World Bank: Tanzania Economic Update - Issue 19, 2023

 

H. E. Dr. Samia Suluhu Hassan’s visionary leadership and commitment to boosting economic growth and provide clear direction to take on board the private sector as the engine for growth is paying off. Through deliberate policies targeted at strengthening the competitiveness of the economy, improve the business and investment environment, and reduce the cost of regulatory compliance.

The 19th Tanzania Economic Update launched in Dar es Salaam on 19th September, 2023, by the World Bank projects an economic growth rate of 5.1% this year compared to 4.6% recorded in 2022, despite worsening global economic conditions. The update explains this growth will be based on improving business climate and the implementation of structural reforms.

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