Fitch affirmed Tanzania’s rating (IDR) at ‘B+’ with a Stable Outlook, citing relatively strong GDP growth, moderate government debt levels, and low inflation. Fitch forecasts Tanzania’s GDP to grow to 5.4% in 2024 from 5.1% in 2023. Meanwhile, the central bank is enhancing its gold reserves, with purchases amounting to USD 26 mln and a proposal to reduce the royalty on gold sold to the central bank to 2% from 6%.