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.