Telecommunications industry a key pillar in economic growth

>Deputy President William Ruto has urged local and international investors to take advantage of numerous investment opportunities in Kenya.

>Tanzania introduced multi-party politics in the 1990s after quite a bit of dilly-dallying. This was essentially because the results of an opinion poll conducted earlier showed that only 25 per cent of the people wanted a multi-party system.

The World Bank sees Tanzania’s economy maintaining steady growth but it is warning of “clouds on the horizon” that could impede progress and undermine economic stability.

Zanzibar's Economic Growth Promising
AllAfrica.com
The State forecasts that economic growth will accelerate this year, a conducive scenario for envisaged development targets. Presenting development plans for 2014/2015, Dr Mwinyihaji Haji Makame, the Minister for State in the President's Office (Good ...

Shein Targets 10 Pc Economic Growth
AllAfrica.com
Zanzibar — Chama Cha Mapinduzi (CCM) Isles presidential candidate, Dr Ali Mohamed Shein, has promised to raise Zanzibar's economic growth from the current 7.2 to 10 per cent in the next five years if re-elected, vowing also to sustain the government ...

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.

The CEO Roundtable of Tanzania has criticised proponents of ‘rising African economic growth’, saying they are giving unjustifiable reasons because African countries are still in a marginal position of the global economy.

Tanzania’s stock market is yet to reflect robust growth of the economy. This is contrary to the basic principle that positive economic growth has to be accompanied by increased volume of the stock market.

Reports about ‘impressive’ economic growth on the African continent in general and Sub-Sahara Africa in particular are not short in supply.