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30% Growth in Building and Construction Credit to June

Latest Tanzania finance news · 30% Growth in Building and Construction Credit to June explained · updated Aug 21, 2026 · economy news · GDP · investment

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TLDR

  • Credit to the trade sector grew 60 percent year-on-year to June 2023, marking the strongest increase among major economic activities.
  • Lending to building and construction increased by 30 percent from 26 percent a year earlier, indicating a rise in financing for this sector.
  • The Bank of Tanzania Monthly Economic Review reported that credit to transport and communication grew 46 percent annually in June 2023, up from 26 percent the previous year.
  • Agricultural lending saw a 40 percent increase compared to 30 percent a year earlier, reflecting higher financing in this vital sector.
  • Overall, private-sector credit showed broad growth, with several key sectors experiencing double-digit increases during the period.

Latest news excerpts & sources: 30% Growth in Building and Construction Credit to June

dailynews.co.tzRead more

Credit for personal activities also strengthened, rising 34 per cent from 14 per cent a year earlier, while lending to building and construction grew 30 per cent from 26 per cent.

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