Shilling hits new low at Sh140 to the dollar
Commodity prices to increase as the country remains a net importer.
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Commodity prices to increase as the country remains a net importer.
CBK on Thursday quoted the local currency at 139.11 to the US Dollar.
The report by Absa bank says this is despite the slight ease in global economic constraints.
ABSA has commended Tanzania for emerging as one of the 19 countries in the continent that registered improvements in market transparency, tax and regulatory environment during the past 12 months thus attracting potential foreign direct investments into the economy.
The COVID-19 pandemic posed challenges on both the health and socio-economic fronts in Africa. Despite the various challenges - including slower global growth, higher...