Tanzania economy

Tanzania has become the third east African country in as many months to discover the size of its economy is bigger than previously thought, benefiting from a surge of investment from gas explorers.

Tanzania joins neighbours Kenya and Uganda in their hefty upward revisions. Statisticians say the new estimate for the size of the economy in the country of 51m people is $41bn, 32 per cent more than previously estimated and the highest revision leading the east African pack, followed by Kenya (which rose 25 per cent at the end of September) and Uganda (13 per cent, also this month). Read more

Source: Thomson Reuters. Click to enlarge

Pity Tanzania’s stockbrokers. For the first time in years, it looked as if the country’s famously closed and illiquid markets might be about to open up to foreign investment. But, in classic Tanzanian style, “procedure” has called a halt. Read more

In most countries paying taxes is nothing special. For those that fail to dish up the dues – and get caught – punishments await. But elsewhere, compliance is so low that carrots are used as well as sticks. Wednesday was Taxpayers’ Day in Tanzania. Read more