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The Bank of Tanzania (BoT) has reaffirmed its commitment to strengthening regional financial cooperation after participating in the Annual Meeting of African Financial Institutions (AFIS) held in Casablanca, Morocco, from November 3 to 4, 2025.
The meeting brought together central bank leaders, financial regulators, and key industry stakeholders from across the continent to discuss ways to enhance Africa’s financial stability and economic growth.
BoT was represented by its Deputy Governor, Dr. Yamungu Kayandabila, who served as a panelist in a high-level discussion on the role of domestic banks in managing foreign exchange reserves.
The session examined how African countries can increase confidence in local banking institutions and expand their role in supporting national and regional economic priorities.
Dr. Kayandabila underscored the importance of reviewing the criteria used to assess the liquidity and resilience of domestic banks.
He noted that strengthening these standards would boost trust and credibility, enabling local banks to effectively participate in managing part of their nations’ foreign reserves.
“Enhancing the capacity of our domestic banks is crucial for building economic resilience and ensuring that African countries can manage their reserves in a way that reflects their development priorities,” he said.
On the sidelines of the meeting, Dr. Kayandabila held discussions with the Chief Executive Officer of the Bank of Africa Group (BOA), Mr. Amine Bouabid.
Their talks focused on expanding financial services, promoting innovation, and exploring new areas of cooperation to support Tanzania’s financial sector growth.
BoT’s participation in this year’s AFIS meeting reflects Tanzania’s ongoing commitment to advancing sustainable management of foreign exchange reserves, promoting financial sector stability, and strengthening ties with partner institutions across Africa.
The engagement also aligns with the country’s broader vision of deepening its role in shaping the continent’s financial future.
The Casablanca meeting concluded with delegates expressing a shared commitment to working together in building stronger, more inclusive, and competitive financial systems across Africa.