Bank of Tanzania Urges Farmers to Embrace Formal Financial Services for Economic Growth
Habari mpya za kilimo Tanzania · maelezo ya Bank of Tanzania Urges Farmers to Embrace Formal Financ… · imesasishwa 4 Aug 2026 · habari za kilimo · wakulima · mazao
Muhtasari
- MWANZA: THE Bank of Tanzania (BoT) has urged farmers, livestock keepers and fishermen to embrace formal financial services to boost productivity, access reliable markets and support sustainable economic growth.
- She said BoT will continue strengthening its capacity to support economic development, provide financial education in simple language, encourage financial institutions to reduce reliance on collateral requirements and.
- The call was made yesterday by the Director of the BoT Mwanza Branch, Ms Upendo Mwakatumbula, during the opening of the Agriculture Exhibition and Farmers’ Day (Nane Nane) celebrations at the Nyamhongolo grounds in.
- Ms Mwakatumbula said using formal financial systems enables farmers, livestock keepers and fishermen to receive timely payments, secure better prices for their produce and conduct safer transactions.
- She also encouraged farmers to market their produce through formal channels to access reliable markets while continuing to work closely with agricultural extension officers and cooperative societies to address.