In a recent meeting of the Tanzania National Business Council (TNBC), President Samia Suluhu Hassan emphasized the resilience and ongoing growth of Tanzania's economy amidst global economic challenges.
"Despite various global economic challenges, our economy has remained resilient and has continued to grow and strengthen," stated President Samia Suluhu.
She also highlighted the government's new initiatives under the R4 philosophy to reduce bureaucratic inefficiencies in railway operations. "I want to inform you that, guided by the R4 philosophy, the government has introduced reforms to eliminate bureaucracy in railway operations. We have amended railway laws to allow private operators to use this infrastructure to provide cleaning services," she explained.
In 2023, Tanzania's economy grew by 5.2%, compared to 4.7% in 2022. Additionally, inflation has remained stable at 3%, within the target range of 3% to 5%, and the country's food self-sufficiency has exceeded 120%.
These remarks reflect the government's commitment to fostering economic stability and growth through strategic reforms and policies.
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