In Tanzania, investment Act on baking sector is based on Tanzania Investment Act of 1997 and Banking and Financial institutions act of 2006. The Acts are enforced by Tanzania Investment Center (TIC) and Bank of Tanzania (BOT) respectively. TIC acts as a primary agency for the Government to coordinate, encourage, promote and facilitate investment. The center advices the government on investment policies and other related matters. TIC assist banking investors to obtain all necessary permits, licenses approvals, authorization and registration. Bank of Tanzania (BOT) with the authority given by the government under Banking and Financial Act 2006 is responsible in regulating activities of all types of banks in Tanzania. Bank Of Tanzania (BOT), headquarters in Dar es Salaam Banking and financial Act includes regulations that necessary are required to be followed by banks and financial institutions, failure to comply with regulations may lead to revoke of license. The regula...
Blog: Purposely, created by an Economist and Trade Expert to make empirical analysis and discussion on different economic matters affecting Tanzania, Africa and the World in general. Angela Mpema has Master of Science in International Trade Policy and Trade Law, and She holds Bachelor degree in Economics.