Across Africa, millions of people use and trust savings groups and other informal savings mechanisms (ISMs). They provide financial services that formal financial services providers (FSPs) often can’t. Savings at the Frontier (SatF) is a multi-year partnership between Mastercard Foundation and Oxford Policy Management to help FSPs find ways to link with ISMs, benefitting both […]
Financial Sector Deepening Trust (FSDT) driving the financial inclusion agenda through digital innovation
Digital financial services have had a remarkable impact on financial inclusion in Tanzania. Since its inception in 2008, mobile money usage has grown to 17m active users, enabling millions of previously unbanked Tanzanians to have convenient, affordable access to payment services.
Bill Gates in Dar es Salaam this week to support financial inclusion and the future of digital financial services in Tanzania
This week, Bill Gates was in Dar es Salaam to support Tanzania’s financial inclusion agenda, among other BMGF projects. Joining leaders from government, financial service providers, mobile network operators and digital financial service providers, he took part in roundtable discussions to explore the potential contribution of digital financial services in improving livelihoods and enterprise productivity across the country.
The Financial Sector Deepening, Tanzania’s (FSDT) Head of Agriculture and Rural Finance, Mwombeki Baregu is a speaker at the third Annual Agricultural Policy Conference (AAPC) which takes place from 1st to 3rd March 2017 in Dar es Salaam. The theme for the 3rd AAPC will be “The role of agri-food systems in promoting Industrialization […]
During the Nanenane Fair 2016, in Mbeya, FSDT facilitated financial service providers to combine insights from research on financial inclusion and transactions of smallholder farmers, with interactions and discussions with smallholder farmers, in Mbeya.
Innovative digital technologies play a key role in advancing financial inclusion worldwide, and the rapid growth of ‘mobile money’ is an entry point for providing broader financial services to many low-income families. These opportunities and the new regulatory challenges were the theme of the Third GPFI/FSI Conference on Standard-Setting Bodies and Innovative Financial Inclusion, held […]
15th-17th November 2016, Colombo, Sri lanka Overview The Microinsurance sector has experienced persistent growth in client outreach and premium volumes over the past ten years. Today, more than 260 million low-income citizens in developing countries are covered by an insurance policy. Nonetheless, many people are still without cover. With the global middle class expected to […]
Hundreds of insurance stakeholders in the lake zone attend FSDT regional business case sessions launch in Mwanza
One of the steps that FSDT had taken to increase access to insurance is the recently announced Bima challenge, a micro-insurance funding campaign in order to accelerate the development of the micro-insurance sector in Tanzania, with a primary focus on the low-income market segment.
Richard Kazimoto, an IT expert in Dar es Salaam-Tanzania, vividly remembers a recent ugly scene in Dar es salaam streets when a director at a Telecom company was gunned down in day light by robbers.