Tourism boom fuels Zanzibar’s cash surge as exports dive

Zanzibar achieved a 34.7 percent surge in its current account surplus to 836.6 million dollars through September, powered by robust tourism receipts as visitor numbers climbed 28.2 percent to 885,385 arrivals. The Bank of Tanzania's monthly economic review credited service sector revenues, which jumped 36.4 percent to 1.50 billion dollars, while overall exports of goods and services rose 27.3 percent to 1.47 billion dollars.

Import activity accelerated 18.9 percent to 658.4 million dollars during the same period, driven by heightened demand for capital equipment and consumer products. Industrial transport equipment purchases soared 84.7 percent to 73.6 million dollars, though clove shipments plunged 76 percent to just 6.3 million dollars because of the crop's natural production cycle.
 

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