The Governor of the Bank of Tanzania (BoT), Emmanuel Tutuba, has attributed Tanzania’s steady economic growth and stability in the financial sector to strong economic policies and the leadership of the country’s top leaders.
Speaking on March 6, 2026, during an Iftar gathering organised by the central bank in Dar es Salaam, Tutuba said Tanzania continues to record positive economic performance under the leadership of President Samia Suluhu Hassan and Zanzibar President Hussein Ali Mwinyi.
The event brought together various stakeholders, leaders and members of the public during the holy month of Ramadan.
Tutuba said the country’s financial sector remains strong, with adequate capital and liquidity enabling banks and other financial institutions to operate efficiently and continue supporting economic growth.
He said available data shows that Tanzania remains among the economies performing well globally.
According to him, Tanzania’s economy grew by an average of six percent in 2025, while Zanzibar recorded growth of 6.8 percent.
Looking ahead, the governor said projections indicate that Mainland Tanzania’s economy is expected to grow by 6.3 percent in 2026, while Zanzibar’s economy is forecast to expand by 7.2 percent.
Tutuba said the positive trend is supported by sound economic management, including effective monetary policy, tax policy and prudent government spending.
He added that improvements in the business environment have also contributed to economic growth, alongside rising exports of key commodities.
Among the major exports driving growth are gold and cash crops such as cashew nuts and coffee, while the tourism sector has continued to expand due to an increase in international visitors.
The BoT governor also said inflation has remained stable and within the government’s target range.
He said the authorities have managed to keep inflation between three and five percent, ensuring stability in prices.
In 2025, the average inflation rate stood at 3.3 percent in Mainland Tanzania and 3.7 percent in Zanzibar.
Tutuba attributed the achievement to sound monetary policy, stable food prices, relatively stable exchange rates and declining global oil prices, as well as lower food prices in some neighbouring countries.
He said the central bank will continue to closely monitor economic developments and implement policies aimed at sustaining growth while strengthening the country’s financial system.
Earlier, speaking on behalf of Dar es Salaam Regional Commissioner Albert Chalamila, Temeke Municipal Mayor Uzairu Abdul Athumani said the holy month of Ramadan encourages reflection, repentance and strengthening moral values.
He said the lessons learned during the fasting period should continue beyond the month of Ramadan to help promote integrity, discipline and responsibility in society.
Athumani said the government hopes such values will benefit all Tanzanians, both Muslims and non-Muslims, by strengthening ethical conduct in everyday life.
Meanwhile, speaking on behalf of the Mufti and Chief Sheikh of Tanzania, Abubakar Zuberi, the Director of Foreign Affairs at the National Muslim Council of Tanzania (BAKWATA), Twahir Al-Musawaa, commended the Bank of Tanzania for organising the Iftar event.
He said the gathering reflected unity, compassion and cooperation among Tanzanians, noting that such initiatives promote harmony regardless of religious or social differences.
Al-Musawaa added that the holy month of Ramadan teaches important values such as integrity, accountability, compassion and mutual support, which are essential for building a strong and united society.