Economy

Tanzania Economy To Remain Robust In 2015-2016, World Bank Says

April 18, 2015

1 minute read

According to World Bank Tanzania’s economic growth should remain robust in 2015-16, driven by mining.

The information was part of WB latest analysis of issues shaping Africa’s economic future titled “Africa’s Pulse” released on April 13th 2015.

The analysis indicates that Tanzania will continue benefiting from FDI in the mining sector.

According to Mr. Francisco Ferreira, the World Bank’s chief economist for Africa Tanzania is among the countries that will benefit from declining oil prices in the world.

Tanzania enjoyed a sustained GDP growth averaging 7 % during the last 10 years.

The International monetary Fund (IMF) estimates the GPD growth of Tanzania to reach 7.2% and 7.1% in 2015-16.

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