Tanzania faces ballooning import bill as exports drop
Port of Dar es Salaam. Tanzania’s current account deficit widen by $966 million to $2.159 billion in the year ending September 2018, compared with $1.193 billion in the same period in 2017. PHOTO FILE | NMG
Increased imports for transport equipment and building and construction materials have seen Tanzania’s current account deficit widen by $966 million to $2.159 billion in the year ending September 2018, compared with $1.193 billion in the same period in 2017.
The figure represents a 7.5 per cent rise from August 2018, when the deficit was $2.009 billion.
