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From The CITIZEN Tanzanians and companies offering credits without been licensed by the Bank of Tanzania (BoT) may face up to five years imprisonment and a fine up to Sh100 million or both. https://www.thecitizen.co.tz/News/-New-Bill-seeks-to-tighten-the-noose-on-loan-sharks/1840340-4847600-whkotvz/index.html
Microfinance institutions in Tanzania apex body has opened a new chapter in Mwanza, upping the stakes in the sector, which is increasingly being recognised as vital for poverty reduction.
Tanzania Association of Microfinance Institutions (TAMFI) Executive Secretary, Ms Winnie Terry said in a press statement released yesterday, that office bearers have already been elected for the chapter. She said it was a new beginning for the Lake Zone microfinance Industry in developing a well-organised and responsible microfinance sector which was vital for greater and […]