COMMERCIAL LOANS: Why agric takes lion share

 

COMMERCIAL LOANS: Why agric takes lion share

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.

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