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Issue 00536 |
September 20 - 26, 2008 |
issn 0856 - 9135 |
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Local News |
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High interest rates setback to education development By Edward Selasini
High interest rates charged by banks in the
country are obstructing private schools to apply for development loans.
It is claimed that such schools are for commercial gains rather than
social services. The remarks were made by the Administrator of Trust St. Patrick Schools, Mrs. Dinah Patrick during the Sixth Graduation Ceremony held on Saturday, September 13, this year at the School grounds in Arumeru District. Mrs. Patrick asked the Government to consider the responsibility taken by private schools in educating Tanzanians. She said the schools are operating in hardships through bank loans which have high interest rates. She added that high prices of commodities were also causing difficulties in running of schools creating a situation whereby school fees are not enough to offset costs. In response, the guest of honour, Arumeru District Commissioner, Mr. Elias Wawa Lali said that the Government recognizes and honours the academic efforts and contribution of private schools. Trust St. Patrick is an English medium school has enrolled more than 900 students from Tanzania, Kenya, Uganda, Rwanda and Burundi.
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