Dar es Salaam, April 19 -- TANZANIA: TANZANIAS current account deficit narrowed to 2,701.4 million US dollars in the period ending February this year compared with 5,133.6 million US dollars in the previous year contributed largely by the decrease in import bills.

The Bank of Tanzanias latest monthly economic review shows that the decline in imports of goods and services was noticed largely in refined white petroleum products, fertilisers and plastic items.

“The external sector showed signs of improvement, with imports declining, exports increasing and global commodity prices moderating albeit remaining above the levels before the breakout of the Russian-Ukraine war,” the BoT report stated.

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