Credit to Private Sector Accelerates to 28.1% Growth in July 2026
Latest Tanzania finance news · Credit to Private Sector Accelerates to 28.1% Growth in… explained · 2026 updates · updated Aug 5, 2026 · economy news · GDP · investment
TLDR
- The Bank of Tanzania (BOT) released its Monthly Economic Review for July 2026, covering key macroeconomic indicators for the year ending June 2026, with Tanzania’s exports of goods and services rising 17.2% to USD.
- External Sector Performance Current Account The current account deficit widened 7.0% to USD 2,303.9 million in the year ending June 2026, from USD 2,153.4 million a year earlier, as imports outpaced export growth.
- Accepted bids reached TZS 597.1 billion (approximately USD 226.7 million), above the amount offered, and the overall weighted average yield edged up to 4.83% from 4.74% in May 2026.
- Interbank Foreign Exchange Market Turnover in the Interbank Foreign Exchange Market (IFEM) increased to USD 193.3 million from USD 119.3 million in May 2026, with the Bank making a net sale of USD 28.5 million.
- The shilling averaged TZS 2,633.73 per US dollar against TZS 2,616.88 in May 2026, depreciating 0.08% year-on-year compared with 0.21% in the year to June 2025.