Tanzania’s central bank lowered the statutory minimum reserves requirements for commercial banks to 6% from 7% and cut its discount rate for banks, to cushion the economy from the effects of the coronavirus crisis, it said on Tuesday.
Zambia temporarily shut its border with Tanzania to enhance measures against the spread of the new coronavirus, delaying its main copper exports via Dar es Salaam, a minister said on Tuesday.
Tanzania’s Justice and Constitutional Affairs Minister Augustine Mahiga has passed away at the age of 74.
The World Bank has approved a $500 million education loan to Tanzania after years of delays because of concerns about the country’s policy of banning pregnant students from public schools.
The East African Community’s (EAC) Secretariat has suspended indefinitely all international conferences and meetings in its headquarters in Tanzania, with delegates from countries at high risk of COVID-19.