Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Tanzania’s reaffirmation at B1 by Moody's Ratings has eased immediate concerns of a downgrade, but attention is increasingly turning to what the country must do to secure a higher credit rating.
The agency maintained a stable outlook, projecting real gross domestic product (GDP) growth of at least six percent in the medium term, supported by investment in manufacturing, mining, tourism and transport. Inflation closed 2024 at 3.1 percent, while the fiscal deficit stood at three percent of GDP.
