Displaying items by tag: Financial

Tanzania is undergoing different economical and financial tends as the country, one which are effects of several adjustment of the national economic situation. These trends and adjustments do not only concern the government alone, it extends further to various sectors that are reliable to the contribution of the national economic growth. The said means different institutions are part and parcel of these adjustments as they either affect or are affected by the economic structure of the country.

When we think of the future, we hope a future of progress. The progress that can take one of two forms. Horizontal or extensive progress means copying things that work from lower to higher. Horizontal progress is easy to imagine because we already know what it looks like. Vertical or intensive progress means doing new things, that is; going from nothing to something (0 to 1).

The financial sector in Tanzania has faced the major transitions that pushed the change in operations. Financial activities today are not as they used to be before, amongst many reasons one of the biggest and crucial component is emergency of the so called financial technology or as famously known as Fintech.

Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered responsibly and sustainably. Financial inclusion is defined as the availability and equality of opportunities to access financial services.