Financial sector stability, growth impresses government as banks urged to widen access

By The Citizen Reporter

Media/news company

Mwananchi Communications Limited

Arusha. The government has hailed the continued growth and resilience of Tanzania’s financial sector, while calling on banks and financial institutions to expand access to formal banking services for millions of Tanzanians still excluded from the system.

Speaking during the Shareholders Investment Day organised by CRDB Bank Plc at the Arusha International Conference Centre on May 15, Finance Minister Khamis Mussa Omar said the country’s financial sector has continued to record impressive growth driven by reforms, innovation and increasing investor confidence.