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Recurrent floods disasters pose grave risks to development and have negative impacts on economy, lives and livelihoods. The study analyse the economic implications of 2011 and 2014 floods disaster in Dar es Salaam. Specifically it was intended to analyse the characteristics and impacts of floods in various sectors as well as remedial measures and improvement needs and options. Data collected through different methods such as discussions and consultations, key informant interviews, secondary information, mapping and photographs and direct observations. SWOT was used to analyse improvement needs and options for addressing economic impacts of flood. This study found major impact was through high costs for provision of services, rehabilitation and reconstruction and shortage in revenue collection. Among remedial measures taken include reconstruction, provision of services and strengthening coordination mechanism. SWOT analysis identified improvement needs and options as land use, capacity building in commerce and trade, disaster risk management action and flood resilient infrastructures and socio-economic services.