Tanzania Cracks Down on Predatory Loans, Bans Unlicensed Digital Lenders
The Bank of Tanzania (BoT) has announced a ban on unlicensed digital lenders operating in the country, urging consumers to verify the licenses of loan providers before using their services. This move targets over 100 unregistered apps that offer instant loans, often to individuals without access to traditional financial institutions. The crackdown addresses growing concerns […]
