World Bank touts VAT reform for more revenue

Bank of Ireland’s losses shrank sharply last year on improved revenue and lower costs, the bailed-out lender announced earlier this week.

Equity Bank and Tanzania Revenue Authority (TRA) have inked a deal that enables taxpayers to remit their taxes through the financial institution’s network.

World Bank's 22bn/- for modern bus terminal in Moshi
IPPmedia
The World Bank has confirmed plans to dish out 22bn/- early next year to Moshi Municipal Council, Kilimanjaro Region to finance the construction of a modern bus terminal. Moshi Municipal Mayor, Jaffari Michael revealed this on Monday, saying up to the ...
Six perh in ghastly Moshi road horrorDaily News

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Official figures show that poverty has been decreasing in the past five years, but the World Bank says the vast majority of Tanzanians still live in poverty.

World Bank Group support to developing countries rose sharply to $61 billion in fiscal year 2014 as the organization prepared for transition to a new operating model, up from $52.6 billion in FY13.

The president of the World Bank makes an emotional appeal for 5,000 medical workers to volunteer and help contain the growing Ebola outbreak.

The World Bank (WB) has said it is impressed by various measures taken by President John Magufuli to tackle runaway government expenditure.

The World Bank’s board of executive directors has approved $300 million (about Sh525 billion) development financing to directly improve key services for about half a million people in Dar es Salaam. The credit is from the high-concessional International Development Association (Ida) and it targets the new Dar es Salaam Metropolitan Development Project (DMPD).

World Bank managing director and chief operating officer Sri Mulyani Indrawati is expected to visit Tanzania starting tomorrow and hold talks with top government officials.