DAR ES SALAAM, Aug. 26 -- INDUSTRIAL demand and rising trade activities have fuelled higher imports, reflecting stronger production needs, expanding commercial engagement and sustained momentum in economic growth for a year ending June.
Imports of goods and services rose to 17.60 billion US dollars in the year ending June, up from 16.14 billion US dollars a year earlier, according to Bank of Tanzania (BoT) latest report.
Bank of Tanzania (BoT) Monthly Economic Review, said the surge in imports points to expanding industrial and commercial activity, with higher demand for equipment and inputs supporting production.
The report said it reflects a growing economy and rising trade engagement, though it may also put pressure on the countrys ...
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