Dar es Salaam, April 18 -- DAR ES SALAAM: BUOYED by stronger exports of goods and services, Tanzanias current account deficit narrowed to 2.16 billion US dollars in the year ending February, marking an improvement from 2.91 billion US dollars in the same period last year.

The latest data from the Bank of Tanzania Monthly Economic Review attributes the trend to growing external sector performance amid ongoing efforts to boost trade and diversify exports.

This performance is mainly attributed to the increase in earnings from exports of goods and services.

“The increase in earnings from goods and services exports not only helped narrow the current account deficit but also signals stronger foreign exchange inflows, which are crucial ...