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Board Members of the Bank of Tanzania (BoT), Mr. Ngosha Magonya and Ms. Esther Manyesha, have underscored the importance of public financial education during a high-level visit to the BoT pavilion at the 49th Dar es Salaam International Trade Fair (DITF), held at the Mwalimu Julius Nyerere grounds in Dar es Salaam.
Their visit offered a firsthand look at how the central bank is engaging directly with citizens to demystify its key functions from managing monetary policy and curbing inflation, to strengthening national economic stability.
The initiative forms part of BoT’s broader commitment to financial inclusion and transparency.
Mr. Magonya and Ms. Manyesha were briefed on the central bank’s efforts to raise awareness on investment opportunities available through short- and long-term government securities tools that not only offer secure returns for investors but also contribute to financing national development goals.
At the heart of BoT’s public engagement strategy is education on Tanzania’s national payment systems, which are designed to facilitate fast, secure, and efficient transactions.
The bank is also showcasing its regulatory oversight in the financial sector, explaining how it ensures that financial institutions operate with integrity, efficiency, and in full compliance with relevant laws and regulations.
Visitors to the BoT pavilion are receiving guidance on lodging financial service-related complaints, learning about employment procedures within the bank, and exploring professional development opportunities through the BoT Academy a training arm focused on grooming future experts in finance and banking.
The bank is also educating the public on how to identify key security features on Tanzanian banknotes, as well as best practices for preserving the quality and lifespan of currency in circulation.
The board members reiterated the central bank’s commitment to expanding its financial literacy initiatives to reach more segments of society including youth, entrepreneurs, and underserved communities as part of national efforts to build a financially empowered and economically resilient population.