Trade Lending Up 59.5% in Year Ending June 2026
Latest Tanzania finance news · Trade Lending Up 59.5% in Year Ending June 2026 explained · 2026 updates · updated Aug 21, 2026 · economy news · GDP · investment
TLDR
- The Bank of Tanzania reported that trade lending increased by 59.5% in the year ending June 2026.
- Exports of goods and services grew by 17.2% to USD 19,923.6 million, driven by strong earnings from gold, manufactured goods, and tourism.
- Credit to the private sector expanded by 28.1% during the same period.
- Foreign exchange reserves stood at USD 5,673.5 million, covering 4.4 months of projected imports.
- Headline inflation eased to 4.0% in June 2026, remaining within the national target range of 3 to 5%.