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Tanzania has emerged as one of the strongest performers in the Southern African Development Community (SADC), recording impressive economic growth and stability, according to the latest regional report presented at the 61st Meeting of the SADC Committee of Central Bank Governors (CCBG) in Gaborone, Botswana, on September 11, 2025.
The meeting was attended by Tanzania’s Central Bank Governor, Emmanuel Tutuba, alongside his counterparts from SADC member states.
The report shows that the SADC economy slowed to 3.0 percent growth in 2024, down from 3.8 percent in 2023, with member countries experiencing varied performance.
Tanzania, however, recorded a strong 5.5 percent growth the second fastest in the region driven by stable domestic economic activity and sound fiscal management.
On inflation, while the regional average eased slightly to 9.0 percent from 9.5 percent in 2023, several countries remained above the SADC target range of 3–7 percent.
Tanzania was among seven countries, including Eswatini, Lesotho, Mauritius, Mozambique, Namibia, and South Africa, that successfully kept inflation within acceptable levels.
Tanzania also stood out in trade, reporting a USD 2 billion trade surplus, a clear sign of strong export performance and positive contribution to regional trade integration.
The SADC Integrated Economic Outlook further confirmed Tanzania’s role as a key stabilizer in the regional economy, maintaining steady growth and financial stability year after year.
The 61st CCBG meeting, chaired by South African Reserve Bank Governor Lesetja Kganyago, provided a platform for central bank leaders to discuss strategies to boost economic growth, strengthen banking supervision, ensure financial stability, and improve regional payment systems.