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.

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

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

Across Africa, individuals and businesses are increasingly engaging with global markets through cross‑border trade, international study, remote work and offshore investment. The recent strengthening of the rand against major currencies presents a timely opportunity for South Africans to plan ahead. When the local currency performs well, foreign currency becomes more affordable, making it easier to fund future international expenses.

Foreign exchange is no longer the preserve of corporates or professional traders, it has become an essential tool for everyday financial planning.

Thami Ngubeni spoke to Bishop Watkins, Head of Product Management for Forex and Global at Nedbank.

Across Africa, individuals and businesses are increasingly engaging with global markets through cross‑border trade, international study, remote work and offshore investment. The recent strengthening of the rand against major currencies presents a timely opportunity for South Africans to plan ahead. When the local currency performs well, foreign currency becomes more affordable, making it easier to fund future international expenses.
Foreign exchange is no longer the preserve of corporates or professional traders, it has become an essential tool for everyday financial planning.
Thami Ngubeni spoke to Bishop Watkins, Head of Product Management for Forex and Global at Nedbank.

Foreign exchange is no longer just for corporates or professional traders

Tax practitioners warn that South Africans who have moved their income offshore may face a rude awakening, as the South African Reserve Bank rolls out new rules requiring all cross‑border transfers of South African‑sourced income to be cleared by the South African Revenue Service before funds can leave the country. They also caution that relinquishing South African citizenship does not automatically release individuals from their tax obligations, as residency status and the source of income remain key factors in determining tax liability.


Thami Ngubeni spoke to Roxanna Naidoo, Head of Global Strategy at Latita Africa.

Tax practitioners warn that South Africans who have moved their income offshore may face a rude awakening, as the South African Reserve Bank rolls out new rules requiring all cross‑border transfers of South African‑sourced income to be cleared by the South African Revenue Service before funds can leave the country. They also caution that relinquishing South African citizenship does not automatically release individuals from their tax obligations, as residency status and the source of income remain key factors in determining tax liability.
 Thami Ngubeni spoke to Roxanna Naidoo, Head of Global Strategy at Latita Africa.

South Africans moving abroad urged to be proactive when it comes to their tax obligations

As the World Governments Summit (WGS) 2026 wraps up in Dubai, African leaders and financial experts are intensifying calls for the continent to shift away from aid dependence and prioritise investment‑led growth.

 

Speaking during a panel discussion titled “Government and the Future of Investment: An African Perspective, How the Continent Can Unlock Private Capital at a Pivotal Moment in Its Economic Transformation,” Dr Akinwumi Adesina, the 8th President of the African Development Bank Group, said Africa stands at a defining crossroads.


Thami Ngubeni spoke to Dr Akinwumi Adesina, the former President of the African Development Bank.

As the World Governments Summit (WGS) 2026 wraps up in Dubai, African leaders and financial experts are intensifying calls for the continent to shift away from aid dependence and prioritise investment‑led growth.
&nbsp;
Speaking during a panel discussion titled &ldquo;Government and the Future of Investment: An African Perspective, How the Continent Can Unlock Private Capital at a Pivotal Moment in Its Economic Transformation,&rdquo; Dr Akinwumi Adesina, the 8th President of the African Development Bank Group, said Africa stands at a defining crossroads.
 Thami Ngubeni spoke to Dr Akinwumi Adesina, the former President of the African Development Bank.

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

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