In 2024, loans to the private sector grew by 12.4 percent, reflecting the strengthening of relations between the financial and productive sectors, according to the Minister of Planning and Investment, Prof. Kitila Mkumbo. He added that the agricultural sector has led in receiving the largest share of these loans, accounting for 41 percent of all loans to the private sector. These results, according to the Minister, are an indicator of the positive trend of economic growth, and demonstrate how the Government has planned to strengthen a friendly environment for local and foreign investors, especially through sound fiscal policies and development plans. ✍ @claud_jm #AzamTVUpdates

mizozovisanamikasa

In 2024, loans to the private sector grew by 12.4 percent, reflecting the strengthening of relations between the financial sector and the productive sectors, according to the Minister of Planning and Investment, Prof. Kitila Mkumbo.

He added that the agricultural sector has led in receiving the largest share of these loans, accounting for 41 percent of all loans to the private sector.

These results, according to the Minister, are an indicator of the positive trend of economic growth, and demonstrate how the Government has planned to strengthen a friendly environment for local and foreign investors, especially through sound fiscal policies and development plans.

✍ @claud_jm
#AzamTVUpdates

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