Tanzania, July 6 -- Mbeya. Local firms continue to lose major tenders to foreign investors, particularly Chinese companies, because of crippling borrowing costs, it has been revealed.

The stark reality of the capital cost gap was laid bare over the weekend during a high-profile public lecture at the Mzumbe University Mbeya Campus College (MCC).

Held under the theme, 'The Role of Universities, Industry, and Public-Private Partnerships in Realising Tanzania Vision 2050,' the public lecture brought together students, academics and industry leaders to debate the country's path towards Vision 2050.

Delivering a keynote address on the economic transformation required to achieve Tanzania Vision 2050, the Public-Private Partnership Centre (PPP...