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INDICATIVE EXCHANGE RATES TODAY JANUARY 5, 2026

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INDICATIVE EXCHANGE RATES TODAY OCTOBER 10, 2025

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TANZANIA LAUNCHES CONSTRUCTION OF MAHENGE’S GIANT KINYWE GRAPHITE MINE

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 Tanzania’s Minister of Minerals, Hon. Anthony Peter Mavunde (MP), has officially launched the construction of the Kinywe Graphite Mine in Mahenge, Ulanga District, Morogoro Region — a landmark project developed through an equity partnership between the Government of Tanzania (holding 16% ownership) and Black Rock Mining Limited (84%). Speaking at the inauguration ceremony, Minister Mavunde described the launch as a major milestone in advancing Tanzania’s strategic mining agenda, following directives by President Dr. Samia Suluhu Hassan to accelerate the implementation of key national projects. “This project is not merely about resource extraction — it is a powerful engine for development that will drive industrial growth, trade, employment, and community welfare across Mahenge,” said Minister Mavunde. According to the Minister, the Mahenge project represents an investment valued at USD 510 million (equivalent to over TZS 1.3 trillion) and is expected to create over 400 jobs during...

TANZANIAN ENVOY VISITS ANJOUAN HOSPITAL TO INSPECT JOINT MEDICAL MISSION

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  The Ambassador of the United Republic of Tanzania to the Comoros, H.E. Saidi Othman Yakubu, has visited Bambao Hospital on the island of Anjouan to inspect the progress of an ongoing joint medical camp conducted by Tanzanian and Comorian specialists. Ambassador Yakubu was received by local health authorities and toured several hospital wards, where he interacted with patients and medical staff providing essential healthcare services. The visit underscored Tanzania’s continued commitment to strengthening regional partnerships in health and human development. Speaking after the inspection, Ambassador Yakubu emphasized that Tanzania and the Comoros share a long-standing historical bond anchored in mutual cooperation and solidarity, particularly in improving the well-being of their citizens.  “We take pride in seeing our Tanzanian doctors working hand in hand with their Comorian counterparts to deliver quality medical care to the people of Anjouan. This collaboration is a true r...

AMBASSADOR NAIMI AZIZ REPRESENTS TANZANIA AT IAEA LAUNCH OF MODERN NUCLEAR SCIENCE HUB IN SEIBERSDORF

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  IAEA inaugurates newly constructed Nuclear Application Facilities in Seibersdorf, Austria The Ambassador and Permanent Representative of the United Republic of Tanzania in Vienna, H.E. Naimi S.H. Aziz joined the IAEA Member States and Secretariat to the inauguration ceremony of the newly constructed Nuclear Application Facilities in Seibersdorf that was held on October 7, 2025 in Seibersdorf. The new state-of-the-art Centre brings the IAEA’s work to life, and shows how nuclear science helps tackle global challenges — from health to food and agriculture, to protecting oceans and water. The Centre brings the Agency’s mission of Atoms for Peace and Development to life for the public. This new milestone highlights how nuclear technology drives progress in energy, medicine, food security, and industry, as well as the Agency’s role in reducing the risk of nuclear weapons proliferation.

NGUNGA SOLAR POWER PROJECT HITS 78.5% COMPLETION — BOOSTING CLEAN ENERGY ACCESS AND CUTTING ELECTRICITY COSTS IN TANZANIA

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  The Government has expressed satisfaction with the progress of the Ngunga Solar Power Project in Talaga Ward, Kishapu District, Shinyanga Region, which has now reached 78.5% completion of its first phase. This strategic initiative is set to produce 50 megawatts (MW) during its first phase, which will be fed into the national grid to improve electricity access for communities and help reduce the cost of power. During a site inspection on October 6, 2025, Engineer Innocent Luoga, Commissioner for Electricity and Renewable Energy at the Ministry of Energy, noted that the visit aimed to assess the project’s progress and its potential to lower electricity costs for Tanzanians. “In this first phase, the project will deliver 50 megawatts into the national grid, expanding electricity access and contributing to cost savings for households,” Commissioner Luoga said. He emphasized that the project will proceed in line with the signed contract and underlined the importance of diversifying en...

INDICATIVE EXCHANGE RATES TODAY OCTOBER 9, 2025

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BANK OF TANZANIA JOINS SADC REGULATORS TO HARMONISE NON-BANK FINANCIAL SECTOR RULES ​Deputy Governor Sauda Msemo leads the BoT delegation at the 48th CISNA General Meeting in Botswana, focusing on regional stability and microfinance expansion.

