BoT Draft Banking Regulations 2026: Seven Drafts, What Changes and How to Comment by 28 October
What are the BoT draft banking regulations of 2026? The Bank of Tanzania has published seven draft regulations under the Banking and Financial Institutions Act, Cap. 342, for public comment until 28 October 2026. They would replace the 2014 rules on licensing, credit concentration, risk assets, microfinance and foreign exchange exposure, and the 2021 governance rules. Boards would grow to seven members. The drafts are not yet law.
We read each draft against the regulation it would replace, with a worked example, Zanzibar and how to comment.
What changed: seven drafts open for comment
The Bank of Tanzania (BoT) has listed seven draft regulations on its public feedback page. Each has its own PDF and online comment form, and every form closes on 28 October 2026. The file names of the PDFs carry the date 28 September 2026.
All seven drafts are made under section 71 of the Banking and Financial Institutions Act, Cap. 342. None has a Government Notice number yet; they become law only once gazetted.
| Draft (2026) | Would revoke | Headline change | Form |
|---|---|---|---|
| Corporate Governance | GN 767 of 2021 and GN 454 of 2023 | Board of at least seven; two-thirds of non-executives independent | 35 |
| Credit Concentration and Other Exposure Limits | GN 288 of 2014 | Five collateral bands for the single borrower limit, measured on Tier 1 capital | 36 |
| Licensing | GN 297 of 2014 and GN 13 of 2023 | Seven-member board; up to ten non-Tanzanian staff; prior approval for new products and core banking systems | 37 |
| Management of Risk Assets | GN 287 of 2014 | Zero minimum provision on current loans; cap on interest accrued on bad loans | 38 |
| Microfinance Activities | GN 298 of 2014 and GN 103 of 2015 | Lower provisioning rates; write-off after two quarters in loss | 39 |
| Representative Offices of Foreign Banks | No revocation clause | Stand-alone licence, 60-day decision, list of permitted and barred activities | 40 |
| Foreign Exchange Exposure Limits | GN 292 of 2014 | Largely the 2014 framework; due diligence and 7-day notice for correspondent banks | 41 |
We compared each draft with the current text on BoT's regulations page. Where we could not confirm a current rule, we say only what the draft provides.
Who is affected
- Banks and financial institutions licensed by BoT, under six of the drafts.
- Directors, chief executives and senior managers, on board size, tenure and approvals.
- Investors buying into a bank, on the 5 percent and 20 percent shareholding tests.
- Large borrowers and insiders, since the limits decide how much one bank may lend them.
- Foreign banks with, or planning, a representative office in Tanzania.
- Banks with microfinance books and microfinance banks.
- Fintechs and technology vendors that partner with banks, since new products and core banking systems would need BoT approval.
Our overview of which financial businesses BoT licenses places banks among the other BoT licences.
What would change in bank corporate governance?
The governance draft would replace the Corporate Governance Regulations, 2021 (GN 767 of 2021). It also revokes the 2023 amendment (GN 454 of 2023).
| Rule | 2021 Regulations | 2026 draft |
|---|---|---|
| Minimum board size | Five, two-thirds non-executive (reg. 5(1)) | Seven, majority non-executive (reg. 6(1)) |
| Independent directors | At least two non-executives (reg. 5(2)(a)) | At least two-thirds of non-executives (reg. 6(2)(a)) |
| Expertise listed | Banking, finance, accounting, auditing, law or economics | Adds cybersecurity and ICT |
| Tanzanian members | At least two | At least two (unchanged) |
| Tenure of directors and CEO | Ten consecutive years, then three years out (reg. 12) | Same ten and three years (reg. 14) |
| Meetings by video | Not more than 25% of meetings in a year (reg. 35(4)) | Not more than 75% of meetings in a year (reg. 35(4)) |
| Single insider credit | 10% of core capital | 10% of Tier 1 capital (reg. 38) |
| Aggregate insider credit | 25% of core capital | 25% of Tier 1 capital (reg. 39) |
| Transition | Two-year moratorium for those past ten years | Six months to meet board size and composition (reg. 6(5)) |
Carried over: a non-executive chair kept off the audit and credit committees, the three mandatory committees, the bar on politicians as directors, and the 5 and 10 percent shareholder restrictions. Appointments of directors and senior managers need BoT's prior approval (reg. 18).
Two cautions. The 2021 two-year cooling-off between banks' boards (reg. 13) does not appear in the draft. And the ten-year cap, headlined by The Citizen and The EastAfrican, is not new: Shikana Law Group's 2022 note records it under the 2021 rules, and Mwananchi reported that BoT "insists" on it. Our guide to directors' duties in Tanzania covers the company law side.
How would the bank licensing rules change?
The licensing draft revokes the Licensing Regulations, 2014 (GN 297 of 2014). It also revokes the 2023 amendment (GN 13 of 2023) on foreign branches. Confirmed differences:
- Board. At least seven members instead of five, mirroring the governance draft (reg. 14).
- Foreign staff. Up to ten non-Tanzanians at any time, against five under the 2014 text (reg. 17(2)), each needing BoT approval.
- Significant shareholder. Now defined as a holder of 5 percent or more of voting shares (reg. 3); the 2014 text left it undefined.
