Concerns Over High Borrowing Costs for Farmers in Tanzania

TLDR

• By Charles Mkoka LINDI, Tanzania — The Bank of Tanzania (BoT) says it will strengthen oversight of concessional agricultural lending after concerns were raised that low-cost financing intended for farmers is not always.
• When concerns were raised that many farmers continue to face borrowing costs above the government's target of single-digit interest rates, BoT officials acknowledged that similar complaints had been received from.