An expansion in air connections, including low-cost routes, is expected to help sustain Tanzania’s growth in visitor numbers and strengthen its tourism sector.
Tanzania
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A new draft budget released in Tanzania last month emphasises capital projects as a means to further boost industrial activity in what is already one of Africa’s fastest-growing economies.
Tanzania has come a step closer to setting out the terms for the construction of a liquefied natural gas (LNG) project, which has the potential to bring about major economic gains if realised.
Tanzania’s microinsurers could benefit from strong growth, with some domestic players looking to expand operations and recent pro-consumer reforms expected to support further take-up and deepen insurance penetration.
Economic update | Tanzania banking turns mobile
28 Feb 2017
Mobile money has seen impressive growth in Tanzania in recent years, emerging as a key facilitator of financial inclusion, while agency banking is showing promise as a route to new customers for banks.
National efforts to modernise Tanzania’s underdeveloped agricultural industry received a major boost at the end of 2016, in the form of a $93.5m loan from the African Development Bank.