Tanzania’s Minister of Finance told Fitch Ratings that its economy is projected to grow 6.3% in 2026, up from 5.9% in 2025, driven by mining, gas, energy, agriculture, and infrastructure investment. He also acknowledged that the growth rate had not yet returned to pre-COVID-19 levels.
Tanzania told Fitch Ratings that its economy is projected to grow by 6.3% in 2026, up from 5.9% in 2025 and 5% in 2024, driven by investment in mining, gas, energy, agriculture and infrastructure. The Minister for Finance, Ambassador Khamis Mussa Omar (MP), made the remarks while opening an online meeting with analysts from Fitch Ratings, held as part of a review of Tanzania’s economic performance. Omar said the Government has continued to improve the business and investment environment, including acting on the recommendations of the Tax Reform Commission.
He acknowledged that the growth rate had not yet returned to pre-COVID-19 levels. “On economic growth, we moved from 5% in 2024, we went to 5.9% last year, and this year we expect the economy to grow by 6.3%; we have not reached the levels that existed before COVID-19, but we are progressing well,” Omar said. Omar noted that developments in the mining and mineral processing sector were among the key areas discussed with Fitch, pointing to large projects at various stages of preparation.
Read more at: https://www.tanzaniainvest.com/economy/fitch-ratings-economic-review-gdp-growth-2026
