The State of the Fintech Policy and Regulatory Environment in Tanzania

This report focuses on the policy and regulatory enabling environment landscape in Tanzania as it relates to fintech, e-commerce, and funding. It highlights recent regulatory developments in both Tanzania and Zanzibar over the past five years that have contributed to fintech growth. It also identifies gaps in existing legal and regulatory frameworks along with opportunities for further development. The report aims to outline a pathway for Tanzania to unlock new business models and economic opportunities presented by fintechs, while ensuring robust risk management and mitigation measures are in place.

Tanzania’s fintech sub-sector can currently be divided into five sub-segments, which include: i) payments and remittance, ii) credit and lending, iii) accounts and savings, iv) investment facilitation, and v) insurance. The report also explores the performance of e-commerce companies in Tanzania, which operate closely with fintechs and are governed by similar regulations.

Lastly, this report examines the current funding landscape for fintech start-ups in Tanzania and opportunities to unlock further investment in the sector.