Zambia raises interest rates to 15.5%

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.

High interest rates charged by financial institutions, specifically banks, have been a hindrance to business growth and expansion in the country, the President has said.

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

Balozi wa Tanzania nchini Zambia,Mhe Balozi Grace Mujuma tarehe 2 Julai hadi 6 Julai 2014 alifanya ziara ya kikazi ya siku nne jimbo la Copperbelt mji wa Ndola. Katika ziara hiyo, Mhe Balozi aliambatana na Afisa Ubalozi Richard M. Lupembe. Sambamba na ziara hiyo, tarehe 6 Julai 2014 Mhe Balozi alikutana na kufanya mkutano na Watanzania ambao ni wajasiriamali wadogo wadogo wanaoishi Mjini Ndola Zambia.
Katika mkutano huo, Watanzania walikuwa na mengi ya kumweleza Mhe Balozi kupitia risala...

Dar es Salaam. Tanzania’s interbank rates – the lending rates at which commercial banks borrow from each other - increased significantly on Tuesday as the shortage of cash in circulation afflicts banks.

Nine days ago, Tanzania marked 53 years of political ‘Independence’ for what had until December 9, 1961 been under alien rule as ‘Tanganyika Territory.’ The country then became ‘Tanganyika’ until December 9, 1962, when it became a Republic within the (British) Commonwealth.

Elephants have enhanced defences against cancer that can prevent tumours forming, say scientists.

Ivory Coast coach Herve Renard says his team cannot rely only on Wilfried Bony and Yaya Toure at the Nations Cup.