Heavily loaded

More than 98 per cent of Zanzibar’s development budget is foreign aid.According to the Bank of Tanzania (BoT) economic review for last month, 98.1 per cent on the money for financing development projects in November 2013 was foreign aid.

IPPmedia
'Most govt projects still heavily dependent on borrowing'
IPPmedia
Borrowing remains the government's central funding option to finance development projects, Finance Deputy Minister Adam Malima said yesterday. Addressing the National Assembly in Dodoma, the deputy minister said the government will not stop ...
State borrowing will continue - MalimaDaily News

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Enterprising individuals see opportunities where the rest of us don’t. These are individuals who don’t just work hard and make money, they also—and mostly—create opportunities for others to work and earn money too. They know you don’t have to be a teacher to establish a school.

Heavy dependency on development partners by the East African Community (EAC) budget was once again witnessed on Tuesday as 95 per cent of its supplementary budget for 2014/2015 passed by the regional Assembly is to be sourced from donors.

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