Over 80 percent of budget for road construction under the Tanzania National Roads Agency (TANROAD) goes to Chinese companies.
About 76 percent of the Tanzania’s government revenues were spent in servicing loans and paying salaries between January and August 2023. Government borrowed Tshs. 1.1 Trillion to meet recurrent expenditures.
The stock of foreign private investment in Tanzania stood at about USD 18.6 Billion in 2021, (almost a quarter of Tanzania GDP).
A total of 329,918 students dropped out of schools in Tanzania, boys account the largest share of drop-outs about 182,213 students equivalent to 55.2 percent.
While bank loans were extended to 2.4 million individuals, around 3.5 million people benefited from loans facilitated by mobile networks.
Tanzania’s gold production in 2022 has reduced by 4 percent compared to the year 2021
Inside the Tanzania’s 2,102 kilometres standard gauge railway that cost USD 10 Billion
Mobile money transfers in East Africa
minimum wage order for private sector which is expected to start by January 1, 2023
The Tanzania’s government debt as of April 2022 stood at TZS 69.44 trillion (about USD 30.7 billion), this include domestic debt at TZS 22.37 trillion and external public debt stock at TZS 47.07 trillion (about USD 20.8 billion). Here is the breakdown of the Tanzania’s external debt as of the financial year 2020/2021.
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