Tanzania, April 10 -- Dodoma. Graduates in Tanzania could soon walk into financial institutions with nothing but their academic certificates and walk out with government-backed loans, following a major policy shift announced by Prime Minister Dr Mwigulu Nchemba.

Dr Nchemba made the revelation in Parliament yesterday, during the Prime Minister Question and Answer session.

He was responding to questions from Members of Parliament, Timida Fryandomo (Special Seats) and Isack Copriano (Monduli), who sought to know the government's plans to address unemployment among graduates.

Dr Nchemba revealed that the government is finalising legislation that will formally recognise university and professional certificates as acceptable collateral for l...