Tanzania external debt increases by 3.4 pc

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Tanzania External debt stock increased by 3.4 percent to USD 17,802.6 million at the end of April 2017, from USD 17,222.8 million recorded at the end of June 2016. The Bank of Tanzania Monetary Policy Statement for June 2017 has said out of total external debt stock, 80.3 percent was public debt. 


Despite the increase, the debt remains sustainable as the present value of external debt to GDP ratio stood at 19.9 percent, which is way below the international sustainability threshold of 40.0 percent.
 Domestic debt increased by 11.1 percent to TZS 11,132.3 billion at the end of April 2017, compared with TZS 10,012.8 billion recorded at the end of June 2016. The increase domestic and external debt was mainly on account of borrowing to finance government budget.

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Tanzania intra-SADC trade decline by 15 pc

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The beauty queen from Tanzania who is building a furniture empire

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Jacquiline Ntuyabaliwe MFONOBONG NSEHE , Forbes Magazine : Weaving in and out of Dar es Salaam’s grating midday traffic in her chauffeured white Mercedes S550, Jacqueline Ntuyabaliwe, a svelte 38-year-old beauty, is transfixed by an image of a dining set on her phone. With a slim, elegant finger, she prods her cellphone screen to show me the picture she’s looking at. “This is one of our pieces,” she says, pointing to the picture of a 5-piece dining set. It’s one of the items produced by Molocaho by Amorette , the furniture-manufacturing firm she recently founded. “This set was handcrafted from timber which was reclaimed from old cargo boats from the Indian Ocean along Tanzania’s coastline,” says the entrepreneur earnestly.
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