Dar es Salaam, Feb. 25 -- DAR ES SALAAM: CURRENT account deficit narrowed by 28.6 per cent to 2.1 billion US dollars last year from 2.9 billion US dollars in 2023 on account of increased export earnings and a slowdown in imports.

The Bank of Tanzania (BoT) Monthly Economic Review for January stated that the performance was further supported by improvements in both global and domestic economic conditions.

During the period under review, the exports of goods and services grew by 15.1 per cent to 16.1 billion US dollars from 13.9 billion US dollars in December 2023.

“This performance was associated with increased export earnings from minerals, agricultural products and services mainly those associated with tourism and transportation...