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Tag: Money

The Shadow Vaults of the Continent: A Comprehensive Analysis of Currency Outside Banks, Unmeasured GDP, and the Hidden Wealth of African Nations (2020–2024)

January 15, 2026
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100Africa.com Report 1. Introduction: The Monetary Paradox of Modern Africa The economic narrative of Africa in the early 2020s is frequently framed through the lens of technological leapfrogging—a continent bypassing traditional banking infrastructure in favor of fintech solutions, mobile money, and digital innovation. However, a granular examination of central bank data across fifty African nations reveals a divergent, more…

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Tanzania Strengthens Financial Stability: First Director General Appointed to Deposit Insurance Board

August 25, 2025
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Dar es Salaam, August 2025 – Tanzania has taken a decisive step in modernizing its financial safety net with the appointment of Mr. Isack Nikodem Kihwili as the first Director General (DG) of the Deposit Insurance Board (DIB). The landmark decision, effective August 1, 2025, marks the beginning of a new era for the institution, which is transitioning from…

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BoT Elevates TAMFI to Guided Self-Regulatory Status, Ushering in a New Era for Tanzania’s Microfinance

August 11, 2025
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Dar es Salaam, 11 August 2025 — In a groundbreaking shift toward participatory regulation, the Bank of Tanzania (BoT) has formally designated the Tanzania Association of Microfinance Institutions (TAMFI) and the Tanzania Microfinance Institutions Union (TAMIU) as Guided Self-Regulatory Institutions (GSRIs). This strategic move marks a pivotal moment in the evolution of Tanzania’s microfinance sector. Under the newly introduced…

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