Here are fastest sectors shoring up Tanzania's economy
Tanzania, Feb. 22 -- Dar es Salaam. Finance, insurance, information, and communication are projected to be the fastest-growing economic activities in Tanzania as policy reforms and the enabling business environment push for economic expansion.
In a review of domestic economic performance, the Bank of Tanzania (BoT) has highlighted that between January and September last year, the financial and insurance sectors grew by 16 percent, while the same sectors recorded 9.3 percent growth during the corresponding period in 2022.
The information and communication sector grew by 7.9 percent last year, compared to the 7.6 percent growth it experienced in 2022.
According to the central bank, based on this performance and other leading economic ind...
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