Emmanuel Tutuba has been appointed governor of the Central Bank of Tanzania by President Samia Suluhu Hassan. Tutuba, formerly permanent secretary at the Ministry of Finance and Planning, takes over from Florens Luoga, who reached the end of his five-year tenure, and inherits an economy facing high inflation and a soft currency due to global economic pressures related to the Russia-Ukraine conflict.
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DFC and Mastercard will contribute $50 million to promote financial inclusion in Africa
The US Agency for International Development Finance (DFC) and Mastercard have announced a $50m funding project to promote digitalisation and financial inclusion in Africa. The project will see DFC invest up to $50m in groups that are part of the Community Pass network, which helps to provide digital connectivity, smartphone use and ID systems to underserved communities in India, Kenya, Mauritania, Mozambique, Tanzania and Uganda. The partnership aims to make the digital economy more inclusive and sustainable for all.
Categories: Inclusion