DAR ES SALAAM (AEA) – Tanzania is doubling down on its “Blue Economy” and digital transformation initiatives, with Industry and Trade Minister Judith Kapinga affirming on Friday that the European Union remains the nation’s most vital development partner for strategic infrastructure.
Speaking in the commercial capital, Kapinga noted that the five-decade partnership with the EU is now pivoting toward high-tech and sustainable maritime sectors. Under the “Global Gateway” initiative,
Tanzania is receiving significant investment in port upgrades and transport infrastructure aimed at making Dar es Salaam the primary gateway for landlocked neighbors.
“Our partnership has contributed to opening up markets and strengthening value chains for our small and medium enterprises,” Kapinga told AEA.
The government is currently in talks with major international firms to boost tourism, with an ambitious goal of attracting 8 million tourists annually by 2030.
The day was not without economic hurdles. Prime Minister Kassim Majaliwa unveiled new relief measures following a sharp hike in fuel prices, which has threatened to drive up inflation. The government’s intervention includes temporary subsidies to transport sectors to prevent a cascade of price increases for essential goods.
In the agricultural sector, the Tanzania Seeds Certification Institute (TOSCI) took decisive action on Friday, suspending the licenses of three major seed traders in the Geita region. The move follows reports of “fake seeds” being sold to farmers, which officials say could jeopardize the upcoming harvest and national food security.
On the financial side, the Tanzania Mortgage Refinance Company (TMRC) announced a new bond issue targeted at addressing the country’s chronic housing crisis.
The bond aims to provide long-term funding to primary mortgage lenders, potentially lowering the barrier to entry for first-time homeowners in urban centers.
