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8.3% Growth in Credit to Hotels and Restaurants Compared to Previous Year

Latest Tanzania finance news · 8.3% Growth in Credit to Hotels and Restaurants Compare… 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 this year, marking the strongest increase among major economic activities.
  • Credit to hotels and restaurants specifically increased by 8.3 percent compared to the previous year.
  • 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 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 flows into the sector.

Latest news excerpts & sources: 8.3% Growth in Credit to Hotels and Restaurants Compare…

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Hotels and restaurants, however, recorded slower credit growth of 8.3 per cent, compared with 22.5 per cent a year earlier, pointing to weaker expansion in bank financing to the hospitality sector.

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