12 °c
London
Tuesday, February 7, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Tanzania Govt Targets 13% Economic Growth

FurtherAfrica by FurtherAfrica
October 18, 2016
in Africa, Banking, Currency, Economy, Finance, Tanzania
Reading Time: 1 min read
899 47
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Tanzania is required to boost its economy by more than 13 per cent annually in order to attain a middle income status by 2025. For the past years the country’s economy has been growing by 7 per cent only.

Speaking yesterday when launching the Tanzania Investment Bank (TIB) board of directors, Finance and Planning Minister Philip Mpango challenged the board members to ensure the bank put much attention on supporting agriculture and industrial sectors.

Finance and Planning Minister Philip Mpango
Finance and Planning Minister Philip Mpango

He said the two segments were prime at reviving the county’s economy to attain the middle income status.

“Our economy has been registering poor economic improvement pace due to lack of proper attention to the two sectors. The fifth phase government is very determined to revive them in a fresh bid to industrialise the country. TIB was supposed to make the dream come true,” said Dr Mpango.

He noted that the government was doing all in its capacities to promote agribusiness and semi-processed industries, fishing and modern pastoralism from grassroots levels across the country.

He added: “Most public and private development projects have been stuck due to lack of discipline and commitment among most officials. I call upon you to deliver,” he appealed to members of the body.

The minister insisted that elevating the country’s economic status to the tune of attaining a middle income status was never an easy task. He said Public Private Partnership (PPP) was essential so as to foster various economic projects.

TIB acting managing director Charles Singili itemized lack of funds in preparing project proposals as one of the challenges which derail the facility from offering best services.

By Valentine Oforo, allAfrica

Related

Tags: Finance and Planning Minister Philip MpangoPPPpublic private partnershipTanzaniaTanzania Investment BankTIBタンザニア坦桑尼亚
ScanSendShare378Tweet237Share66Pin85Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Climate

Experts converge to find solutions for climate change challenges

by FurtherAfrica
February 7, 2023
Logistics

Ethiopia inaugurates US$68M Dire Dawa Dry Port and Terminal

by FurtherAfrica
February 7, 2023
Finance

2nd African Infrastructure Financing Summit brings US$160B worth of projects

by Fabio Scala
February 7, 2023
Grey List – 1st activity on Beneficial Ownership Registers in Mozambique
Justice

Grey List – 1st activity on Beneficial Ownership Registers in Mozambique

by Elizabeth Khumalo
February 7, 2023
Logistics

Enel signs 2 PPAs to supply renewable energy to South Africa

by Energy Capital & Power
February 7, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Climate

Experts converge to find solutions for climate change challenges

by FurtherAfrica
February 7, 2023
0

Rapid urbanisation, population growth and increasingly scarce resources are high on the agendas of scientists, innovators, decision-makers and governments around...

Read more

Ethiopia inaugurates US$68M Dire Dawa Dry Port and Terminal

February 7, 2023

2nd African Infrastructure Financing Summit brings US$160B worth of projects

February 7, 2023
Grey List – 1st activity on Beneficial Ownership Registers in Mozambique

Grey List – 1st activity on Beneficial Ownership Registers in Mozambique

February 7, 2023

Enel signs 2 PPAs to supply renewable energy to South Africa

February 7, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,774 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...