparing professional investment recommendations.
“The winning team will represent Tanzania at the Africa regional stage against teams from South Africa, Egypt, Nigeria, Mauritius and Ethiopia, with the top performer progressing to the global finals scheduled to be held in the US in May this year,” she said.
This year, more than 300 students initially registered for the competition, but only 70 managed to reach the final stage.
NMB Bank’s Head of Brand and Marketing, Ms Rahma Mwapachu said the initiative sits at the intersection of academic rigour and real-world practice, helping prepare future finance leaders by anchoring technical excellence in ethics and discipline.
“We consider this both an honour and a strategic milestone,” she said, noting that strong institutions welcome scrutiny and benefit from independent market insights that strengthen accountability and performance.
Meanwhile, University of Dodoma Assistant Lecturer Mr Prosper Kawiche said the challenge adds strong value to students by exposing them to practical experience and mentorship from professionals already working in the financial industry.
“This is a major opportunity for them, considering they gain experience from professionals working in the industry,” he said.
New appeals board set to boost transparency in Tanzania’s Public Finance Management
DAR ES SALAAM: THE Accountant General CPA Leonard Mkude, has underscored the need for integrity, timeliness and professionalism in the accounting sector following the...
Financial ascent: Stability, sukuks, race for market depth
DAR ES SALAAM: IN the high-stake arena of African finance, Tanzania is no longer playing catch-up. According to the 2025 Absa Africa Financial Markets Index (AFMI), the...
Tanzania affirms to work with TMRC to facilitate access to credit facilities
DAR ES SALAAM: THE Tanzanian government has reaffirmed its commitment to continue collaborating with financial institutions, including the Tanzania Mortgage Refinance Company (TMRC), to enable the financial sector’s access to affordable credit facilities.
The initiative is intended to expand opportunities for low-income citizens to own decent housing.
The statement was made in Dar es Salaam by the Deputy Minister for Finance, Mshamu Ali Munde, on behalf of the Minister for Finance, Khamis Mussa Omar, during the official launch of a micro-housing loan service. The service has been introduced by TMRC in partnership with Habitat for Humanity International.
The program aims to provide financial institutions with liquidity of about 30bn/-, enabling them to offer small housing loans to low-income households and support their efforts to acquire decent homes.
Speaking during the launch, Munde said the government supports initiatives that address housing challenges, particularly for low-income groups who often face difficulties accessing formal loans due to a lack of collateral or because their income is small or largely informal.
He added that the new services complement government efforts to increase the availability of affordable and quality housing, while also strengthening the government’s capacity to deliver housing-related services to citizens.
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Meanwhile, the Chief Executive Officer of TMRC, Elibariki Ndossi, said the primary objective of the initiative is to expand access to home ownership opportunities for Tanzanians.
The Housing Finance Director at Habitat for Humanity Tanzania, Daniel Mhina, explained that under the new program citizens will not be required to provide immovable property as collateral in order to qualify for housing loans.
Research conducted by the institutions shows that only about 3 percent of Tanzanians currently have access to mortgage financing, largely because many people are unable to meet the strict lending requirements and loan thresholds set by financial institutions.
Since its establishment in 2010, TMRC has helped expand mortgage lending in Tanzania from 76.7bn/- to 745bn/-by 2025, reflecting steady growth in the country’s housing finance sector and improved access to housing opportunities.
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