0.9% Growth in Manufacturing Credit After Previous Year Contraction
Latest Tanzania finance news · 0.9% Growth in Manufacturing Credit After Previous Year… explained · updated Aug 21, 2026 · economy news · GDP · investment
TLDR
- Credit to the trade sector grew 60 percent year-on-year to June this year, marking the strongest increase among major economic activities.
- The Bank of Tanzania Monthly Economic Review indicates that trade credit growth accelerated from 21.3 percent in June last year.
- Credit to transport and communication grew 46 percent annually in June, up from 26 percent a year earlier.
- Agricultural lending increased by 40 percent compared to 30 percent a year earlier, reflecting rising financing in this sector.
- Personal activity credit rose 34 percent from 14 percent a year earlier, while lending to building and construction grew 30 percent from 26 percent.