BARD AI
JF-Expert Member
- Jul 24, 2018
- 3,376
- 8,120
THE GOOD
1. More than 40 banks with total assets above TZS 40 trillion, 987 branches, and more than 75,000 banking agents
2. Fully fledged stock market with 28 companies, with market cap of more than TZS 14 trillion
3. Total mortgage portfolio is above TZS 500 billion
4. 2.3m Tanzanians own cryptos
5. Bureau de change sales transactions reaching above $7 billion
6. More than 34,000 microfinance services providers
7. Two licensed credit reference bureaus, reaching more than 5m credit inquiries
8. Two mortgage finance companies
9. Four mandatory and 13 supplementary social security schemes, with more than TZS 16 trillion in assets
10. Five leasing companies
11. 40 insurance companies, more than gross premiums of TZS 1 trillion
12. Diaspora remittances reaching $1 billion
THE BAD
1. Access to finance to SMEs is less than 15% of all bank lending
2. Only 22% of Tanzanians are formally banked
3. Cash still takes more than 80% of all transctions
4. Less than 5% of Tanzanians particpate in the stock market
5. Agro-lending is 10% only, for a sector that contributes 27% of the economy
6. More than 80% of trade finance applications are rejected by banks
7. No locally incorporated private equity firm
8. Cost of borrowing is still double digit
9. Total assets of microfinance banks to total banking assets is less than 1%
10. Low financial literacy
11. Insurance penetration is less than 3% of the GDP
12. Mortgage to GDP ratio is less than 1%
THE OPPPRTUNITIES
1. Digitial banking
2. P2P lending
3. E-payment systems
4. Digital wealth management
5. Digital insurance
6. Startup & SME Financing ( more than 600 startups, more than 4m SMEs
7. Digital trading platforms
8. Mobile money intergration
9. Digital assets
10. Financial education
11. Tapping diaspora remittacances
1. More than 40 banks with total assets above TZS 40 trillion, 987 branches, and more than 75,000 banking agents
2. Fully fledged stock market with 28 companies, with market cap of more than TZS 14 trillion
3. Total mortgage portfolio is above TZS 500 billion
4. 2.3m Tanzanians own cryptos
5. Bureau de change sales transactions reaching above $7 billion
6. More than 34,000 microfinance services providers
7. Two licensed credit reference bureaus, reaching more than 5m credit inquiries
8. Two mortgage finance companies
9. Four mandatory and 13 supplementary social security schemes, with more than TZS 16 trillion in assets
10. Five leasing companies
11. 40 insurance companies, more than gross premiums of TZS 1 trillion
12. Diaspora remittances reaching $1 billion
THE BAD
1. Access to finance to SMEs is less than 15% of all bank lending
2. Only 22% of Tanzanians are formally banked
3. Cash still takes more than 80% of all transctions
4. Less than 5% of Tanzanians particpate in the stock market
5. Agro-lending is 10% only, for a sector that contributes 27% of the economy
6. More than 80% of trade finance applications are rejected by banks
7. No locally incorporated private equity firm
8. Cost of borrowing is still double digit
9. Total assets of microfinance banks to total banking assets is less than 1%
10. Low financial literacy
11. Insurance penetration is less than 3% of the GDP
12. Mortgage to GDP ratio is less than 1%
THE OPPPRTUNITIES
1. Digitial banking
2. P2P lending
3. E-payment systems
4. Digital wealth management
5. Digital insurance
6. Startup & SME Financing ( more than 600 startups, more than 4m SMEs
7. Digital trading platforms
8. Mobile money intergration
9. Digital assets
10. Financial education
11. Tapping diaspora remittacances