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East Africa: Tanzania 'To Register Fastest Economic Growth in East Africa
Citizen, 10 July 2020
Tanzania's economy is forecast to grow at 5.2 percent this year, while six Eastern African countries' economies are projected to plunge into recession, blaming the trend on the… Read more »
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Tanzania: Gold Beats Tourism, Becomes Leading Foreign Exchange Earner
Citizen, 9 July 2020
Gold is now Tanzania's leading foreign exchange earner after overtaking tourism which has been hit by the Covid-19 global pandemic. A new report by the Bank of Tanzania (BoT) says… Read more »
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Tanzania: Dar Economy Nicks Milestone
Daily News, 9 July 2020
... ..AfDB report backs middle-income status Read more »
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East Africa: Growth in East African Region Will Slump in 2020 - AfDB
New Times, 9 July 2020
Rwanda's economic growth, like the rest of the region, is expected to decelerate in 2020 before picking up slightly in 2021, according to the latest outlook of the African… Read more »
Tanzania to Register Fastest Economic Growth in East Africa
The country's economy is forecast to grow at 5.2% this year, while six Eastern African countries' economies are projected to plunge into recession, blaming the trend on the Covid-19 pandemic, according to the African Development Bank (AfDB) report. The report also predicts that despite the projected slowdown because of COVID-19, real GDP growth in Tanzania will benefit from the increased prices of gold, a major national export.
InFocus
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Tanzania is among seven countries that moved to a higher category, while three others went down in their economic status for 2019. The country qualified for the status of ... Read more »
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The East African region registered growth at an average of 5% in 2019, according to the African Development Bank's 2020 African Economic Outlook report. Africa's economic growth is ... Read more »
