{"id":108087,"date":"2024-04-03T21:49:52","date_gmt":"2024-04-03T21:49:52","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector"},"modified":"2024-04-03T22:00:15","modified_gmt":"2024-04-03T22:00:15","slug":"private-sector-owns-70pc-of-financial-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector","title":{"rendered":"Private sector owns 70pc of financial sector"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>DAR ES SALAAM:<\/b> BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial sector in the country is owned by the private sector, thanks to the friendly business and economic environment put by the government.<\/p>\n

He attributed the private sector\u2019s role in the financial sector to the enabling environment created by the sixth phase government under President Samia Suluhu Hassan.<\/p>\n

The Central Bank Governor said under President Samia, the financial sector has played a pivotal role in fostering economic growth and stability in the country.<\/p>\n

\u201cThe country\u2019s economy is currently run by the private sector due to conducive economic and business environment put by the government,\u201d said Mr Tutuba during the launch of the Scholar Banking Challenge organised by Tanzania Institute of Bankers (TIOB).<\/p>\n

He said the country\u2019s financial sector has continued to be stable, with sufficient capital and liquidity and therefore operating profitably.<\/p>\n

For example, the banking sector generated a profit of approximately 412.8bn\/- with total assets reaching 54.3tri\/- for the quarter ending December last year.<\/p>\n

He added that many private banks are doing well and due to that, they can raise capital and issue loans without difficulties, which indicates the government\u2019s effort to ensure a friendly economic environment.<\/p>\n

During the period under review, the rate of non-performing loans (NPLs) decreased to 4.3 per cent from 8 per cent in the corresponding period in 2022.<\/p>\n

The operating environment, regulated by the BoT, has been supportive for banks and financial institutions to post outstanding performance during the period.<\/p>\n

The sustained growth of the banking sector and the sector\u2019s ability to contribute to the country\u2019s economic growth is of paramount importance.<\/p>\n

Speaking about the programme, Governor Tutuba who is also the TIOB\u2019s Chairman said the launch of the challenge is a fulfilment of the board\u2019s directives to the TIOB management to find a way of enhancing capacity building on financial issues to the youth in colleges.<\/p>\n

\u201cI instructed TIOB to find an easy way to reach students in colleges pursuing financial courses and I am happy to see that you have started taking action,\u201d said Mr Tutuba.<\/p>\n

On his part, TIOB\u2019s Executive Director, Mr Patrick Mususa said the objective of the challenge is to increase awareness on financial issues by using best practices and also run a commercial institution professionally.<\/p>\n

The competition which targets 2,000 students participants is expected to run for three months.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. DAR ES SALAAM: BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial sector in the country is owned by the private sector, thanks to the friendly business and economic environment put by the government. He attributed the private sector\u2019s role in the financial sector to […]<\/p>\n","protected":false},"author":84,"featured_media":108085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-108087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nPrivate sector owns 70pc of financial sector - Tanzania<\/title>\n<meta name=\"description\" content=\"DAR ES SALAAM: BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private sector owns 70pc of financial sector\" \/>\n<meta property=\"og:description\" content=\"DAR ES SALAAM: BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-03T21:49:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T22:00:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"508\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Private sector owns 70pc of financial sector\",\"datePublished\":\"2024-04-03T21:49:52+00:00\",\"dateModified\":\"2024-04-03T22:00:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector\"},\"wordCount\":424,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector\",\"name\":\"Private sector owns 70pc of financial sector - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg\",\"datePublished\":\"2024-04-03T21:49:52+00:00\",\"dateModified\":\"2024-04-03T22:00:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"DAR ES SALAAM: BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg\",\"width\":720,\"height\":508,\"caption\":\"Private sector owns 70pc of financial sector\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Private sector owns 70pc of financial sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Private sector owns 70pc of financial sector - Tanzania","description":"DAR ES SALAAM: BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector","og_locale":"en_US","og_type":"article","og_title":"Private sector owns 70pc of financial sector","og_description":"DAR ES SALAAM: BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial ...","og_url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-04-03T21:49:52+00:00","article_modified_time":"2024-04-03T22:00:15+00:00","og_image":[{"width":720,"height":508,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Private sector owns 70pc of financial sector","datePublished":"2024-04-03T21:49:52+00:00","dateModified":"2024-04-03T22:00:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector"},"wordCount":424,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg","keywords":["Africa Press","Africa Press-Tanzania","tanzania"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector","url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector","name":"Private sector owns 70pc of financial sector - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg","datePublished":"2024-04-03T21:49:52+00:00","dateModified":"2024-04-03T22:00:15+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"DAR ES SALAAM: BANK of Tanzania (BoT) Governor, Emmanuel Tutuba yesterday said that 70 per cent of the financial ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165307.982852.jpg","width":720,"height":508,"caption":"Private sector owns 70pc of financial sector"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/private-sector-owns-70pc-of-financial-sector#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"Private sector owns 70pc of financial sector"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/108087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=108087"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/108087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/108085"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=108087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=108087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=108087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}