Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Tanzania’s private-sector credit continues to grow at over 20 percent annually. However, analysts caution that the dominance of personal loans highlights a growth model that relies heavily on consumption rather than investment. While this approach offers short-term benefits, it raises longer-term concerns.
According to the Bank of Tanzania (BoT), the stock of private sector credit was estimated at Sh43.42 trillion at the end of December 2025, which is more than 21 percent of the country's gross domestic product (GDP).
