Dar es Salaam, Feb. 18 -- DAR ES SALAAM: TANZANIAS economy has demonstrated robust growth in 2024, with Mainland Tanzania achieving a 5.6 per cent growth rate, exceeding the projected 5.4 per cent. Zanzibars economy also performed well, growing by 7 per cent in the first three quarters of the year.

The Bank of Tanzania (BoT), in its Monetary Policy Statement Mid-Year Review 2024/2025, projects continued strong growth for Mainland Tanzania in the second half of the 2024/25 fiscal year, forecasting a real GDP growth of around 6 per cent.

The central bank attributed these positive trends to strong performances in agriculture, finance and insurance, transport and construction.

Improvements in tourism, livestock and infrastructure projects,...