46% Annual Growth in Transport and Communication Credit to June
Latest Tanzania finance news · 46% Annual Growth in Transport and Communication Credit… explained · updated Aug 21, 2026 · economy news · GDP · investment
TLDR
- Credit to the trade sector grew 60 percent year-on-year to June 2023, marking the strongest increase among major economic activities.
- Credit to transport and communication experienced an annual growth of 46 percent in June 2023, up from 26 percent a year earlier.
- Agricultural lending increased by 40 percent compared to 30 percent a year earlier, indicating 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.
- The Bank of Tanzania's report indicates a broadening flow of bank financing across the economy, particularly in commerce, logistics, and agriculture.