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DAR ES SALAAM Tanzania (Xinhua) -- Air Tanzania Company Limited, the flag carrier airline of Tanzania based in Dar es Salaam, has recently received the new Airbus A220-300 seen on arrival at Julius Nyerere International Airport. Air Tanzania has become the first African carrier to take delivery of the Airbus A220-300. XINHUA PHOTO

Tanzania national debt rising but sustainable assurance
from the Finance and Planning Minister Philip Mpango

DAR ES SALAAM Tanzania (Xinhua) -- Tanzanian Minister for Finance and Planning Philip Mpango admitted in parliament on Monday that new loans secured by the government for implementation of mega projects was among reasons contributing to an increase of the national debt.

Mpango said the national debt increased from 49.86 trillion Tanzanian shillings (about 21.7 billion U.S. dollars) in April 2018 to 51.03 trillion shillings in April 2019.

Asking parliament to approve his ministry’s 11.9 trillion shillings budget estimates for the 2019/2020 fiscal year, Mpango mentioned mega projects including construction of the terminal III of the Julius Nyerere International Airport in Dar es Salaam and the standard gauge railway.

However, he said, the national debt that increased by 2.35 percent during the last 12 months was sustainable, adding that of the total debt, 13.25 trillion shillings was secured domestically while 37.78 trillion shillings was sourced from outside the country.

Mpango told the House in the capital Dodoma that the ministry evaluated the national debt annually to measure its sustainability.

He said in 2018/2019, the government allocated 1.41 trillion shillings for payment of domestic loans’ interests.

Mpango added that the government allocated 1.66 trillion shillings for payment of foreign capital debt and that 1.23 trillion shillings has been paid by April 2019, which is equivalent to 74.10 percent of the target.


Tanzania to start auctioning 26 hunting blocks electronically

ARUSHA, Tanzania (Xinhua) -- Tanzania’s hunting blocks will be placed on sale through online bidding portal on June 10, a senior official said on Monday.

Imani Nkuwi, the deputy Commissioner of the state-run Tanzania Wildlife Management Authority (TAWA) said that the move is meant to enhance transparency and curb corruption in the country’s tourism industry.

Nkuwi said TAWA is currently conducting special training for local tour operators and safari hunting firms on how to log into the Minister of Natural Resources and Tourism portal, and place bids.

He said that through the open online bidding, values of hunting blocks will be market-driven and determined by buyers who win tenders.

"This time it won’t be the government deciding how much a particular block costs, but the buyers themselves will compete against each other to bid for the plot," Nkuwi said.

According to Nkuwi, the first phase of online auction is scheduled to run from June 10 to June 17, as a total of 26 hunting blocks will be put up on sale.

Tanzania has 160 potential hunting blocks but 78 are occupied, leaving 82 blocks that will be put on sale through electronic bidding system in three phases.

The second auction is expected to be held in September.



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