Kikwete decries high interest rates

The request by the Parliamentary Committee on Economy, Industry and Trade to the Bank of Tanzania (BoT) to lower Treasury Bill rates to encourage a similar move by commercial banks on interest rates on loans should be hailed.

The African country's central bank has pushed up interest rates from 12.5% to 15.5% in an effort to curb soaring inflation.

The fact that lenders are behind the failure of many start-up businesses should raise the red flag. Basically, lenders are meant to supplement the growth efforts of small-scale enterprises.

Fed slashes interest rates to near zero to prop up economy during coronavirus pandemic  CBS NewsView Full coverage on Google News

Combating Tanzania's High Child Marriage Rates
AllAfrica.com
Dar es Salaam, Tanzania — Happiness Rhobi, in the Mara Region of Tanzania, was 12 years old when her parents decided she was old enough to be married. They pulled her from school, planned to have her undergo female genital mutilation (FGM) and ...

High interest rates that local commercial banks impose on borrowers were yesterday blamed for the central bank’s move to increase Treasury Bill rates.

The United Nations Office on Drugs and Crime (UNODC) and Voluntary Service Overseas (VSO) have launched a joint Regional Programme entitled: Promoting Human Rights and Access to Health Services in Prisons in Southern Africa.

Tanzania’s tax rates are among the highest in East Africa. The situation that puts the country at a disadvantageous position in terms of revenue payment, a new report says.

Open Democracy
Kikwete's Administration Scores High On Gender Equality
AllAfrica.com
TANZANIA is acknowledged for its commitment to amend the remaining discriminatory laws that hamper gender equality. The law of marriage and property and inheritance rights and the country's commitment to implement the principle of 50/50 is a bold step ...
Missed opportunities: gender and the UN's peacebuilding reportsOpen Democracy
Turn words into action involving women for lasting peaceDevex
Action needed to...