From Independent Online

Tanzania’s current account deficit narrowed by 9.5 percent in the year to May due to higher tourism arrivals and agricultural output amid a drop in imports, the central bank said yesterday.

The deficit narrowed to $3.98 billion (R40bn) in the 12 months to May from $4.38bn during the same period a year earlier.

The bank did not quantify it as as a percentage of gross domestic product.

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