John Magufuli

Tanzania central bank cuts reserve requirement to lift lending

Tanzania’s central bank will cut the proportion of deposits banks must maintain as reserves to 7% from 8% as of July 1, in order to boost lending, a report seen by Reuters shows. ... Full story

Tanzania's economy shows solid growth in second quarter

Dar es Salaam - Stronger mining, manufacturing and energy sectors nudged Tanzania's economic growth forward at a brisker pace in the second quarter of 2016. ... Full story

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