TCRA: Banks to benefit by two new laws

Commercial banks in Tanzania are expecting to benefit from ongoing discoveries of natural gas.

Deputy Governor, Bank of Tanzania, Financial Stability and Access, Lila Mkilla delivering a key note address to invited dignitaries during the launching of GIS Census of Financial Access Points 2013 at the Central Bank Conference Centre in Dar es Salaam.(All Photos by Zainul Mzige).

.Over 12 million Tanzanians are now using mobile financial services- Survey

By Damas Makangale, MOblog Tanzania

THE National Financial Inclusion Framework (FINSCOPE) 2013 has shown that more than half of the...

It is hard to push the growth of e-commerce in Africa especially when the key element, which is internet access, is still a problem. There are many factors holding back the development of e-commerce and online business in Africa including the need a much more developed financial infrastructure.

The chart below shows internet penetration % worldwide. Notice how it is very low in most of Africa.

According to Ndekia S. Maghimbi, who deals with Marketing  & Partnerships at Kaymu Tanzania, “If...

Maria Ramos, Chief Executive, Barclays Africa Group
JOHANNESBURG-headquartered Barclays Africa Group has said it will continue controlling two competing independent banks in Tanzania for the foreseeable future, raising questions about the efficiency and cost of running two banks in one country. The arrangement in Tanzania also raises questions about Barclays’ "One Bank in Africa strategy". Barclays Africa Group, which is headed by Maria Ramos, owns a majority stake in National Bank of...

Europe’s battered financial sector is showing furtherfinancial sector is showing further signs of mending and banks are increasingly competing for custom by lowering credit standards, a key European Central Bank survey showed yesterday.

One cannot define a noun by its adjective. Only the dictionary approach explains fairness as “the quality of being fair.”

Tanzania Mortgage Refinance Company Limited (TMRC) - a private sector institution owned by the banks with sole purpose of supporting banks to do mortgage lending - has extended Sh34 billion worth of loans to its members during the past three years.

With innovation most banks are likely to grow and be able to increase their capital base to enhance stability

The success of the East African Community (EAC) will depend on how the bloc is benefiting the ordinary citizens and how member countries resolved their differences, President Jakaya Kikwete said in Bujumbura on Thursday.