Financial Sector Deepening Trust Tanzania welcomes £15m commitment from UK aid to initiate new phase of financial sector development.
Commitment comes as part of ambitious £320m UK aid package for strengthening Africa’s financial markets, to boost economic growth and reduce poverty at scale. 20 January 2020, London: The Financial Sector Deepening Trust (FSDT) Tanzania today welcomes a £15m commitment from UK Aid, part of a £320m package that will initiate an ambitious new phase […]
Financial inclusion, as defined by the World Bank, is when “individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way” (World Bank, 2017).
Vijana huchukuliwa kuwa ni soko gumu la kuhudumia kwa maana ya kutoa huduma za fedha, kwani wengi wao hawana Vitambulisho vinavyoweza kukidhi matakwa ya “Mjue Mteja Wako”, pengine hii inatokana na kiwango cha chini cha miamala inayosababishwa na viwangovyao vidogo vya ushiriki kiuchumi, hivyo kutokuwepo kwa faida zilizo dhahiri za uwekezaji kwa watoa huduma wengi.
They are considered a diffcult market to serve in terms of financial service provision, as many do not have sufficient ID to fulfil Know-Your-Customer requirements requirements, presumably low transaction volumes due to their low levels of economic engagement and as such an unclear return of investment for most providers.
The Financial Sector Deepening Trust (FSDT) works to the goal that all Tanzanians derive valuefrom regular use of financial services which are delivered with dignity and fairness.
FSDT (Financial Sector Deepening Trust) commissioned the Busara Center for Behavioral Economics to jointly seek an understanding on the factors that affect the financial inclusion and wellbeing of women with the goal of improving women’s lives.
To explore and understand how people use formal and informal financial solutions when building, purchasing or renovating houses.
Designing products and policies to support Tanzanian merchants, drawing upon cutting-edge behavioral science research and design techniques.
In Africa, the number of youth is growing rapidly. In 2015, 226 million youth aged 15-24 lived in Africa, accounting for 19 per cent of the global youth population. By 2030, it is projected that the number of youth in Africa will have increased by 42 per cent. Africa’s youth population is expected to continue […]
Financial Sector Deepening Trust (FSDT) Tanzania is a market development programme which seeks to influence how the financial market works for poor people, and thereby contribute to increased financial inclusion. It began operating in 2005. A budgeted USD 100 million had been allocated by FSDT by the end of 2015.