DAR ES SALAAM, Jan. 9 -- CREDIT to the private sector accelerated to an annual growth rate of 18.1 per cent in the period ending November last year, up from 15.3 per cent in the corresponding period of 2024, pointing to a sustained expansion in lending activity and improved credit uptake across the economy.

The latest Bank of Tanzania Monthly Economic Review shows that credit expansion during the period under review outpaced the previous months growth of 16.1 per cent, pointing to a continued acceleration in lending momentum and strengthening credit conditions in the economy.

“Credit uptake was strongest in the mining, trade and agriculture sectors, underscoring a lending pattern aligned with productive and trade-related activitie...