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BoT instructed to protect Tanzanians against the effects of borrowing from informal institutions
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BoT instructed to protect Tanzanians against the effects of borrowing from informal institutions
TANGA: THE Bank of Tanzania (BoT) has been directed to intensify its oversight of the financial sector in order to protect Tanzanian citizens from the negative effects of borrowing from informal financial institutions, a practice that has caused some people to lose their property and resources due to loans with exploitative conditions. The directive was
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