DODOMA, Aug. 8 -- The Bank of Tanzanias (BoT) decision to introduce a special 1tri/- loan facility for banks and other financial institutions for on-lending at only 3 per cent per annum in 2021 has stimulated growth in the agricultural sector from 2.3 percent to approximately 14 percent, a latest report indicates.

In 2021, the lender of last resort unveiled policy measures to promote credit to the private sector and lower interest rates, with the aim of providing a strong impetus for increasing credit to the private sector and reducing borrowing costs, thereby hastening economic recovery.

Speaking exclusively to the Daily News and its sister publication, HabariLEO, during the 2026 National and International Nane Nane Exhibition held at ...