DODOMA, Aug. 14 -- THE share of bank credit going to agriculture has risen from 8.1 per cent to 13.7 per cent, following measures by the Bank of Tanzania (BoT) to expand affordable credit to the private sector.

The increase reflects policy measures introduced by the central bank in 2021 to boost private-sector lending and lower borrowing costs, including a 1tri/- facility extended to banks and other financial institutions at an interest rate of three per cent a year for on-lending.

Speaking exclusively to the ‘Daily News and its sister publication, HabariLEO, during the 2026 National and International Nanenane Exhibition at the Dr John Samuel Malecela grounds in Nzuguni, Dodoma, BoT Economist Ms Cartas Chawene said banks were requ...