#Bank of Tanzania

The Bank of Tanzania has launched the third cohort of its Fintech Regulatory Sandbox, allowing banks, mobile money operators, electronic money issuers, and fintech companies to test new financial products under supervision. Applications are open until 31 July 2026 via the portal at frsp.bot.go.tz, specifically for services not covered by existing regulatory frameworks.

The Bank of Tanzania (BoT) has raised the central bank interest rate to 6.25%, marking the highest level since the new inflation control system was implemented over two years ago, according to Nukta Africa.

The Bank of Tanzania has reduced its liquid reserves while increasing its gold holdings, indicating a strategic shift in managing the country's foreign assets amid global economic uncertainties. As of May, the central bank's cash and cash equivalents were at 3.99 trillion Tanzanian shillings, a slight decrease from 4.03 trillion shillings at the end of the previous month, according to Daily News.

Economic and financial analysts have expressed support for the Finance Act, 2026, which allows the Tanzanian government to secure temporary advances from the Bank of Tanzania (BoT). They view this provision as a crucial economic shock absorber during emergencies, aligning with standard fiscal practices used in various countries to protect economies from unforeseen challenges.