Even if private sector credit is low, it's low from Kenya's perspective... But when you start to use Tz as a baseline, that's when you become a comedian....
Domestic credit to private sector (% of GDP) | Data
Deapite the huge domestic debts taken by GoK, credit from local financial institutions to private sector represents roughly 33% of GDP of Kenya. This is still low compared to the recommended % ...
But in Tz credit to private sector is a mere 15% of GDP... So Kenya's credit is actually more than double that of Tz %-wise, considering that Kenya GDP is like 30% bigger than Tz, the actual $ value of credit to private sector could actually be 3 times bigger than Tz
Therefore whatever you are trying to insinuate is worse in Tz than it is in KE even despite Kenya's huge borrowing!
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Mind you, Tz borrows way more externally than internally and still private sector gets Nada! Goes to show how small their banks are