DAR ES SALAAM, Aug. 15 -- CURRENT account deficit narrowed to 2.12 billion US dollars in the year ending June from 2.79 billion US dollars a year earlier, driven by a robust performance in exports that outpaced imports.

The narrowing of the current account deficit signals growing strength in the countrys external sector, reflecting improved export performance and reduced reliance on imports.

This development supports foreign exchange stability, strengthens the countrys balance of payments position and enhances investor confidence which are key factors for sustaining economic growth and resilience amid global economic uncertainties.

According to the latest Bank of Tanzania monthly economic review, the exports of goods and services rose ...