Dar es Salaam, Feb. 5 -- DAR ES SALAAM: TANZANIA has made notable strides in the 2024 Absa Africa Financial Market Index, excelling in the Macroeconomic Environment and Transparency category with a third-place ranking in Africa, its highest across all pillars.

The achievement reflects significant progress, as the countrys score rose from 80 in 2023 to 85 in 2024.

This improvement is attributed to increased transparency, including publicly available Monetary Policy Committee (MPC) meeting schedules, consistently low headline inflation and a healthier non-performing loan (NPL) ratio.

Tanzanias Pillar 5 ranking places it behind only Botswana (88), the continental leader in the category and Uganda (87), which ranks the second.

The Absa in...