Zanzibar. Despite the existence of 7,131 Savings and Credit Cooperative Societies (Saccos) operating in the financial sector, the government has revealed that there are still no regulations governing these institutions in Zanzibar.
As a result, there has been no official assessment conducted to evaluate their performance, according to the government.
This was disclosed on Monday, February 2025, by the minister of State, President’s Office—Finance and Planning, Dr Saada Mkuya, during a session of the House of Representatives in Chukwani.
She was responding to a query from Mwanakwerekwe Representative, Ameir Abdalla Ameir, who sought clarification on the number of financial service providers registered and supervised by the Bank of Tanzania (BoT) and an assessment of their compliance with regulations.
Dr Mkuya said that no assessment had been conducted regarding regulatory compliance, as the regulations were still under preparation within her ministry.
She said the President’s Office (Finance and Planning), in collaboration with the Bank of Tanzania (BoT), has been conducting annual financial literacy workshops and seminars to educate citizens on budgeting, financial rights, and responsibilities when using financial services.
“Despite having 7,131 Saccos, there has been no assessment on compliance, as the regulations are still under development within the ministry,” she said.
As of December last year, financial service providers in Zanzibar included 14 commercial banks with 43 branches (10 in Pemba and 33 in Unguja), nine microfinance institutions registered and supervised by the ministry, and 7,131 Saccos, overseen by the Cooperative Development Department under the President’s Office (Labour, Economy and Investment).
Dr Mkuya said that customer complaints regarding financial services are handled under the Financial Consumer Protection Regulations, 2019, set by the Bank of Tanzania. Every financial institution, she said, is required to have a designated office or desk to handle customer complaints, implement a customer rights and complaints policy, and allow customers to escalate unresolved complaints to the Bank of Tanzania.
Additionally, the BoT has introduced an online complaints platform, “Sema na Benki Kuu ya Tanzania”,” to simplify the resolution process for financial service consumers.
During a follow-up question, Representative Ameir enquired about the government’s stance on online lending platforms and their regulatory framework.
Dr Mkuya responded that commercial financial institutions operate in full compliance with BoT regulations, whereas regulations for smaller financial institutions are still in progress.
She advised the public to seek loans only from registered financial institutions and report suspicious lenders to the government to avoid falling into fraudulent schemes.
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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.
Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).
Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.
While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.
“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”
Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.
Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.
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“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”
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On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.
He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:
At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.
There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.
Source: allafrica.com
Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response
Addis Ababa, January 20, 2025</Strong> — Tanzania has declared a Marburg virus disease (MVD) outbreak after confirming one case and identifying 25 suspected cases in the Kagera Region of Northwestern Tanzania. The Marburg virus, a highly infectious and often fatal disease, is similar to Ebola and is transmitted to humans from fruit bats and monkeys. This outbreak marks the nation’s second encounter with the deadly virus, following the outbreak in Bukoba District of Kagera Region in March 2023, which resulted in nine cases and six deaths.
In response to this urgent threat, the Africa CDC is mobilizing strong support to help Tanzania contain the outbreak. A team of twelve public health experts will be deployed as part of an advance mission in the next 24 hours. The multidisciplinary team includes epidemiologists, risk communication, infection prevention and control (IPC), and laboratory experts to provide on-ground support for surveillance, IPC, diagnostics, and community engagement.
The Director-General of Africa CDC, Dr. Jean Kaseya, has engaged with Tanzania’s President Samia Suluhu Hassan and the Minister of Health to ensure coordinated efforts and secure political commitment for the response.
“Africa CDC stands firmly with Tanzania in this critical moment. To support the government’s efforts, we are committing US$ 2 million to bolster immediate response measures, including deploying public health experts, strengthening diagnostics, and enhancing case management. Building on Tanzania’s commendable response during the 2023 outbreak, we are confident that swift and decisive action, combined with our support and those of other partners, will bring this outbreak under control,” Dr. Kaseya stated.
Africa CDC has recently supported efforts to enhance the diagnostic and sequencing capacity of public health laboratories in Tanzania. PCR Test kits and genomic sequencing reagents have been dispatched, with additional supplies in the pipeline. To ensure rapid identification and confirmation of cases, the institution will also provide technical assistance to strengthen detection and genome sequencing for better characterization of the pathogen. Additionally, support will be provided to improve case management protocols and enhance the capacity to deliver safe and effective treatment.
Africa CDC is committed to working closely with the Government of Tanzania, regional partners, international organizations, and global stakeholders, including the World Health Organization, to stop the spread of the Marburg virus.
Source: allafrica.com
