Private sector pushes for single-digit interest rates to drive Tanzania $1 trillion vision
Minister of State in the President’s Office (Planning and Investment), Prof Kitila Mkumbo, speaks on Wednesday, April 15, 2026, in Dodoma during a high-level meeting between government officials and private sector leaders aimed at strengthening collaboration under the national Vision 2050 agenda. The private sector has called for bank lending rates to be lowered to single digits, arguing that affordable credit is critical to unlocking the country’s ambition of becoming a $1 trillion economy by 2050. PHOTO | KATARE MBASHIRU
