Diaspora remittances hit Sh3.3 trillion as Tanzania deepens global engagement
Tanzania, May 26 -- Dodoma. Tanzanians living abroad have been taking part in in the country's economic transformation, with diaspora remittances rising to Sh3.313 trillion in the 2024/25 financial year, Parliament was told on Tuesday.
Presenting his ministry's proposed Sh359.3 billion budget for the 2026/27 financial year, the Minister for Foreign Affairs and East African Cooperation, Ambassador Mahmoud Thabit Kombo, said the government has intensified reforms to enhance diaspora participation in investment, skills development and national development programmes.
Mr Kombo said the sharp increase in remittances, from Sh2.11 trillion in 2023/24 to Sh3.313 trillion in 2024/25.
This 57 percent rise reflects growing confidence among Tanzan...
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