DAR ES SALAAM, Feb. 25 -- THE Governor of the Bank of Tanzania (BoT), Emmanuel Tutuba, met with Singapores Ambassador to Tanzania, Douglas Foo, in discussions aimed at enhancing cooperation between Tanzania and Singapore in the financial sector and the development of the digital economy.

During the talks, both sides explored opportunities for collaboration in developing digital payment systems, the use of Artificial Intelligence (AI), and improving the regulation of digital currencies to strengthen the security of financial systems. They also emphasized the importance of enhancing regional transaction systems and cross-border trade to facilitate business and increase competitiveness.

The discussions further highlighted the significance ...