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East Africa and Tanzania to Show Strong Economic Growth in 2019

May 8, 2019
1 minute read
Tanzania GDP 2019 growth estimate

The Institute of Chartered Accountants in England and Wales (ICAEW) has recently issued its latest Economic Update for Africa for Q1 2019, which includes economic forecasts for the region.

Within the continent, East Africa is expected to remain the strongest growing region with a 6.3% economic expansion this year.

Ethiopia, Rwanda, Tanzania, and Uganda are all expected to record real GDP growth above 6% in 2019.

Tanzania Investment Guide 2026 Free Edition

Infrastructure investment and the expansion of financial and telecoms services continue to support the growth in these countries.

FinTech, in particular, provides a leapfrogging opportunity to foster inclusive economic growth and development, if managed appropriately.

ICAEW reminds that East Africa has already established itself as the global leader in mobile money transfer services.

Tanzania is one of the world leaders in mobile money transfers, with 44% of adults having access to it and a total of 16m subscribers.

Want to know more about the Economy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the Economy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free