Tanzania has continued to demonstrate strong macroeconomic performance within the Southern African Development Community (SADC), according to the latest regional report reviewed during the 61st Meeting of the Committee of Central Bank Governors (CCBG), held in Gaborone, Botswana, on 11th September 2025. The Bank of Tanzania Governor, Emmanuel Tutuba, attended the meeting alongside his counterparts from across the region.

The report shows that the SADC economy slowed to 3.0% in 2024 from 3.8% in 2023, with member states recording divergent growth trends. Tanzania stood out as one of the strongest performers, registering 5.5% growth—second highest in the region—driven by resilient domestic activity.

On inflation, while the regional average eased to 9.0% in 2024 from 9.5% in 2023, most SADC countries remained above the macroeconomic convergence target of 3%–7%. Tanzania was among seven member states—alongside Eswatini, Lesotho, Mauritius, Mozambique, Namibia, and South Africa—that successfully contained inflation within the target range.

In terms of trade, the report revealed that most SADC countries remained net importers within the region. However, Tanzania distinguished itself by recording a trade surplus of USD 2 billion, reflecting strong export performance and a positive contribution to regional trade integration.

The SADC Macroeconomic Convergence Index also reaffirmed Tanzania’s position as one of the most consistent performers in maintaining economic stability year after year.

The 61st Meeting of the CCBG, chaired by the Committee’s Chairperson who is also the Governor of the South African Reserve Bank, Mr. Lesetja Kganyago, provided an opportunity for the leaders to deliberate on various strategic issues aimed at stimulating economic growth, strengthening banking supervision and financial sector stability, as well as advancements in payment systems.