Donor aid poses liquidity problem for Tanzania - IMF

(Reuters) - Absorbing high liquidity from donor funds will be a challenge for Tanzania's economy and the government should sell more foreign exchange, the international Monetary Fund said in a statement.

The country is among Africa's top aid recipients and received $336 million in debt relief from the IMF last year.


Read more at Reuters Africa

Tanzania inflation falls to 5.0 pct yr/yr in May

(Reuters) - Tanzania's annual inflation rate dropped to 5.0 percent in May from 6.1 percent in April, the National Bureau of Statistics (NBS) said on Thursday.

Prices for foodstuff including rice, maize flour, spaghetti, sweet potatoes, vegetables, fruits, fish and coconuts were among those that eased, the NBS said. Prices of mineral water, cigarettes, kerosene diesel and petrol were among those that rose.


Read more at Reuters Africa

Standard Bank Economics Reports

Market forecast
Monthly short- to medium-term foreign exchange, inflation and interest rate outlook.

Macroeconomic forecast
Long-term annual forecasts of growth, inflation, interest rates and exchange rates.

Tanzania: Blueprint 2007
Economic growth is expected to accelerate to 7.3% in 2007 from 5.9% in 2006, as the country emerges from the retarding effects of the drought that caused a severe energy shortage and underproduction in the agriculture sector.

Mozambique: Blueprint 2007
After declining for four consecutive months to this year’s low of 10.6% y/y in August, overall inflation accelerated in September to 12.7% y/y. The increase in overall inflation in September was largely due to rising food inflationary pressures.