Tanzania, June 5 -- Dar es Salaam. Tanzania's ambition of becoming a $1 trillion economy by 2050 will largely depend on its ability to empower young people through access to finance, financial literacy and co-operative-based economic models, the Minister responsible for Youth Development, Mr Joel Nnauka, has said.

Speaking during the launch of Coop Bank Tanzania's Morocco branch in Dar es Salaam on Friday, Mr Nnauka said greater investment in youth was essential to unlocking the country's economic potential and achieving the targets set out in Vision 2050.

He said a newly signed partnership between the ministry and Coop Bank Tanzania would help address long-standing barriers facing young entrepreneurs, particularly limited access to aff...