Tanzania's growth slowed by credit squeeze, uncertainty over Magufuli

Tanzanian President John Magufuli. FILE PHOTO | NMG

Uncertainty over government policies and a slowdown in the private sector cut Tanzania's gross domestic product growth to an estimated 6.9 per cent in 2016 from 7.2 per cent the previous year, the World Bank said on Tuesday.

Growth is still supported by substantial government investment in infrastructure, including a standard gauge railway, new roads and expanding the ports.

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