The Bank of Tanzania (BoT), under the leadership of Deputy Governor for Economic and Financial Policy, Dr. Yamungu Kayandabila, has convened a high-level meeting with key stakeholders to discuss the establishment of a new credit guarantee company, Tanzania Credit Guarantee PLC.
The session, held today, 12 March 2026, at BoT offices in Dar es Salaam, brought together representatives from institutions including the Capital Markets and Securities Authority (CMSA), Tanzania Insurance Regulatory Authority (TIRA), insurance companies, collective investment schemes, pension funds, and the Tanzania Private Sector Foundation (TPSF).
The new company is designed to support the National Development Vision 2050 by strengthening Tanzania’s economy and expanding private sector participation in national development.
It will separate BoT’s regulatory functions from credit guarantee provision, eliminating potential conflicts of interest and improving operational efficiency.
The initiative is also expected to drive innovation and enhance the capacity of institutions to respond quickly to market needs.
Currently, BoT oversees two credit guarantee funds: the Export Credit Guarantee Scheme (ECGS) and the SME Credit Guarantee Scheme (SME-CGS).
These funds provide guarantees to banks and financial institutions to facilitate loans for productive projects that may lack sufficient collateral.
The primary goal of the new company is to create a favorable environment for growth and sustainability of development projects, increase employment opportunities, improve access to foreign exchange through exports, and contribute to national income growth.
With the establishment of Tanzania Credit Guarantee PLC, BoT aims to further strengthen financial inclusion and support private sector-led development, positioning the country for sustainable economic growth.
