Tanzania Cracks Down on Unlicensed Digital Lenders
The Bank of Tanzania (BoT) has announced a crackdown on unlicensed digital lenders operating in the country, effective immediately. The move is aimed at curbing questionable lending practices, including debt-shaming and exorbitant interest rates.
![Tanzania Cracks Down on Unlicensed Digital Lenders](/content/images/size/w2000/2024/05/Bank_of_Tanzania_golden_hour.jpg)