In the year ending January this year, 47.4 per cent of the loans went to agriculture according to the Bank of Tanzania (BoT) monthly economic review, which was slightly higher than a quarter of the country’s budget of 41.48tri/- for this financial year.
Agricultural sector attracted over 12tri/- out of the total stock of credit extended to the private sector of around
27tri/- in the year ending January, 2023.
