Tanzania’s shilling headed for the biggest weekly drop in four against the dollar. The currency of East Africa’s second-biggest economy lost 0.1 percent to 1,626.5 per dollar by 12:42 p.m. in Dar es Salaam, the commercial capital, taking its depreciation to 0.3 this week, the most since the five days through Aug. 12 Tanzania’s shilling has slumped 8.7 percent this year, making it Africa’s third-worst performer against the dollar after Uganda and Kenya’s currencies. Tanzania’s inflation rate climbed to 13 percent in July, the fastest in 15 months, as energy and food costs surged, the National Bureau of Statistics said Aug. 15. Higher prices of imports have weakened the currency. To contact the reporter on this story: David Malingha Doya in Dar es Salaam via Johannesburg at asguazzin@bloomberg.net To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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