Details

  • Type: Business and industry issue, KPMG information
  • Date: 6/30/2015

KPMG Tanzania Budget Brief 2015 

The performance of the Tanzanian economy has remained satisfactory, recording a growth rate of around 7.2% in 2014 and during the first half of 2015.
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Economic Growth

 

The main drivers of the growth were communication, transport, financial intermediation, construction, agriculture and manufacturing.

 

In the medium term, growth is expected to accelerate further due to three main factors:

 

  • The ongoing investments in infrastructure and the projected good weather conditions;
  • The discovery of large gas reserves; and
  • Low inflation rate that has been oscillating around 4.5%.