According to Tanzania’s central bank, the economic outlook for 2024 remains optimistic, with projected growth rates of approximately 5.5% for the mainland and 7.4% for Zanzibar, driven by reforms, tourism recovery, and increased power generation from the Julius Nyerere Hydropower Project among other sources. The central bank highlighted risks, including geopolitical tensions and policy tightening in advanced economies but anticipates contained inflationary pressures, aiming for a 5% inflation target.