Publication date: 2015, May
Author: Power Africa
Description: Tanzania has experienced real annual GDP growth rates of 3% - 7% since the 1990s. In 2012, Tanzania’s real annual GDP grew by 6.4% (World Bank, 2014). Moreover, Tanzania passed the Millennium Challenge Corporation’s (MCC) annual scorecard of country performance in 2013 and was selected in December, 2013 as eligible for a second MCC compact (MCC, 2014). Despite these positive developments, underinvestment and weak financial performance in Tanzania’s energy sector continue to be significant barriers to continued economic growth.
