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Tanzania's economy grows 7.9 pct in Q2

Xinhua, September 30, 2016 Adjust font size:

Tanzania's economy grew 7.9 percent in the second quarter of 2016 (Q2) compared to a 5.8 percent expansion observed in the same period last year, authorities said on Thursday.

The country's National Bureau of Statistics (NBS) attributed the impressive growth to well-performing agricultural, industry and construction, and transportation sectors, among others.

The agriculture sector, which includes production of crops, livestock, forestry and fishing, registered a growth rate of 3.2 percent in Q2 compared to a negative growth of 1.9 percent in the same period last year, said a statement by NBS.

The statement said the increase in the agricultural sector growth rate was attributed to a favourable rainfall for crop production during the period under review.

"Mining and quarrying activities registered a growth rate of 20.5 percent in Q2 compared to 11.2 percent recorded during the same quarter of 2015," said the statement.

"The growth was mainly attributed to an increase in production of natural gas, diamond, Tanzanite, gold, copper and silver," it said, adding that "significant production was observed in the extraction of natural gas."

The statement said the manufacturing sector recorded a growth rate of 9.1 percent during the period under review compared to 5.2 percent in the same period in 2015.

And transportation sector recorded a growth rate of 30.6 percent in Q2, compared to 9.4 percent registered in the same period last year. Endit