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Total domestic credit, which comprised of credit extended to the private sector and central government by the banking system, grew at an annual rate of 22.6 percent in July 2022, compared with 8.9 percent in July 2021, Bank of Tanzania (BoT) has reported. ....
Tanzania’s financial sector has got a new entrant in the market, after the Bank of Tanzania (BoT) granted a license to Pesapal Tanzania to operate in the local digital financial services space, as a payment systems provider (PSP). ....
MANUFACTURING is becoming an important sector stimulating the recovery of the Zanzibar economy, after dominant tourism sector being hit by the impact of Covid-19 pandemic. ....
PRESIDENT Samia Suluhu Hassan has appealed to commercial banks to reduce interest rates charged in lending to farmers not to cross nine per cent, for the agriculture sector to obtain more investments and increase productivity. ....