Economic

The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other major economies have...

Tanzania’s external sector continued to be affected by cumulative effects of global shocks, particularly the war in Ukraine, which largely...

Credit extended to the private sector grew by 22.5 percent in April this year compared with 13.4 percent recorded in...

The Bank of Tanzania (BoT) has banned trading of foreign exchange with international foreign currency brokers who are not licensed...

The outlook for Africa's debt sustainability remains "cloudy" as low growth and high inflation challenge the stability of many economies...

Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of...

Investors’ appetite for the 5-yr Treasury bond waned last week with the short-term bond being undersubscribed according to the available...

Tanzania’s foreign exchange reserves closed at $4.9 billion at the end of April 2023, down from $5.5 billion at the...

Tanzania’s inflation will remain low during the remainder of this year based on expected further decline in food and energy...

The World Bank will press for more grants and new capital from member countries, even as it leverages its balance...