Fostering Alternative Know Your Customer (KYC) for Younger Youth in Tanzania Contributing Authors: Irene Madeje Mlola (Interim Executive Director) and Anna Jubilate Mushi, (Head of Gender and Youth), FSDT “Younger youth offer a unique opportunity to be capitalized on, but at the same time they face unique challenges that need an exceptional eye and approach […]
FINANCIAL SECTOR DEEPENING TRUST LEADERSHIP TRANSITION The registered Trustee of the Financial Sector Deepening Trust (“FSDT”) announces the leaving of the Executive Director, Mr. Sosthenes Kewe, after 15 years of dedicated service at FSDT. The development partners recognize and are very appreciative of the contribution that Mr. Kewe has made to the achievements in financial […]
Addressing Gender Barriers in the ID Acquisition Process in Tanzania By Anna Jubilate Mushi, Head of Gender & Youth, FSDT “IDs represent a huge opportunity for low-income women to realize their full potential, and are enablers of bridging the existing gender gap in political, social and ecnomic spheres; however, if the ID acuisition process is […]
LittleFish in a big pond- How technology is opening up small business owners in Tanzania and other regions to larger markets and ecosystems By Victor Kyando, Communications Officer, FSDT “LittleFish aims to impact over 1 million small businesses and 5 million people in the Eastern and Southern Africa region by 2025.” LittleFish, a unified mobile platform, […]
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, presumably low transaction volumes due to their low levels of economic engagement and as such an unclear return of investment for most providers.
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.