Tanzania Hits $36 Billion Debt | Business Edge with Tolulope Adeleru -Balogun

Tanzania Hits $36 Billion Debt | Business Edge with Tolulope Adeleru -Balogun

Tanzania’s debt is now $36 billion. And it has stirred some issues in the East African nation., that led to the resignation of the speaker of parliament. But the nation's Apex has said that countries debt to GDP ratio can accommodate up to 70 percent and about 20 percent has been borrowed at the end of 2020. Is Tanzania’s borrowing sustainable?