Tanzania current account deficit narrows 56.6 percent in year to November

Tanzania's current account deficit narrowed 56.6 percent in the year to November, helped by a surge in earnings from tourism and gold exports and a decline in imports, its central bank said on Thursday.

The gap narrowed to $1.95 billion in the 12 months to November from $4.49 billion in the same period in 2015, the Bank of Tanzania said in its latest monthly economic report.