December 2023 – AmchamTZ

21 Dec 23

Tanzania’s Economic Progress and the Urgency of Trade Cost Reduction

Summary: The Country Economic Memorandum for the United Republic of Tanzania, titled ‘Privatizing Growth,’ highlights the significant social and economic strides made by the country, transforming from a Low-Income Country to a Lower Middle-Income Country. With an annual growth rate of 6.1 percent since 2000, Tanzania has witnessed improvements in…

21 Dec 23

World Bank Report Urges Tanzania to Embrace Private Sector-Driven Growth for Sustainable Development

Summary: A recently released World Bank report titled ‘Privatizing Growth’ emphasizes the need for Tanzania to shift towards a more private sector-driven growth model to sustain its impressive economic trajectory of the past two decades. While Tanzania has exhibited robust growth, the report highlights a slowing structural transformation and a…

21 Dec 23

𝗙𝗶𝘁𝗰𝗵 𝗮𝗳𝗳𝗶𝗿𝗺𝘀 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮’𝘀 𝗕+ 𝗰𝗿𝗲𝗱𝗶𝘁 𝗿𝗮𝘁𝗶𝗻𝗴, 𝗰𝗶𝘁𝗲𝘀 𝘀𝘁𝗿𝗼𝗻𝗴 𝗺𝗮𝗰𝗿𝗼𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲

STABLE RATING 𝗙𝗶𝘁𝗰𝗵 𝗮𝗳𝗳𝗶𝗿𝗺𝘀 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮’𝘀 𝗕+ 𝗰𝗿𝗲𝗱𝗶𝘁 𝗿𝗮𝘁𝗶𝗻𝗴, 𝗰𝗶𝘁𝗲𝘀 𝘀𝘁𝗿𝗼𝗻𝗴 𝗺𝗮𝗰𝗿𝗼𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 * Tanzania has one of the highest credit ratings in East Africa * A high credit rating can give a country access to cheaper loans, more FDI inflows * Fitch expects $40bn LNG project to boost Tanzania’s GDP…