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 […]
17 April 2020 – The Financial Sector Deepening Trust (FSDT) has contributed Tanzanian Shillings 225 million towards the National Relief Fund for COVID-19. This is to support the Government of the United Republic of Tanzania’s concerted efforts in dealing with the COVID-19 pandemic. The speed at which the virus is spreading is unprecedented, requiring the […]
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 […]
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.
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.