Local Debt Unhealthy For Tanzanian Economy

The government has been urged to avoid borrowing from local banks that charge high interest rates and demand payment in a short period.

Tanzania Currency: Government cautioned against borrowing from local commercial banks.

  • Tanzania:   External Debt Surges By Sh43 Billion

    Daily News, 24 December 2012

    TANZANIA'S external debt stock increased to 10.5 billion US dollars, an increase of 27.1 million US dollars in the period ending October this year compared to an addition of 456.1… Read more »

  • Tanzania:   No Panic As Local Debt Hits Sh20 Trillion

    Daily News, 27 December 2012

    THE national debt exceeded 20trillion at the end of October this year but Finance Minister Dr William Mgimwa says there is no reason to panic since the bigger portion of the money… Read more »

  • Tanzania:   Inflation Drops Slightly

    EA Business, 27 December 2012

    Tanzania inflation has slightly dropped to 12.1% as of November from 12.9% that was recorded in October the previous month due to the decline in food prices and energy costs. Read more »

  • Tanzania:   Zanzibar Current Account in Deficit

    Daily News, 26 December 2012

    ZANZIBAR current account recorded a deficit of 46.9 million US dollars (about 75.04bn/-), compared to a deficit of 30 million US dollars (48bn/-) registered in the corresponding… Read more »

  • Tanzania:   Current Account Deficit Widens

    Daily News, 21 December 2012

    THE current account deficit widened to 3,842.9 million US dollars (about 6.15tr/-) from 3,397.8 million US dollars (about 5.44tr/-) recorded in the corresponding period in 2011,… Read more »


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