Day: November 12, 2021

Tanzania will borrow at least $2.34 billion from foreign lenders to finance its proposed 2022/2023 budget of $17.1 billion, a plan that risks sliding the East African nation into the red zone of countries with a heavy burden of public debt. According to Finance Minster Mwigulu Nchemba, 7.7% ($1.32 billion) of next financial year’s budget…