Tanzania, Aug. 22 -- Dar es Salaam. Tanzania's economic prospects have improved, with global credit rating agency Fitch Ratings revising the country's outlook to positive from stable while affirming its long-term issuer default rating at 'B+'.

The revision, announced on Friday August 21, 2026, reflects expectations of stronger international reserves, moderate fiscal deficits and continued economic growth, which Fitch said would support a downward trajectory in government debt.

The agency also acknowledged improvements in Tanzania's macroeconomic policy framework, including institutional and operational reforms that have strengthened central bank independence, exchange-rate management and foreign exchange (FX) operations.

"Recent instit...