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The Bank of Tanzania (BoT) is participating in the 48th Annual General Meeting and specialized committee sessions of the Southern African Development Community (SADC), focusing on the supervision of insurance, financial markets, and non-bank financial institutions (CISNA). The high-level gathering, held in Maun, Botswana, from October 5 to 10, 2025, brings together stakeholders from across SADC member states to deliberate on regulatory frameworks and strengthening the non-bank financial sector. ​The BoT delegation is helmed by Ms. Sauda Msemo, Deputy Governor for Financial Sector Supervision and Stability. ​The central bank holds membership in CISNA by virtue of its domestic mandate, which includes overseeing investments made by social security funds and non-bank financial institutions (NBFIs), notably microfinance service providers. The BoT formalized its role by signing a cooperation agreement on October 6, 2023. ​The conference was officially inaugurated on Tuesday by the Vice Presi...

ENGINEER MATIVILA COMMENDS PROGRESS OF CHUMBI–KIEGELE ROAD PROJECT

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  Rufiji, Pwani — The Deputy Secretary General at the President’s Office – Regional Administration and Local Government (TAMISEMI), in charge of infrastructure, Engineer Rogatus Mativila, has expressed satisfaction with the progress of the Chumbi–Kiegele road project following an inspection visit. The 1.2-kilometre asphalt road is currently nearing completion. The project, implemented by TARURA in Rufiji District, Pwani Region, aims to enhance transportation and facilitate the movement of goods in the area. “RAPCO CONSTRUCTION, the contractor entrusted with this work, has demonstrated commendable commitment by adhering to deadlines. I am pleased with the execution of this project and encourage the contractor to continue delivering the same level of professionalism and efficiency in future projects assigned by OR-TAMISEMI through TARURA,” Engineer Mativila remarked during the iinspection He further emphasized that the government will maintain close oversight of such projects to ensu...

TANESCO MD TWANGE CALLS FOR ADHERENCE TO DEADLINES IN STRATEGIC DAR ES SALAAM POWER GRID EXPANSION

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  ​The Managing Director of the Tanzania Electric Supply Company (TANESCO), Lazaro Twange, has conducted an inspection tour of critical power infrastructure projects in Dar es Salaam, issuing a strong mandate for their swift and punctual delivery. His assessment included the site of the newly constructed modern Mabibo Power Substation and the ongoing installation of the 220-kilovolt high-voltage transmission line linking Kimara–Ubungo–Mabibo to Ilala. ​During his visit to the Mabibo Substation project on October 7, 2025, Mr. Twange noted that while the project has reached 70% completion, it must be finalized within the contractual timeframe. ​“My colleagues, this is no small task. I urge you to work day and night to ensure timely completion. Last-minute pressure work is unacceptable, especially when the key reasons for executing this project are well known. There will be no justification for requesting an extension,” Mr. Twange asserted, emphasised the need for strict adherence to ...

TANZANIA OPENS FIRST EASA-CERTIFIED AVIATION TRAINING HUB IN LANDMARK SECTOR MOVE

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 ​ In a pivotal development for Tanzania’s aviation sector, the European Union Aviation Safety Agency (EASA) Training and Examination Centre was officially launched at the National I nstitute of Transport (NIT) in Dodoma yesterday. The ribbon-cutting ceremony was led by the Director General of the Tanzania Civil Aviation Authority (TCAA), Mr. Salim Msangi. ​The inauguration follows NIT’s successful accreditation as an EASA-recognised centre, a feat achieved through a strategic partnership with Aerolink Solutions Ltd and the Athens Aviation Training Organization (AATO). This milestone initiative aims to directly enhance the skills of Tanzanian aviation professionals, bringing them into alignment with stringent international standards. Speaking at the ceremony, Mr. Msangi lauded NIT for the significant achievement. He underscored the vital role of modern training infrastructure, qualified instructors, and innovative programmes in delivering high-quality training that meets global avi...

COOKFUND BENEFICIARIES URGED TO INVEST MORE IN SMALL GAS CYLINDERS TO EXPAND CLEAN COOKING ACCESS

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  Beneficiaries of the CookFund initiative, part of the international Integrated Approach to Sustainable Clean Cooking Solutions programme implemented by the United Nations Capital Development Fund (UNCDF) in partnership with the European Union (EU), have been urged to direct their investments towards the production and distribution of small gas cylinders of three kilograms or less. This, officials say, will make clean cooking energy more accessible to low-income households. Speaking during a site visit to Mwanza, Nolasco Mlay, Director of Clean Cooking Energy at the Ministry of Energy, emphasised the importance of such investments in advancing Tanzania’s clean cooking agenda. The visit was part of an inspection of CookFund-supported projects designed to drive the growth of clean cooking solutions nationwide. Mlay visited several small and medium-sized entrepreneurs benefiting from CookFund support, underscoring their role in expanding access to affordable gas through strategic bus...