dailynews.co.tz·2 min read·medium
Loan defaulters risk losing fishing boats, warns Zanzibar official
M
Mariam Said
✦AI Summary
Zanzibar authorities have warned that fishing boats provided through government empowerment schemes will be repossessed if beneficiaries fail to repay their loans. Officials emphasized that these loans are not grants and that repayment is essential to sustain the revolving fund for future entrepreneurs.
ZANZIBAR: ZANZIBAR authorities will repossess fishing boats from loan defaulters who fail to clear their debts under government empowerment schemes, a senior regional official has warned.
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