DODOMA, April 9 -- THE Tanzanian government has allocated  280bn/- , already deposited at the Bank of Tanzania (BoT), to serve as loan guarantees for youth as part of efforts to address unemployment in the country, Prime Minister Mwigulu Nchemba announced today, April 9, 2026.

Speaking in Parliament in Dodoma during the Prime Ministers Question-and-Answer session, Dr Nchemba stated that the initiative aims to enable young people to access capital to start and expand economic activities.

He further noted that the government is in the early stages of developing a framework that will allow university graduates to use their academic certificates as collateral when applying for loans. He explained that one key barrier for graduates is t...