NIKO FITI FINANCIAL LITERACY PROGRAM
Niko Fiti is financial literacy program founded by Tanzania Bankers Association in collaboration with FSDT designed to enhance financial literacy in Tanzania. Niko Fiti apart from providing financial literacy awareness and education will also aim to enhance digital financial services usage in Tanzania through the creation of awareness and insights.
A MESSAGE FROM THE CHAIRMAN
As economies around the world begin to recover from the adverse effects of the COVID-19 pandemic, financial service providers are fast adapting to changes in consumer behavior and a rapidly evolving regulatory environment.
Tanzania’s financial services sector continues to play a pivotal role in this recovery process and is at the forefront of championing solutions that address the challenges in the marketplace.
The government’s decision not to impose lockdowns on economic activities during the height of the pandemic has added impetus to the growth, even with a reduction in international trade. Bank of Tanzania (BoT) projects a slowdown in economic growth to 5.5% in 2020 down from 7.0% in 2019. The growth will be mainly driven by the Agriculture sector, due to favorable weather and, supported by increased public investments and an accommodative monetary policy.