DAR ES SALAAM, March 26 -- THE government, through the Tanzania National Business Council (TNBC), has announced plans to establish an International Financial Centre (IFC) aimed at attracting capital and boosting investment for economic growth.

The development was revealed during the third meeting of the TNBC Finance Working Group, which brought together public and private sector stakeholders at the Treasury Hall in Dar es Salaam yesterday.

Speaking at the meeting, Permanent Secretary for the Ministry of Finance and Chairperson of the Working Group, Dr Natu El Maamry Mwamba, said the initiative is still at an early stage and has been presented to TNBC members as part of implementing government directives.

She explained that the proposed...