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.

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