ZANZIBAR, Oct. 8 -- ZANZIBARS current account surplus increased sharply, supported by a strong rebound in tourism and higher service receipts.

The surplus rose by 34.7 per cent to 558.5 million US dollars in the year ending July, up from 414.8 million US dollars recorded a year earlier.

The sharp increase in Zanzibars current account surplus signals strengthening of external sector performance, which is vital for sustaining foreign exchange reserves and macroeconomic stability.

According to the Bank of Tanzanias latest Monthly Economic Review, the growth in tourism-related service receipts not only reflects the ongoing rebound in global travel but also highlights the sectors vital role in driving income generation, employment creation ...