Dar es Salaam — Tanzania has retained its B+ credit rating with a stable outlook, a signal of steady economic growth, controlled debt levels and improving fiscal management, according to Fitch Ratings. The assessment reflects an economy that continues to strengthen its fundamentals while navigating structural challenges.
Fitch affirmed Tanzania’s Long-Term Foreign-Currency Issuer Default Rating at ‘B+’, noting that ongoing reforms and macroeconomic stability are balancing out existing vulnerabilities. Analysts view the outcome as a sign of resilience, with the stable outlook indicating that the country is maintaining a consistent economic trajectory.
A senior lecturer at the University of Dar es Salaam Business School, Tobias Swai, said the rating offers cautious optimism, highlighting that continued implementation of long-term strategies such as Vision 2050 and the Five-Year Development Plan could pave the way for a future upgrade.
He noted that recent policy measures, including enforcing the use of the Tanzanian shilling in domestic transactions and strengthening tax reforms, are contributing to improved fiscal performance and economic stability. These reforms are also helping to enhance confidence among investors and development partners.
Tanzania’s rating is supported by strong GDP growth, low inflation, and continued engagement with the International Monetary Fund, which anchors reform efforts and provides external financing. Economic projections indicate growth of around 6% in 2026 and 2027, driven by key sectors such as agriculture, mining, and infrastructure.
Major projects, including the Standard Gauge Railway and the East African Crude Oil Pipeline, are expected to further boost economic activity, enhance regional connectivity and support Tanzania’s industrialisation agenda, while inflation is projected to remain low.
While analysts point to ongoing challenges such as revenue mobilisation and foreign exchange constraints, they note that Tanzania’s improving fiscal discipline, declining debt trajectory and reform momentum continue to position the country as a stable and increasingly attractive economy for investment.