PitchSend

Investor Presentation HY 2020

Economic Review - Tanzania GDP GDP is seen expanding 6.0% Covid-19 is set to curb growth this year, although the economy should avoid recession, defying the regional trend. Source Focus Economics Newsletters i&M HOLDINGS Economic Outlook • Annual growth fell to an over two-year low of 5.7% in the first quarter (Q4 2019: +6.2%) due to Covid-19; nonetheless, the economy remained relatively sturdy, supported by booming demand for gold-the country's key export commodity-which bolstered mining and quarrying activity. • Tanzania has gained access to international credit markets after the World Bank upgraded its status to a lower-middle-income country, from a low-income one 18

View entire presentation