Tanzania, March 31 -- Dar es Salaam. The Bank of Tanzania (BoT) has announced plans to introduce a Credit Guarantee Corporation (CGC) for commercial banks.

The move aims to expand access to finance for individuals and businesses that lack traditional collateral.

Speaking at the Second Banks and Financial Institutions Leaders' Forum on Monday, 30 March 2026, BoT Governor Emmanuel Tutuba said the initiative is part of ongoing reforms to create a more inclusive financial sector.

The forum brought together regulators and industry leaders to review progress and chart the path for deepening financial inclusion.

Mr Tutuba explained that the CGC will operate as a government-backed credit guarantee system managed by the central bank. Plans are...