The Latest

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.

Download Free OverviewGet the Full Guide
Tweet
Share
Share
Share
Related Posts
IMF Tanzania flag
Read More

IMF Approves USD 443.9 Million for Tanzania, Projects 6.2% GDP Growth Supported by Mining, Agriculture, and Tourism

The IMF Executive Board has approved an immediate disbursement of USD 443.9 million to Tanzania after completing the final reviews under the Extended Credit Facility and Resilience and Sustainability Facility programmes. The IMF said Tanzania maintained strong economic growth and macroeconomic stability while highlighting the need for continued reforms and fiscal consolidation.
Tanzania-France Business Roundtable in Paris where TPSF and ICC signed a partnership
Read More

Tanzania’s Private Sector Foundation Joins the International Chamber of Commerce

The Tanzania Private Sector Foundation (TPSF) has become an official member of the International Chamber of Commerce (ICC) under a strategic partnership signed at the Tanzania-France Business Roundtable in Paris. TPSF will promote the ICC's trade, dispute-resolution and investment services in Tanzania and establish an ICC Tanzania National Committee, with an office to be launched within a year.
Central Bank of Tanzania BOT CBR Interest Rate Q3 2026
Read More

BOT Raises Tanzania Central Bank Rate to 6.25% for Q3 2026; GDP Growth Estimated at 6% in H1 2026, Driven by Agriculture, Construction, Mining, and Tourism

The Bank of Tanzania (BOT) released its Monetary Policy Committee Statement of July 2026, in which it indicates that the MPC decided to raise the Central Bank Rate (CBR) from 5.75% to 6.25% for the third quarter of 2026. The decision aims to contain inflation driven by high energy, fertilizer, and transportation costs linked to the geopolitical conflict in the Middle East.
Tanzania dividends state-owned companies 2025-2026 infographic
Read More

Tanzania State-Owned Companies’ Dividends Rise 30% to TZS 1.327 Trillion in 2025/26 FY, Twiga Minerals Leads with TZS 221.9 Billion

Tanzania state-owned companies' dividends in 2025/26 FY totaled TZS 1.327 trillion from 308 enterprises and minority-held companies, a 30% increase from TZS 1.028 trillion in 2025, though below the TZS 1.5 trillion target set by President Samia last year. Twiga Minerals Corporation led all dividend payers with TZS 221.9 billion, more than double its 2025 payout, while the Tanzania Ports Authority (TPA) topped Consolidated Fund contributors with TZS 205.5 billion.

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 includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide