.jpg)
Financial literacy has been described as a critical tool for empowering women to participate fully in economic activities, make sound financial decisions and build resilience against economic shocks.
The message was delivered by the Deputy Governor of the Bank of Tanzania, Sauda Kassim Msemo, while opening a forum to mark International Women’s Day at the central bank’s headquarters in Dar es Salaam on March 4, 2026.
Speaking during the event, Ms Msemo said financial literacy goes beyond theoretical knowledge, describing it as a powerful tool that enables women to gain economic independence and actively contribute to national development.
“When women are financially empowered, the benefits extend far beyond individuals. They reach families, communities and the entire nation,” she said.
She noted that the theme of the forum, “60 Years of the Bank of Tanzania: Financial Literacy as a Catalyst for Women’s Economic Empowerment and Resilience,” reflects the institution’s commitment to ensuring financial education reaches women from all walks of life.
According to Ms Msemo, the central bank continues to promote financial literacy among women, including small-scale entrepreneurs, farmers, traders and those operating in the informal sector, who often face limited access to financial knowledge and services.
She also urged women to use financial institutions licensed by the Bank of Tanzania when seeking loans or other financial services.
She stressed the importance of verifying that institutions hold valid licences, carefully reviewing contractual terms before signing agreements and reporting any irregularities to the relevant authorities.
Ms Msemo said the central bank has strengthened regulatory systems for institutions offering both interest-based and non-interest financial services to ensure citizens have access to formal financial products that meet their needs and beliefs.
Participants at the forum also learned about the Bank of Tanzania’s role in protecting financial service consumers and how to submit complaints through the “Sema na BoT” platform.
The event also provided practical knowledge on personal financial management, including budgeting, saving, responsible borrowing and making informed financial decisions to support both short-term needs and long-term financial stability.
