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United Republic of Tanzania  
  • Mwl. Julius K. Nyerere
  • Sheikh Abeid Amani Karume
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The Financial Sector operation in Tanzania comprises banking and non-banking institutions operating under the guidance of the Banking and Financial Institutions Act of 1991. Banking institutions are closely monitored and regulated by the Bank of Tanzania. The sector is largely private owned by local and foreign investors. Under the Act, banks are free to determine the level of interest rates based on market forces This section provide details about financial services that includes: Bank registration, insurance, financial markets and training institutions.

Currently, there is a positive trend in lending to SMEs that is producing greater confidence in their growth potential among financial institutions and more generally, in the economy as well, which is generating a positive spiral. The government is also introducing new laws that are expected to enhance lending activities. For more details visit Ministry of Finance and Bank of Tanzania.

Source: Government Portal Content Committee, Last Reviewed on : 2015-11-26 09:07:04
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