TANZANIA: EAST AFRICA’S NEXT BIGGEST MARKET IS BOOSTED BY RECORD INVESTMENTS

   Tue, 23 May 2023

Gas operators in Tanzania are moving closer to a final deal on the largest energy project in eastern and southern Africa, although some obstacles could cause further delays and cost overruns. Investments in the mining sector and ongoing expansion of rail and ports infrastructure are accelerating economic growth and Tanzania is expected to become East Africa’s largest market in ten years. Moreover, slowing inflation, fast economic growth, and shrinking public debt bodes well for fiscal indicators and boosts the business-friendly government’s stability.

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