|Other Oily Seeds|
Tanzania officially the United Republic of Tanzania, is a large country in Eastern Africa within the African Great Lakes region. Parts of the country are in Southern Africa. It is bordered by Kenya and Uganda to the north; Rwanda, Burundi, and the Democratic Republic of the Congo to the west; Zambia, Malawi, and Mozambique to the south; and by the Indian Ocean to the east. Kilimanjaro, Africa's highest mountain, is in northeastern Tanzania.
Tanzania's population of 51.82 million (2014) is diverse, composed of several ethnic, linguistic and religious groups. Tanzania is a presidential constitutional republic, and since 1996, its official capital city has been Dodoma, where the President's Office, the National Assembly, and some government ministries are located. Dar es Salaam, the former capital, retains most government offices and is the country's largest city, principal port, and leading commercial Centre.
Tanzania’s financial system remains relatively shallow, despite undergoing important structural changes since 2003 and experiencing a rapid expansion of assets. As of 2009, the gross domestic savings rate reached a mere 15 percent of GDP, significantly below the Sub-Saharan average. Signs of deepening have, however, emerged, with broad money growing by 20 percent in 2009 and credit to the private sector increasing by 28 percent in the same year. Rapid credit growth has however also increased vulnerabilities in the sector. Credit risk and exposure to sectors hit by the global recession, such as cash crops and tourism, has increased, and a high level of concentration in the loan portfolio of many banks poses a potential risk.
Tanzania’s banking system is relatively small and inefficient, and access to finance remains a problem. Financial services from formal institutions reach only about one in six Tanzanians. Concentration in the banking sector remains high as limited branch networks have left smaller banks unable to compete with larger ones. Recent figures indicate that the three largest banks controlled approximately 64 percent of total asset shares, down slightly from 66 percent in 2003. The Tanzanian government has recently been promoting the expansion of the banking system through the Second Generation Financial Sector Programmed, which facilitated the creation of an investment bank and a women’s bank in 2009, and allowed more private banking and microfinance institutions to enter the market.
|Agriculture||Maize, cassava, sweet potatoes, beans, bananas, rice, millet.|
|Manufacture||Agricultural processing, mining.|
|Services (Including financial)||44.3% (2013 estimate)|
|Bank of Tanzania||Financials|
|Swala Gas and Oil||Oil & Gas|
|Tanzania Telecommunications Company Limited||Telecom|
|Tanzania Breweries Limited||Beverage|
|Tanzania Cigarette Company||Tobacco|
|Tanzania Railways Corporation||Industrials|
|Other Oily Seeds|
The Dar es Salaam Stock Exchange (DSE) is a stock exchange located in Dar es Salaam, the commercial capital and largest city in Tanzania. It was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association. The exchange is open five days a week, from Monday through Friday. The trading days are weekly from Monday to Friday, starting from 10.00 am to 14.00 pm.
The activities of the exchange are monitored and supervised by the Capital Markets and Securities Authority (CMSA). The DSE operates in close association with the Nairobi Securities Exchange in Kenya and the Uganda Securities Exchange in Uganda. Plans are underway to integrate the three to form a single East African bourse.
On 29 June 2015 the Dar-es-Salaam Stock exchange re-registered to become a public limited company. The company changed its name from the Dar Es Salaam Stock Exchange Limited to Dar Es Salaam Stock Exchange Public Limited Company. The company began selling shares on 16 May 2016 and is the third exchange in Africa after Johannesburg Stock Exchange (2006) and Nairobi Securities Exchange (2014) to self-list. The company offered 30% of the company's stock on the stock exchange represented by 15,000,000 ordinary shares.
The current global financial and economic crisis started to manifest itself in the financial markets in the United States of America (USA) in 2008. The main factors behind the crisis were: extension of mortgage loans to borrowers at highly concessional terms; weak oversight and poor supervision of banks and financial institutions; and excessive relaxation of fundamental rules and regulatory requirements for financial institutions.
