The World Bank (WB) has hailed the government initiative to promote the private sector, saying it is optimistic that if the pace is retained, Tanzania’s GDP growth will hit 6% in a few years. The World Bank Country Director to Tanzania, Malawi, Zambia, and Zimbabwe, Mr. Nathan Belete, said it was evident that programs carried...
he World Bank predicts Tanzania’s economy to expand between 4.5% to 5.5% this year compared to 4.3% in 2021, as a rollback of coronavirus-related restrictions in many countries boosts tourism and trade, its country director said on Tuesday. After initially downplaying the severity of the COVID-19 pandemic under the late President John Magufuli, Tanzania changed...