Tanzania’s tourism sector expanded significantly in 2024, with 1,748,500 tourist arrivals (+12.4%), generating USD 3,259.8 million in earnings (+9.5%). The sector contributed 17.2% to GDP, up from 16.4% in 2023,...
Zanzibar’s economy grew by 6.2% in 2024, up from 5.6% in 2023, driven by tourism (7.1%) and construction (5.8%), while agriculture lagged at 3.5%. However, inflation rose to 4.3% in...
Strong Revenue Growth and Controlled Deficit Tanzania’s government revenue collection exceeded expectations, reaching TZS 3,877.4 billion in January 2025, surpassing the target by 8.6%. Tax revenue stood at TZS 3,153.0...
Tanzania’s current account deficit expanded to USD 4,807.9 million in January 2025, a 14.1% increase from USD 4,215.3 million in December 2024, driven by higher imports of fuel and capital...
Borrowing Costs Remain High, Savings Offer Mixed Returns In January 2025, Tanzania's lending interest rates remained high, with the overall lending rate at 15.73%, slightly up from 15.70% in December...
The Bank of Tanzania's Statement of Financial Position as of January 2025 shows a 1.6% increase in total assets, reaching TZS 25.24 trillion from TZS 24.85 trillion in December 2024....
The Tanzania Shilling (TZS) showed significant appreciation in December 2024, reversing the depreciation trend observed in previous months. The currency’s movement was influenced by increased foreign exchange inflows, monetary policy...
As of December 2024, Tanzania’s domestic debt stood at TZS 32.65 trillion, reflecting a decline of TZS 919.9 billion from the previous month, signaling improved revenue collection and reduced short-term...
Borrowing Patterns, Debt Service, and Sustainability Risks As of December 2024, Tanzania’s total public debt stood at USD 46.6 billion, with external debt accounting for 70.7% (USD 32.9 billion). The...
Zanzibar’s economy grew by 6.2% in 2024, up from 5.8% in 2023, driven by tourism (12.7% growth), trade (7.1% growth), and infrastructure investments. The inflation rate dropped to 3.9%, improving...
