Tanzania, May 13 -- Dar es Salaam. The Tanzanian government has been urged to establish dedicated financial institutions and mechanisms under the Ministry of Finance to provide affordable credit tailored for micro, small, and medium enterprises (MSMEs) to address the country's unemployment crisis today.

This urgent call follows researchers identifying MSMEs as a pivotal driver of economic development, contributing about 35 percent to gross domestic product (GDP) and employing an estimated 5.2 million people in the Tanzanian economy.

Beyond direct employment, which accounts for about 40 percent of the total workforce, the study identifies a significant multiplier effect in the economy, where every direct job created by a small business g...