Tag: bankable tanzania

Here’s what’s behind Tanzania’s positive growth outlook amidst COVID-19

Earlier this month Tanzania attained lower-middle income status from low income, five years early. Since then, the African Development Bank Group has predicted the country will be registering the highest economic growth in the region for 2020, while some countries are projected to decline into recession due to the crisis. CNBC Africa spoke to Ivan Tarimo, Partner at Bankable Tanzania on the main attributions to Tanzania’s promising outlook.

Tanzania urges banks to set up data centres or face fines

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.

Is Tanzania over-banked?

Tanzania’s banking sector has over 50 banks in operation, making competition stiff. Since 2015, some of them have been closed while others are forced to merge. Lawrence Mafuru, Managing Partner of Bankable Tanzania joins CNBC Africa for more.

Business reacts to Tanzania’s 2019 budget

Last year Tanzania passed a $14.2 billion budget with the theme, “To build an industrial economy that will stimulate employment and sustainable social welfare.” This year, the recently tabled budget is to the tune of $14.3 billion, CNBC Africa spoke to Lawrence Mafuru, Managing Partner at Bankable Tanzania for more.

Tanzanian budget expectations for 2019/2020

East African countries Rwanda, Uganda, Kenya and Tanzania are today reading their 2019/2020 budgets to their respective countries. Last year Tanzania passed a $14.2 billion budget with the theme, “to build an industrial economy that will stimulate employment and sustainable social welfare.” Lawrence Mafuru, Managing Partner at Bankable Tanzania joins CNBC Africa for more on this year’s budget expectations.
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