Banks Urged to Promote Culture of Savings

The banking sector has been advised to promote the culture of saving as experts believe that “poverty stops once savings starts”. The experts are urging that banks, especially those offering retail and savings services, should make more efforts to bring the unbanked to the financial services since domestic savings are vital for people’s development. The

Tanzanian’s Urged to Cultivate Banking Culture

Tanzanians have been urged to cultivate and strengthen a culture of keeping money in bank accounts for their safety and country’s economic development. Talking to journalists in Dar es Salaam over the weekend, a legal officer at the Deposit Insurance Board, Mr Rashid Mrutu, said the culture of having and keeping money in banks builds