MWANZA, Oct. 30 -- BANK of Tanzania (BoT) Governor, Emmanuel Tutuba has said 33 per cent growth in private sector lending and a decline in non-performing loans to 2.5 per cent are among the indicators of positive performance in the countrys financial sector.

Tutuba made the remarks in Mwanza during a ceremony to sign three cooperation agreements between the Bank of Tanzania Academy and various institutions to promote financial literacy, enabling citizens to manage their income, save money and make informed financial decisions.

He said financial literacy was essential in helping citizens use loans for their intended purposes, repay them on time and avoid financial decisions that could lead to economic difficulties.

ALSO READ: BoT instru...