DAR ES SALAAM, Nov. 9 -- THE Bank of Tanzania (BoT) has issued credit guarantees worth 1.6tri/- to facilitate access to loans totalling 2.1tri/- across various sectors of the economy, aimed at improving access to financing for businesses and entrepreneurs.

The guarantees provided through the Export Credit Guarantee Schemes (ECGS), two government-backed credit guarantee schemes managed by the central bank to support viable businesses that struggle to secure loans due to inadequate collateral.

Speaking during a seminar for journalists, BoTs Senior Financial Analyst Ms Gloria Chellunga said the initiative was designed to enable entrepreneurs with commercially viable projects to access financing from banks and other financial institutions d...