In many African countries Central Banks have been the coordinating entity involved to formulating financial inclusion strategies for their respective countries. Tanzania has launched its third framework, the National Financial Inclusion Framework 2023 – 2028, building on the success recorded after the implementation of the second Framework, which ended in December 2022. Implementation of the new framework is expected to advance financial inclusion and promote development of the financial sector in the country ensuring all adults and businesses have access to and use a broad range of affordable and high-quality financial products and services, to improve their financial well-being and living standard.
AFRACA is privileged for the opportunity to contribute to NFIF3 through a peer review process. This follows similar inclusive interventions among member institutions such as the Bank of Gambia and Banque Republic du Burundi in previous years. Overall, NFIF3 is a good strategic document and AFRACA wishes successful implementation of the plan through the National Council for Financial Inclusion, chaired by the Mr. Emmanuel M. Tutuba, Governor, Bank of Tanzania.