The Tanzanian Central Bank on Friday sent out a circular warning banks without local primary data centers, that they have a deadline of 3 months to set one up or face large fines – this comes at a time when the bank has a mandate by President John Magufuli to take action against failing financial institutions. Ivan Tarimo, founding Partner of Bankable Tanzania joins CNBC Africa for more.
Tanzania urges banks to set up data centres or face fines
PUBLISHED: Mon, 26 Aug 2019 10:08:37 GMT