Twaweza.org

Debt per Tanzanian is Sh 332,000: study

Dar es Salaam. Tanzania’s net debt par capita is Sh332,000, a non-governmental organisation says.Uwazi-Twaweza noted in its analysis that Sh264,354 of the total debt was owed to foreign lenders.

The NGO’s managing director Rakesh Rajani said in a statement at the weekend in Dar es Salaam that although Tanzania had qualified for more external borrowing that should made with utmost care.

“It is not evident that in the future lenders would be prepared to take us through another round of debt relief. Beyond that national pride should prevent Tanzania from having to ask lenders again for debt forgiveness,” warned the statement. More on this report click here.

Read more: Rakesh Rajani

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