Tanzania’s Finance Minister, Khamis Mussa Omar, has announced that the country plans to increase its total spending by 10% to 24.29 billion US dollars in the upcoming fiscal year. The move comes as the East African nation faces heightened financial pressure to fund development projects following the withdrawal of budget support from key partners, including the United States and the European Union.
Minister Omar also projected that the economy will expand by 6.3% in 2026, up from 5.9% in the previous year.


Thami Ngubeni spoke to Kenya‑based economist Francis Sang.

Tanzania&rsquo;s Finance Minister, Khamis Mussa Omar, has announced that the country plans to increase its total spending by 10% to 24.29 billion US dollars in the upcoming fiscal year. The move comes as the East African nation faces heightened financial pressure to fund development projects following the withdrawal of budget support from key partners, including the United States and the European Union. Minister Omar also projected that the economy will expand by 6.3% in 2026, up from 5.9% in the previous year.
 Thami Ngubeni spoke to Kenya‑based economist Francis Sang.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

Tanzania plans to increase its total spending by 10% in 2026

The 2026 World Governments Summit, held alongside the World Laureates Summit, is underway in Dubai in the United Arab Emirates (UAE). Hosted under the theme “Shaping Future Governments,” the summit brings together governments, international organisations, thought leaders and private‑sector executives from around the world to advance international cooperation.


Speaking during one of the sessions, Patrick J. McGinnis, author of Fear of Missing Out, posed a pointed question: Are governments leading with a clear strategy, or are they merely reacting to FOMO, the fear of missing out, and FOBO, the fear of a better option, in an increasingly fast‑changing world?
Thami Ngubeni spoke to Patrick J. McGinnis, Venture Capitalist and Author of Fear of Missing Out.

The 2026 World Governments Summit, held alongside the World Laureates Summit, is underway in Dubai in the United Arab Emirates (UAE). Hosted under the theme &ldquo;Shaping Future Governments,&rdquo; the summit brings together governments, international organisations, thought leaders and private‑sector executives from around the world to advance international cooperation.
 Speaking during one of the sessions, Patrick J. McGinnis, author of Fear of Missing Out, posed a pointed question: Are governments leading with a clear strategy, or are they merely reacting to FOMO, the fear of missing out, and FOBO, the fear of a better option, in an increasingly fast‑changing world? Thami Ngubeni spoke to Patrick J. McGinnis, Venture Capitalist and Author of Fear of Missing Out.

Patrick J. McGinnis, author of Fear of Missing Out, questions whether governments lead with a clear strategy or merely react to FOMO

Day two of the IBT Presidential Summit has shifted the focus from policy vision to practical implementation, with discussions centred on how Innovative Building Technologies can be supported and funded at scale. Financial institutions, development financiers and government entities are engaging on the risks, opportunities and funding models required to move IBTs beyond pilot phases and into mainstream delivery.

Our Reporter Lebogang Mabange has more.

Day two of the IBT Presidential Summit has shifted the focus from policy vision to practical implementation, with discussions centred on how Innovative Building Technologies can be supported and funded at scale. Financial institutions, development financiers and government entities are engaging on the risks, opportunities and funding models required to move IBTs beyond pilot phases and into mainstream delivery.
Our Reporter Lebogang Mabange has more.

IBT Presidential Summit shifts the focus from policy vision to practical implementation

Ethiopian Prime Minister Abiy Ahmed has pushed back against claims by United States (US) President Donald Trump that Ethiopia’s massive new hydroelectric dam was funded by the US. The $4 billion Grand Ethiopian Renaissance Dam, built on a tributary of the Nile River, is expected to generate more than 5 000 megawatts of electricity, making it the largest power‑producing dam in Africa.


However, the project remains highly contentious. Egypt, a close US ally that relies on the Nile for nearly all of its water supply, has repeatedly warned that the dam poses an existential threat.
Channel Africa’s Economics Reporter, Innocent Semosa, has more.

Ethiopian Prime Minister Abiy Ahmed has pushed back against claims by United States (US) President Donald Trump that Ethiopia&rsquo;s massive new hydroelectric dam was funded by the US. The $4 billion Grand Ethiopian Renaissance Dam, built on a tributary of the Nile River, is expected to generate more than 5 000 megawatts of electricity, making it the largest power‑producing dam in Africa.
 However, the project remains highly contentious. Egypt, a close US ally that relies on the Nile for nearly all of its water supply, has repeatedly warned that the dam poses an existential threat. Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, has more.

Tanzania plans to increase its total spending by 10% in 2026

In 1 playlist(s)

Africa in Business

Social links

Recent clips