BANK OF TANZANIA PLANS TO ROLLOUT MOBILE BASED BONDS

The Bank of Tanzania (BOT) is planning to introduce a mobile platform that will enable retail investors to apply for and trade treasury bills and bonds. 

The Central Bank said the platform is expected within this year after working out a methodology with stakeholders.

The plan entered on reaching mass participation for retail investors on bills and bonds but also reducing the lowest amount of tender to TShs. 100,000 from the current amount of TShs. 500,000.

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