AfDB Forecasts Strong Tanzania Economic Recovery

The African Development Bank Group (AfDB) has said despite the Covid-19 pandemic ravaging the world, Tanzania remains one of the fastest growing economies in the African continent. AfDB President Akinwumi Adesina spoke of Tanzania's economic resilience in his brief salutations to Africa while also cautioning other leaders in Africa to take note that President John Magufuli is a man of action, especially when it comes to projects implementation. Adesina described Tanzania as a resilient country with strong micro economic fundamentals. The country achieved real DGP growth of 6.9% in 2019, it is projected to rise up to 4.1% in 2021 and it will rise up to 5.8% in 2022. 

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