Bankers’ Body Moves to Boost Financial Inclusion

Source: The Citizen

The Tanzania Bankers Association (TBA) has formed a dedicated research platform to explore how the banking sector can increase the number of Tanzanians accessing formal financial services, in line with the country’s Vision 2050 agenda. The initiative comes at a time when data from the Bank of Tanzania (BoT) and Finscope shows that only 22 percent of Tanzanians currently use banking services, underscoring the need for greater financial inclusion.

Speaking at the launch yesterday, TBA chairman Mr Theobald Sabi underscored the significance of the new platform, noting that it had been introduced soon after the unveiling of Vision 2050.