Tanzania, May 6 -- Dar es Salaam. Tanzania's manufacturing sector is steadily losing its share of bank lending, even as private sector credit expanded to an estimated Sh46 trillion, equivalent to about 22 percent of gross domestic product.

According to the Bank of Tanzania's monetary policy report released last week, credit to manufacturing sector has been on a sustained decline, contracting over a 13-month period to 7.2 percent in February 2026 from 9.7 percent in February 2025.

This comes at a time when overall private sector credit is growing strongly, rising by 22.8 percent in the quarter ending March 2026, up from 19.2 percent in the preceding quarter, according to the report.

Personal loans continue to dominate lending, accountin...