Tag: bank of tanzania
According to a Moody's report, measures taken by Tanzania's Central Bank will support the market-funded banks in meeting their funding and liquidity needs amid the Covid-19 pandemic. However, these measures are not enough to prevent a decline in bank asset quality. Peter Mushangwe, Banking Analyst at Moody’s joins CNBC Africa for more.
About 40 per cent of Tanzanians are still excluded from the financial system. To tackle the demand and supply-side constraints, Bank of Tanzania and the International Finance Corporation today launched a Credit Reporting Awareness and Financial Literacy Campaign. To explore more on credit reporting and why it matters for Tanzanians CNBC Africa is joined by Nkanwa Magina, Credit Reference Operations Manager, Bank of Tanzania.
Understanding Tanzania's banking regulation landscape
Tanzania's current account deficit halved in the year to April, helped by a decline in imports and surging tourism and gold export earnings, the central bank said on Tuesday. The trade gap narrowed...