Tanzania's mobile money sector has grown remarkably, with subscriptions rising from 32.27 million in 2020 to 61.88 million in 2024, a nearly 92% increase over five years. In 2024 alone,...
Tanzania’s internet landscape has experienced tremendous growth, with subscriptions surging from 23.1 million in 2019 to 86.8 million in 2024, reflecting a remarkable expansion of over 275% in five years....
As of December 2024, Tanzania's communication sector has experienced remarkable growth, with 86.8 million SIM cards registered, reflecting a 7.7% increase from September 2024. Internet subscriptions reached 48 million, marking...
Tanzania’s current account balance, a vital indicator of its trade and investment flows, has witnessed significant improvement over the past four decades. From a peak deficit of -17.3% of GDP...
Tanzania's financial markets in November 2024 demonstrated resilience and stability, reflecting sound macroeconomic management. Government securities attracted strong interest in long-term bonds, with yields rising to 15.93% for 25-year bonds,...
Tanzania’s external sector showcased remarkable strength in November 2024, with the current account deficit narrowing by 35% to USD 2,025.8 million. Exports surged by 14.2% to USD 15,872.9 million, driven...
Supporting Economic Stability and Growth Tanzania's lending and deposit interest rates in November 2024 reflected a stable financial environment conducive to economic growth. The overall lending rate remained unchanged at...
Remittance flows play a pivotal role in Tanzania's economic landscape, contributing $757 million in inward remittances in 2024, equivalent to 1.0% of GDP. While the country lags behind regional peers...
IntroductionPublic-Private Partnerships (PPPs) are central to Tanzania’s strategy for achieving sustainable development and economic transformation. Through innovative financial models and collaboration, the government aims to address infrastructure, energy, and social...
The Q3 2024 Index of Industrial Production (IIP) highlights a 5.5% quarterly growth in Tanzania's industrial sector, driven primarily by robust manufacturing performance. While sectors like beverages, tobacco, and non-metallic...
