In 2015, the Microinsurance Landscape Survey conducted by the FSDT and the Technical Working Group showed that microinsurance products are covering 4.5 million people, 18% of the adult population. This cover is provided by 6 active insurance companies, one fewer than in 2014. The total gross written premiums (GWP) for all microinsurance products was USD
The National Financial Education Framework (N-FEF) is aimed at improving the levels of financial capability of the Tanzania population, so that individuals are better equipped to act with confidence in making optimal choices in the management of their personal financial matters. Financial education is the broad term reflecting all activities aimed at transferring knowledge and skills, and influencing financial behaviour.
African countries are faced with the challenge of building competitive economies while also working to reduce poverty and food insecurity among their populations. For many of these countries, Tanzania included, the experience has been that while the economy has begun to grow consistently, the benefits do not trickle down to most of the population. To address this problem, governments […]
The Bank of Tanzania (BOT) in collaboration with the Financial Sector Deepening Trust (FSDT) conducted the IFGs assessment in Tanzania in order to gain deeper insights into their evolution, nature, characteristics, management and operational features.
Implementing a large, national survey such as FinScope is always the work of many people and
organizations. FSDT is most appreciative of the work done by The National Bureau of Statistics,
led by Dr Albina Chuwa, and in particular the guidance and other essential statistical inputs from
Mr. Ahmed Makbel and Ms Sylvia Meku. The Office of the Chief Government Statistician on Zanzibar
was also essential in ensuring successful implementation of the survey there.
This focus note presents the highlights of the 2012 Tanzania Access to Insurance Diagnostic – a joint project between Tanzania Insurance Regulatory Authority (TIRA), Financial Sector Deepening Trust (FSDT) Tanzania and FinMark Trust, and applying the methodology of the Access to Insurance Initiative.
The Financial Sector Deepening Trust (FSDT) has completed the second round of the GIS Census of Financial
Access Points in Tanzania. This census maps and shows the proximity of basic cash in and cash out points
to where people live and transact. The availability of points where one can exchange cash for transferable or
storable electronic value is a key driver of financial access.
This report of the first nationally representative baseline survey of micro, small, and medium
enterprises (MSMEs) in Tanzania includes a discussion of the survey design and development,
an exposition of the data collected from owners of both currently operating and recently closed
enterprises, an estimate of the contribution of MSMEs to Tanzania’s GDP, and an example of the use
of the data for segmentation and more detailed characterization of MSMEs.
It is commonly accepted that poor people find value in remote digital payments propositions. A large number of Tanzanians have flocked to emerging mobile payment solutions, whether it is to send money home, facilitate informal business transactions, pay for bills, or buy pre-paid electricity. This has created tantalizing prospects for such solutions to be the spearhead for financial inclusion in a massive scale.
The overall aim of the Financial Sector Deepening Trust is to support the development of a deeper
financial system that can provide greater access to finance to more Tanzanians.