Dar es Salaam. Efforts to transform access to finance for small and medium-sized enterprises (SMEs) through a structured credit guarantee system are gathering pace, with the Bank of Tanzania (BoT) saying the proposed Credit Guarantee Company is expected to become operational in the next financial year.
BoT governor Emmanuel Tutuba said the central bank is currently undertaking consultations with key stakeholders as part of the formal process of establishing the company, which is intended to operate as a Public Limited Company.
