Tanzania has received a vote of confidence from the global financial community after Fitch Ratings affirmed the country’s ‘B+’ credit rating with a Stable Outlook, signaling continued trust in the nation's economic direction and policy reforms.
The credit rating, which assesses how likely a country is to repay its international debts, reflects Tanzania’s robust economic growth, low inflation, and commitment to sound financial management.
It also boosts Tanzania’s credibility in global capital markets, opening more doors for investment and development financing.
In its latest assessment, Fitch notes that Tanzania’s economy is on track to grow by 5.9 percent in 2025, supported by key sectors including agriculture, mining, tourism, and major infrastructure projects like the Standard Gauge Railway (SGR) and the Mwalimu Nyerere Hydropower Project.
These investments are not only improving transport and energy access but are also creating jobs and driving regional trade.
Tanzania has also been commended for keeping inflation within manageable limits between 3 to 5 percent, as targeted by the Bank of Tanzania helping citizens maintain their purchasing power amid global economic uncertainties.
Importantly, Fitch highlights the government’s success in improving public financial management, where pending payments to service providers and VAT refund backlogs have dropped significantly from 1.2 percent of GDP in 2022 to just 0.4 percent in March 2025. This move enhances cash flow for businesses, especially small and medium enterprises.
Under the leadership of President Samia Suluhu Hassan, Tanzania is seen as maintaining stable and predictable economic policies, a key factor in attracting both local and foreign investment.
Moreover, Tanzania’s foreign currency reserves have remained strong, reaching US$5.7 billion by March this year enough to cover over four months of imports.
This cushion strengthens the nation’s ability to weather external shocks such as rising global commodity prices or currency volatility.
Fitch concludes that Tanzania could see its credit rating upgraded further if the country continues to grow reserves, improve investor confidence, and deepen reforms that support the private sector and sustainable development.
This affirmation is a positive sign for Tanzanians and investors alike, showing that the country remains a stable and promising place to do business and build prosperity.