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Tanzania's move to becoming low/middle income status

  • 1 February 2021 1 February 2021
  • Africa

  • Infrastructure

On 1 July 1 2020, the World Bank announced that the Tanzanian economy had been upgraded from low to lower-middle income status.

This is the result of steady economic growth in the country and a focus on improving Tanzania's infrastructure, in particular in the transportation and energy sectors.

In this video, Margareth Maganga, a senior associate in our projects and construction team in Tanzania, considers what this new status means for Tanzania.

This video forms part of our Projects & Construction Year in Review 2020 commentary. 

To hear more, visit our Year in Review hub here.‚Äč

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