National debt fell by over Sh1tr in July: BoT

The Bank of Tanzania (BoT).

What you need to know:

  • Tanzania has a wide room for further borrowing, thanks to a steady drop in the national debt. The country’s national external debt declined by $619.4 million (Sh1.3 trillion) in July in a month on month basis, the Bank of Tanzania (BoT) reported, thanks to a weak US Dollar and debt repayment.