Bank of Tanzania moves to rein in digital lenders

Bank of Tanzania headquarters. PHOTO | FILE

By  Rosemary Mirondo

Business Reporter

Mwananchi Communications Ltd

What you need to know:

  • Noncompliance by digital lenders may result in administrative sanctions, including penalties, suspension of digital lending activities, and the potential revocation of microfinance Tier 2 licenses

Related

Latest

  1. VP gets successor at Energy docket as former TRC boss gets ministerial post

  2. Yanga, Simba share scoring burden as fierce derby looms

  3. Joel Lwaga’s Diamond collaboration sparks gospel debate

  4. Kenyans shine at CEOs Luxury Retreat golf tournament

  5. El Niño continues to strengthen, set to peak in Tanzania in November and December

  6. Finland lessons reshape Tanzania’s startup and digital innovation agenda

In the headlines

View All