Tanzania's monetary policy in the fourth quarter of 2024 demonstrated a strategic approach to sustaining economic growth while maintaining price stability. The Bank of Tanzania (BoT) maintained a stable policy...
In 2023, Tanzania’s Local Government Authorities (LGAs) disbursed TZS 43.94 billion in loans to women and youth, benefiting over 23,000 recipients. This funding, part of a government initiative to promote...
Digital loans have experienced significant growth in Tanzania, driven by mobile technology, increased phone ownership, and partnerships between banks, microfinance institutions, and mobile network operators (MNOs). Key Statistics Key Drivers...
In 2023, access to finance for MSMEs in Tanzania saw significant growth, with the number of MSME loan accounts rising by 21.9% to 176,213 and total loan values increasing by...
Between 2019 and 2023, Tanzania's financial landscape experienced remarkable growth, with total financial access points increasing by 130%, from 609,956 in 2019 to 1,402,609 in 2023. This expansion was driven...
Tanzania’s tourism sector has demonstrated remarkable resilience and growth over the past decade. From steady increases in visitor numbers pre-COVID-19 to a sharp decline during the pandemic, the industry has...
Tanzania recorded a 2.5% increase in food prices in October 2024, significantly lower than the East African average and well below high-inflation countries like Kenya (4.3%) and Burundi (22.5%). This...
Tanzania’s electricity price, at $0.087 per kWh, positions it as a cost-effective choice within East Africa, balancing affordability and infrastructure development. Cheaper than Uganda, Rwanda, and Kenya, but higher than...
Tanzania’s inflation rate of 3.0% in October 2024 highlights its remarkable economic stability, outperforming many African countries. With projections of further decline to 2.5% by 2026, Tanzania’s prudent fiscal and...
As of September 2024, Tanzania's total external debt reached USD 32.89 billion, accounting for 73% of the country’s total national debt. The central government held the largest share of external...
