Private Sector Credit Growth Accelerates to 28.1% in Year Ending June 2026

TLDR

• Private sector credit growth accelerated to 28.1% in the year ending June 2026.
• The increase in credit was driven by heightened lending for private investment and agricultural activities during the harvest season.
• Trade lending specifically surged by 59.5% during the same period.
• The Bank of Tanzania reported that exports of goods and services grew 17.2% to USD 19,923.6 million, supported by strong earnings from gold, manufactured goods, and tourism.
• Headline inflation eased to 4.0% in June 2026, remaining within the national target range of 3 to 5%.