Survey: Tanzania loan rates too high

In Summary

• In its October 2018 consensus forecast report for Sub Saharan Africa, FocusEconomics, has said Tanzania’s interest rates are currently at 16.30 per cent, higher than the SSA regional rate of 10.63 per cent.

By Mnaku Mbani @mnaku28 mmbani@tz.nationmedia.com.

Tanzania has been ranked as the second Sub-Saharan African country with the highest interest rates on loans, the US economic research organisation, FocusEconomics has said.