Key View

• At Fitch Solutions, we forecast that Tanzanian real GDP growth will accelerate from 2.0% in 2020 to 5.2% in 2021 and 6.2% in 2022.
• The main factors boosting growth will be a recovery in private consumption and strong fixed investment growth.
• Nevertheless, headwinds facing the tourism sector will prevent a more significant economic

Key View

• Tanzania’s National Health Insurance Fund (NHIF) will aim to encompass all citizens regardless of financial status.
• The NHIF will continue to enter into various collaborations to ensure health insurance for farmers.
• Increasing NHIF members will benefit Tanzania’s pharmaceutical market growth.

Tanzania’s government is finalising

Key View

• Tanzania continues to shut down Covid-19 facilities as official numbers show a sharp decline in cases.
• Low healthcare spending per capita in Tanzania means healthcare facilities need to be used efficiently.
• Doubts about official Covid-19 figures remain.

Tanzania continues to shut down Covid-19 facilities as official numbers show a

Key View

• At Fitch Solutions, we forecast consumer price index (CPI) growth to average 4.2% in 2020 and 4.8% in 2021 in Tanzania, from 3.4% in 2019.
• Higher food prices will be the main driver of stronger inflation.
• However, we forecast the Bank of Tanzania (BOT) to lower the discount rate to 6.00% in 2020, from 7.00% in 2019.
• The BOT has

Key View

• The rollout of universal healthcare in Tanzania will drive healthcare market growth.
• As a result, demand for pharmaceuticals will be robust in the coming years, with generic medicines dominating the market.
• Despite the government’s efforts, local production will remain limited and the country will continue to rely on pharmaceutical

Key View

• At Fitch Solutions, we forecast real GDP growth to come in at 5.1% in 2019, 5.3% in 2020 and 6.2% in 2021, below a ten-year average of 6.3% registered between 2007 and 2017.
• Weak investment, a poor agricultural harvest in 2019 and a challenging global macroeconomic backdrop will be the main growth headwinds.
• Private consumption and

Key View

• The Tanzanian government will continue to explore ways to rein in rising healthcare, limiting the pharmaceutical market’s strong growth potential.
• Government efforts to boost local pharmaceutical production will have only a limited effect as longstanding issues will remain in place.
• The country will remain relatively attractive to

Key View

• At Fitch Solutions, we have revised down our forecasts for consumer price index (CPI) growth in Tanzania to an average of 4.5% in 2019 and 5.3% in 2020, from 5.4% and 5.5% in previously.
• Rising inflation will mainly reflect strong food price growth, due to supply shortages caused by poor weather conditions.
• Global oil prices will