Curtailing illicit capital flows is vital for economic growth

>A Washington DC-based non-profit organisation that conducts research on national and multilateral policies has called upon the Obama Administration and Heads of State from across Africa to prioritise efforts to curtail illicit financial flows from the continent.

Stunned by the revelation of gross money laundering and tax evasion involving some Tanzanians, the Bank of Tanzania (BoT) is conducting a study on illicit financial flows to determine the extent of the problem, a senior official has said.

On the Left: Mr. David Robinson, ‎Deputy Director, African Department at International Monetary Fund (IMF); in the middle: Mr. Armando Manuel, Chair of the African Caucus and Minister of Finance of Angola.

*The forum assembles more than nineteen Ministers of Finance and fourteen Governors of the Central Banks

The development of the continent continues to be affected by insufficient resources.

The President of the African Group and Minister of Finance of Angola, Armando Manuel, declared in...

Tanzania will fully open its capital markets next year, a senior government official has said.

Venture capital and private equity investment financing refers to shareholders equity invested mainly in private companies as distinguished from publicly listed companies on stock exchange.

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The initial estimates for the Tanzania budget for 2015/2016 is about Sh22 trillion. This is an increase of about Sh3 trillion as compared to last year’s budget. When presenting these estimates in April 2015, the Finance minister stipulated that about Sh13 trillion is expected to be raised from various taxes administered by the Tanzania Revenue Authority.