Over the past decade, remarkable progress has been made in improving financial inclusion in terms of the number of adults using formal financial services, the adoption and usage of digital platforms and massive investments by the private sector. However, despite such positive development, the insurance sector is lagging with take-up at just 15% of the […]
The small business sector has the potential to make a significant contribution to the economy of Tanzania. It has the capacity to provide employment, particularly in rural areas which lack economic opportunity as well as reducing the gender gap, alleviating poverty and generating government revenue through taxation and business license fees.
The art and science of philanthropic grantmaking in the developing world has been undergoing a shift, particularly in areas powered by financial inclusion. Increasingly, grant-giving is focused on leveraging both economic and capital markets; directing grant making to companies that can sustain themselves, de-risking the pathway, and crowding in impact investors who offer equity or […]
First Access is a data analytics company that can reliably predict risk for consumers who have never had a bank account or credit score, using their prepaid mobile data.
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
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.
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.
This is the geography of financial access points in Tanzania. In keeping with its mission of tracking and promoting financial inclusion, more specifically the proximity of financial services, the FSDT in partnership with the Bank of Tanzania, has completed the second census of financial access points in the country