32.4 Percent Credit Growth in Mining and Quarrying Sector
Latest Tanzania economy news · 32.4 Percent Credit Growth in Mining and Quarrying Sect… explained · updated Aug 10, 2026 · economy news · GDP · investment
TLDR
- The mortgage market in Tanzania registered a 3.8 percent growth in the value of residential mortgages to TZS 720.81bn as of 30 September 2025 from TZS 694.35bn recorded on 30 June 2025.
- On a year-to-year comparison, 10.92 percent growth was registered in value of mortgage loans as of 30 September 2025 (TZS 649.84bn: Q3 2024).The number of banks and financial institutions reporting mortgages was 29 as.
- Credit to the private sector maintained robust growth of 16.1 percent, almost the same as in the preceding month.
- Mining and quarrying recorded the highest credit growth, expanding by 32.4 percent, outpacing agriculture, which recorded 27.6 percent growth.
- Personal loans—mainly used to finance micro, small, and medium-sized enterprises—continued to account the lion’s share of private sector credit, at 36.7 percent, trailed by trade and agriculture, at 13.6 percent and.