How local companies lose bids on high interest rates
Students, lecturers and private sector stakeholders attend a lecture on Tanzania’s Vision 2050. The lecture took place in Mzumbe University, Mbeya Campus. PHOTO | THE CITIZEN CORRESPONDENT
Mbeya. Local firms continue to lose major tenders to foreign investors, particularly Chinese companies, because of crippling borrowing costs, it has been revealed.
The stark reality of the capital cost gap was laid bare over the weekend during a high-profile public lecture at the Mzumbe University Mbeya Campus College (MCC).
