Tanzania’s central bank has been taking a range of measures to stabilize the banking industry, including merging small banks which have woefully inadequate capital bases. The ratio of non-performing loans as a percentage of total private sector debt in Tanzania stood at 9.36% in March. While that’s over 100 basis points lower on a year-on-year basis, it’s still nearly twice the BoT’s target of 5%.
For more on his, CGTN spoke to Ivan Tarimo, co-founder & partner, Bankable, Tanzania.
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