The Bank of Tanzania convened stakeholders to discuss a plan to establish Tanzania Credit Guarantee PLC, a dedicated company to issue and manage credit guarantees. The proposal would move credit guarantee operations away from the central bank’s regulatory functions, with the aim of avoiding conflicts of interest and improving operational efficiency and market responsiveness. The 12 March 2026 meeting, led by Deputy Governor for Economic and Financial Policy Dr Yamungu Kayandabila, brought together the Capital Markets and Securities Authority, the Tanzania Insurance Regulatory Authority, insurance companies, collective investment schemes, pension funds and the Tanzania Private Sector Foundation. Bank of Tanzania currently manages two government-established schemes, the Export Credit Guarantee Scheme and the SME Credit Guarantee Scheme, which provide guarantees to banks and financial institutions to support lending to productive projects that lack sufficient collateral, including with stated objectives around development projects, employment and export-related foreign exchange generation.
Tanzania Insurance Regulatory Authority 2026-03-14
Bank of Tanzania consults market stakeholders on establishing Tanzania Credit Guarantee PLC to manage national credit guarantee schemes
The Bank of Tanzania plans to establish Tanzania Credit Guarantee PLC to manage credit guarantees, separating these from regulatory functions for better efficiency. A meeting on 12 March 2026, led by Deputy Governor Dr Yamungu Kayandabila, included stakeholders like the Tanzania Insurance Regulatory Authority. The central bank currently oversees the Export and SME Credit Guarantee Schemes, supporting lending for projects lacking collateral.