Since then, the crisis has spread to other developed countries and already its bounce on effects are affecting the developing countries including Tanzania. The waves of the crisis reached Tanzania by early 2009 when there were indications that the crisis had affected a number of sectors, including agriculture, mining, and tourism, thus adversely affecting economic growth projections.
The trend of real GDP growth of Tanzania has decreased from 7.7% in 2004 to 6.4% in 2008; and in 2009 the rate is estimated to be 5.8%; that is lower than the revised rate by 0.2% The decline in 2008 towards 2009 could be attributed to, among others, the decrease in value of commodity prices in the world markets, reduced foreign direct investments and export orders during the crisis. Initially, the government has supported the banks to avoid the decline in trade financing as a mitigation strategy.
In terms of gross value added (GVA), mining sector experienced a decline in growth rate of 5.4% in 2008/09 compared to 2.6% in 2007/08. The Ministry of Finance and Economic Affairs (MFEA) has explained the decline to be attributed to the reduced mining activities as investors failed to source new funding from the capital markets especially during the crisis. In that period, there was a decrease in the production of diamond due to the fall of world diamond prices which had a negative effect on diamond production.
European colonialism began in mainland Tanzania during the late 19th century when Germany formed German East Africa, which gave way to British rule following World War I. The mainland was governed as Tanganyika, with the Zanzibar Archipelago remaining a separate colonial jurisdiction. Following their respective independence in 1961 and 1963, the two entities merged in April 1964 to form the United Republic of Tanzania.
|John Pombe Magufuli (President)||Kassim Majaliwa?Prime Minister)||Job Ndugai (Speaker)||Mohamed Othman (Chief Justice)|
The shilingi (Swahili; English: shilling; sign: TSh; code: TZS) is the currency of Tanzania. It is subdivided into 100 senti (cents in English). The Tanzanian shilling replaced the East African shilling on 14 June 1966 at par.
Amount in the Tanzanian shilingi is written in the form of x/y, where x is the amount above 1 shillingi, while y is the amount in senti. An equals sign or hyphen represent zero amount. For example, 50 senti is written as "=/50" or "-/50", while 100 shilingi is written as "100/=" or "100/-". In common, daily use, the symbol TSh is used.
Coins currently in circulation are the 50, 100 and 200 shilingi. A 500 shilingi coin was issued on the 8 September 2014.
On 14 June 1966, the Benki Kuu Ya Tanzania (Bank of Tanzania) introduced notes for 5, 10, 20 and 100 shillingi (also denominated in shillings on the first series of notes). The 5 shillingi note was replaced by a coin in 1972. 50 shillingi notes were introduced in 1985, followed by 200 shilingi in 1986, 500 shillingi in 1989 and 1000 shillingi in 1990. The 10, 20, 50 and 100 shillingi notes were replaced by coins in 1987, 1990, 1996 and 1994, respectively. 5000 and 10,000 shillingi notes were introduced in 1995, followed by 2000 shilingi in 2003. A new series of notes came out in 2011. These new notes include many security features that prevent counterfeiting.
Banknotes in circulation today are 500, 1000, 2000, 5000 and 10,000 shilingi.
|National Song||"Mungu ibariki Afrika"|
|Currency||Tanzanian shilling (TZS)|
|GDP / GDP Rank||149.804 Billion USD|
|GDP Growth Rate||7 Percent|
|GDP Per Captial||$3080.321 (PPP)|
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
Mainland - African 99% (Of Which 95% Are Bantu Consisting Of More Than 130 Tribes)
Other 1% (Consisting Of Asian
And Arab); Zanzibar - Arab
President – John Magufuli[α]
Prime Minister – Kassim Majaliwa
|Website||Go to the web|
|Public Debt||39.005 Percent|
|Unemployment Rate||2.619 Percent|
|Labor Force (Occupation)||-|