DAR ES SALAAM, Aug. 21 -- CREDIT to the trade sector grew 60 per cent year-on-year to June this year, the strongest increase among major economic activities, as commercial bank lending expanded across commerce, transport, agriculture and construction.

The latest Bank of Tanzania Monthly Economic Review shows trade credit growth accelerating from 21.3 per cent in June last year, pointing to stronger demand for working capital, inventory financing, distribution and business expansion.

The acceleration in trade lending came alongside broader growth in private-sector credit, with several key sectors recording double-digit increases during the period.

According to the report, credit to transport and communication followed with annual growth...