Tanzania Tights Banking Regulations
The Bank of Tanzania (BoT) has revoked a number of bureaux de change licenses as a warning that it is willing to use its power to supervise banking and financial institutions in Tanzania. This has resulted in banks taking much-needed measures in order to meet the requirements set out by the BoT, as well as obtaining and enhancing other services. President Samia Suluhu Hassan comes out as firmly pro-business and foreign investment and highlights helium, nickel, and gold as sectors where she aims to smooth the investment process and encourage growth.
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