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BoT loan scheme propels agriculture sector growth
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BoT loan scheme propels agriculture sector growth
DODOMA: The Bank of Tanzania’s (BoT) decision to introduce a special 1tri/- loan facility for banks and other financial institutions for on-lending at only 3 per cent per annum in 2021 has stimulated growth in the agricultural sector from 2.3 percent to approximately 14 percent, a latest report indicates. In 2021, the lender of last resort unveiled policy measures to promote credit to the private sector and lower interest rates, with the aim of …
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