ZANZIBAR, March 26 -- THE Zanzibar current account surplus has rose by 25.8 per cent to 896.6 million US dollars in the year ending January, up from the corresponding period last year, largely driven by increased services receipts.
According to the latest Bank of Tanzania Monthly Economic Review, the growth was primarily supported by a stronger performance in tourism-related activities, indicating a sustained recovery in the services sector and its growing contribution to external sector stability.
Exports of goods and services grew by 26.9 per cent to 1.63 billion US dollars in the year ending January, compared with the corresponding period last year, signalling a notable strengthening in external demand.
The increase suggests improve...
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