Expert Insights: Your Compass for Tanzania's Economic Landscape
Uncover expert analyses on Tanzania's economy and the East African business landscape through our Insights section. Stay informed and gain the crucial information you need to make strategic decisions in Tanzania's vibrant market.
In 2023, Tanzania’s tourism sector recorded a remarkable recovery, welcoming 1,809,205 tourists, a 24.3% increase from 1,456,192 in 2022. Tourism earnings surged to USD 3.37 billion, up by 33.2% from...
In just nine months of the 2024/25 fiscal year, the Tanzania Revenue Authority (TRA) has collected TZS 24.05 trillion, marking a 17% increase compared to TZS 20.55 trillion collected during...
Over the past five years (2020–2024), Tanzania’s ATM infrastructure expanded by 48.7%, increasing from 1,462 ATMs in 2020 to 2,174 ATMs in 2024. This growth supported a rise in ATM...
Rising Transaction Values and Growing USD Dependence From 2020 to 2024, Tanzania’s payment system saw significant shifts in transaction patterns. TISS transactions in Tanzania Shillings (TZS) grew in value by...
Mobile banking in Tanzania has experienced significant fluctuations over the past five years. The number of subscribers dropped by 17.77% in 2021 but rebounded strongly in 2022 with a 64.30%...
Money remittances in Tanzania have experienced significant shifts from 2020 to 2024, with both bank-facilitated and mobile money transactions showing remarkable growth. Bank remittance inflows surged from TZS 894.08 billion...
Tanzania’s financial transactions landscape is undergoing a significant digital transformation, with Electronic Fund Transfers (EFT) surging by 44.7% in volume from 14.57 million in 2020 to 21.08 million in 2024,...
Tanzania's merchant ecosystem has experienced remarkable growth, with the number of registered merchants rising from 33,037 in 2020 to over 1.3 million in 2024. This rapid expansion has driven a...
Tanzania's participation in regional payment systems has shown dynamic growth, with EAPS transactions reaching TZS 614.2 billion in 2024, a 56% increase from 2023. Meanwhile, SADC RTGS transactions nearly doubled...
Tanzania has experienced a steady decline in foreign aid, with official development assistance (ODA) dropping from $761 million in 2013 to $389 million in 2024 and further projected to fall...
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Stay informed and gain the crucial information you need to make strategic decisions in Tanzania's vibrant market.
