Tanzania’s economy has shown resilience and recorded amodest post-pandemic recovery with GDP growth of 4.6% in 2022. According to the recent issue of the Tanzania Economic Update, a biannual report published by the World Bank, a number of key matters are a priority in the short- and medium-term to maintain the country’seconomic status.
These include strengthening capacity to further build resilience, supporting inclusive growth through the Private Sector, and enhancing the investment climate to attract both domestic and foreign investors.
With a substantial role to play in driving sustainable development and in light of the findings in the World Bank report, business leaders have unique insights to help frame ongoing efforts of improving the business environment to propel economic growth. This evening, the CEO Round table of Tanzania (CEOrt) is bringing together captains of industry to discuss ‘Tanzania’s Outlook: A World Bank Perspective’.
The CEOrt is pleased to welcome Mr. Nathan Belete,World Bank Country Director, to join in this dialogue. The thought leadership session is part of the CEOrt’s monthly engagements that incorporate valuable dialogue on topics critical to sustainable development, not just for the Private Sector but the nation as a whole.
The 18th edition of the Tanzania Economic Update advocates for provision of water supply,sanitation and hygiene services (WASH) to reduce Tanzania’s economic losses. Beyond these recommendations,. the dialogue this evening is expected to touch on opportunities for harnessing development funding to drive Private Sector growth, formalisation of the informal sector with insights on lessons learnt from parallel developing economies, strengthening of the dollar resulting in increased inflationary pressures and what it means for Tanzania as it relates to trade, trade financing and sovereign debt, and the role of the World Bank in supporting the Government of Tanzania through prioritisation and harmonisation of policies for enhanced Private Sector competitiveness within the region and across Africa.
The CEOrt looks forward to facilitating this discussion between business leaders and Development Partners to drive collaboration aimed at championing Tanzania’s prosperity.
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