Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Three state-owned banks – TIB Development Bank, Azania Bank and Tanzania Commercial Bank (TCB) – are burdened by risky loans, capital inadequacy and non-compliance with regulatory requirements, according to the Controller and Auditor General (CAG).
The Citizen sought comments from the managements of the three lenders, but it was only Azania that came up with a detailed explanation.
