Charting Tanzania’s Financial Rennaissance: Microfinance Institutions at the Crossroad.
Introduction Microfinance institutions (MFIs) in Tanzania have emerged as powerful engines of financial inclusion, poverty alleviation, and grassroots economic development. From their humble beginnings in the 1990s with SACCOS and NGOs, MFIs now form a critical part of the country’s financial ecosystem, serving millions of underserved
Read MoreInfrastructural Development in Tanzania (2020–2024): Progress, Risks, Opportunities, and the Role of Lucent Advisory
OVERVIEW From 2020 to 2024, Tanzania experienced a surge in infrastructural development, aligning its strategic ambitions with the Third National Five-Year Development Plan (FYDP III), the Land Transport Regulatory Authority (LATRA) Strategic Plan, and the PPP Strategy FY2023/2024. This period has been marked by unprecedented investment
Read MoreEmpowering Tanzanian SMEs: Unlock Growth with LUCENT Advisory’s Business Development Services (BDS)
Are you ready to take your small or medium enterprise in Tanzania to the next level? Whether you’re just launching or aiming to scale operations, partnering with the right Business Development Services (BDS) provider can be the game-changer you’ve been looking for. At LUCENT Advisory, we
Read MoreTanzania Financial Reporting Standard (TFRS) 1
INTRODUCTION This standard was first introduced by National Board of Accountants and Auditors (NBAA) in it’s 182nd meeting held on 22nd June 2020; the standard was developed to replace TFRS 1 “the directors report” which was issued by the Board effectively on 1st January 2010. The
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