Zero Hours
JF-Expert Member
- Apr 1, 2011
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Nianze nakukumbushia jinsi IMF walivyotuonya mapema:-
DAR ES SALAAM, Jan 10 (Reuters) - The International Monetary Fund has warned Tanzania that the country's economic policies threaten its forecast for growth in fiscal year 2016/17 (July-June) of around 7 percent.
President John Magufuli promised when he was elected last year to reform an economy hobbled by red tape and corruption and begin a programme to develop public infrastructure.
But the IMF said progress has been slow and lack of public spending is curtailing liquidity.
"There are risks that could adversely affect economic growth going forward, arising from the currently tight stance of macroeconomic policies, the slow pace of credit growth that may become protracted, slow implementation of public investment, and private sector uncertainty about the government's new economic strategies," the IMF said late on Monday in its latest review.
Tanzania projects growth of 7.2 percent for 2016, up from 7.0 percent in 2015, led by mining, telecoms, construction and financial services.
"Monetary policy should be eased to address the tight liquidity situation and support credit to the private sector," said the IMF.
Tanzania's economy grew 6.2 percent in the third quarter of 2016, compared with 6.3 percent in the same quarter of 2015. (Reporting by Fumbuka Ng'wanakilala; Editing by George Obulutsa, Larry King)
Sasa hata mwaka haujaisha matokeo tumeyaona.
Habari kamili:-
DAR ES SALAAM (Reuters) -Tanzanian growth slowed to 5.7 percent in the first quarter of this year, hurt by slower-than-expected performance of construction, transport, agriculture and the financial services sectors, the statistics office said on Thursday.
Growth in the same period of 2016 was 6.8 percent.
The state-run National Bureau of Statistics (NBS) said the construction sector grew 8.4 percent in January to March, compared with 8.9 percent a year ago, while transport and storage grew 4.1 percent from 7.9 percent previously.
“During the period under review, mining and quarrying increased at the highest growth rate of 35.3 percent followed by information and communication at 13.8 percent,” it said.
NBS attributed the surge in growth of the mining sector to increased production of gold, tanzanite, copper and coal.
Tanzania is Africa’s fourth-biggest gold producer and also has vast deposits of coal, uranium and gems.
Tanzania’s economy, East Africa’s second biggest, also relies on rain-fed farming, tourism and communications.
Agriculture sector growth edged down 2.6 percent in the first quarter compared with 2.7 percent a year ago, while growth in the financial intermediation and insurance services sector also slowed to 8.1 percent from 13.5 percent a year ago.
Tanzania projects its economy to grow 7.1 percent this year from 7.0 percent in 2016, making it one of the fastest-growing in Africa.
Reporting by Fumbuka Ng’wanakilala; Editing by Ed Cropley
Ila mfa maji haishi kutapatapa. Mtasikia mara ohh Wapiga dili wamedhibitiwa, mara Wazungu wanatuchakachua. Ila numbers don't lie.
Vey soon tutaelekea Zimbabwe kama tutaendelea kutumia wasomi wachumia tumbo na wenye tabia za kibashite. Wao hawaangalii kesho na wala hawana uchungu na kizazi chao.
Naomba niwataje kabisa.
1. Lipumba
2. Mwakiembe
Sent using Jamii Forums mobile app
DAR ES SALAAM, Jan 10 (Reuters) - The International Monetary Fund has warned Tanzania that the country's economic policies threaten its forecast for growth in fiscal year 2016/17 (July-June) of around 7 percent.
President John Magufuli promised when he was elected last year to reform an economy hobbled by red tape and corruption and begin a programme to develop public infrastructure.
But the IMF said progress has been slow and lack of public spending is curtailing liquidity.
"There are risks that could adversely affect economic growth going forward, arising from the currently tight stance of macroeconomic policies, the slow pace of credit growth that may become protracted, slow implementation of public investment, and private sector uncertainty about the government's new economic strategies," the IMF said late on Monday in its latest review.
Tanzania projects growth of 7.2 percent for 2016, up from 7.0 percent in 2015, led by mining, telecoms, construction and financial services.
"Monetary policy should be eased to address the tight liquidity situation and support credit to the private sector," said the IMF.
Tanzania's economy grew 6.2 percent in the third quarter of 2016, compared with 6.3 percent in the same quarter of 2015. (Reporting by Fumbuka Ng'wanakilala; Editing by George Obulutsa, Larry King)
Sasa hata mwaka haujaisha matokeo tumeyaona.
Habari kamili:-
DAR ES SALAAM (Reuters) -Tanzanian growth slowed to 5.7 percent in the first quarter of this year, hurt by slower-than-expected performance of construction, transport, agriculture and the financial services sectors, the statistics office said on Thursday.
Growth in the same period of 2016 was 6.8 percent.
The state-run National Bureau of Statistics (NBS) said the construction sector grew 8.4 percent in January to March, compared with 8.9 percent a year ago, while transport and storage grew 4.1 percent from 7.9 percent previously.
“During the period under review, mining and quarrying increased at the highest growth rate of 35.3 percent followed by information and communication at 13.8 percent,” it said.
NBS attributed the surge in growth of the mining sector to increased production of gold, tanzanite, copper and coal.
Tanzania is Africa’s fourth-biggest gold producer and also has vast deposits of coal, uranium and gems.
Tanzania’s economy, East Africa’s second biggest, also relies on rain-fed farming, tourism and communications.
Agriculture sector growth edged down 2.6 percent in the first quarter compared with 2.7 percent a year ago, while growth in the financial intermediation and insurance services sector also slowed to 8.1 percent from 13.5 percent a year ago.
Tanzania projects its economy to grow 7.1 percent this year from 7.0 percent in 2016, making it one of the fastest-growing in Africa.
Reporting by Fumbuka Ng’wanakilala; Editing by Ed Cropley
Ila mfa maji haishi kutapatapa. Mtasikia mara ohh Wapiga dili wamedhibitiwa, mara Wazungu wanatuchakachua. Ila numbers don't lie.
Vey soon tutaelekea Zimbabwe kama tutaendelea kutumia wasomi wachumia tumbo na wenye tabia za kibashite. Wao hawaangalii kesho na wala hawana uchungu na kizazi chao.
Naomba niwataje kabisa.
1. Lipumba
2. Mwakiembe
Sent using Jamii Forums mobile app