- Capital terminology. Thresholds are stated in Tier 1 capital rather than core capital.
Unchanged: the non-refundable application fee of TZS 10,000,000 (draft Third Schedule; F0552), the ninety-day decision period, the twelve-month start deadline and the 20 percent ownership cap under section 15 of the Act. The activity gates stay at TZS 70 billion for fiduciary work, 90 billion for underwriting, 45 billion to acquire and 30 billion to invest in an allied undertaking. Foreign branches face qualitative tests (reg. 38), as under the 2023 amendment.
The draft also requires a pre-filing meeting (reg. 5(2)), prior approval of new products (reg. 11) and of any new core banking system (reg. 12). Shares may not be bought with borrowed or pledged funds (reg. 8).
Minimum capital stays in the Capital Adequacy Regulations, 2023: TZS 15 billion of Tier 1 for a commercial bank (F0553). See our note on evidencing source of funds.
What happens to single borrower and insider limits?
The credit concentration draft replaces the 2014 Regulations (GN 288 of 2014).
| Collateral cover | 2014 limit (core capital) | 2026 draft (Tier 1 capital) |
|---|---|---|
| At least 125% of the credit (fully secured) | 25% | 25% |
| Above 75% but under 125% | 10% (partly secured) | 20% |
| From 50% to 75% | 10% (partly secured) | 15% |
| Under 50% | 10% (partly secured) | 10% |
| Unsecured | 5% | 5% |
Immovable collateral is valued at market value by an independent valuer. The draft's overlapping 125 and 100 percent rows are worth a comment. Other limits carry over, now on Tier 1: large exposures from 10 percent, an 800 percent aggregate cap, 25 percent per bank placement, insiders at 10 and 25 percent, and fixed assets at 70 percent. Government-guaranteed and cash-secured credit stays exempt. We found no transition clause.
How would loan classification and provisioning change?
The risk assets draft replaces the Management of Risk Assets Regulations, 2014 (GN 287 of 2014). The bands for substandard (from 91 days), doubtful (181) and loss (361) are unchanged.
| Category (draft day bands) | 2014 minimum provision (reg. 27) | 2026 draft (reg. 29) |
|---|---|---|
| Current | 1% | 0% |
| Especially mentioned (31 to 90 days) | 3% | 3% |
| Substandard (91 to 180 days) | 20% | 20% |
| Doubtful (181 to 360 days) | 50% | 50% |
| Loss (361 days and more) | 100% | 100% |
A zero floor is not a zero provision: expected losses must still be provided (reg. 29(2)), and an IFRS shortfall still goes to a non-distributable reserve (reg. 28). Also note:
- Interest cap. Interest, penalties and other charges accrued on a non-performing loan may not exceed the principal outstanding when it became non-performing (reg. 33(3)), a rule we did not find in 2014.
- Restructuring. The 2014 text barred restructuring a non-performing loan more than twice. The draft says any credit accommodation may not be restructured more than twice "unless prior approval is obtained from the Bank" (reg. 8(5)).
- Refinancing. A loan is not settled if the money comes from another facility from the same bank to the same borrower or a related party (reg. 34).
For a borrower, on a TZS 200 million loan that turns bad, accrued charges would stop at TZS 200 million.
What changes for banks' microfinance lending?
This draft covers banks doing microfinance. It replaces the Microfinance Activities Regulations, 2014 (GN 298 of 2014) and the 2015 amendment (GN 103 of 2015).
| Category (days past due) | 2014 (reg. 61) | 2026 draft (reg. 51) |
|---|---|---|
| Current (0 to 5) | 1% | 0% |
| Especially mentioned (6 to 30) | 5% | 3% |
| Substandard (31 to 60) | 25% | 20% |
| Doubtful (61 to 90) | 50% | 50% |
| Loss (over 90) | 100% | 100% |
| Write-off | Four quarters in loss (reg. 52(2)) | Two quarters in loss (reg. 42(2)) |
Write-off does not cancel the debt. Limits carry over on Tier 1: 3 percent per borrower, 2 percent per insider, 20 percent for all insiders. Credit bureau reports must be used in appraisal (reg. 39). Capital stays at TZS 5 billion under the 2023 Capital Adequacy Regulations (F0554). Non-bank lenders sit elsewhere; see our microfinance licence guide and our note on licensed loan apps.
What would foreign banks' representative offices need?
Today, regulation 33 of the 2014 Licensing Regulations covers representative offices in three sub-regulations. The draft creates a stand-alone regime:
- Permitted work. Liaison, information on the parent, marketing the parent's products, market research and identifying opportunities (reg. 14).
- Barred work. Banking business, commercial or trading activity, and representing anyone other than the parent (reg. 15).
- Application. Twelve documents, including home supervisor approval and three years of audited accounts.
- Fee and timing. A non-refundable fee of TZS 10,000,000 and a decision within sixty days of a complete application (reg. 9).
- People and money. A pre-approved Chief Representative Officer, and an operating account that may not move funds for the parent (reg. 19).
The licence runs until revoked. With no transition clause, existing offices should ask BoT how they will be treated. See our guide to opening a branch office in Tanzania.
Is anything new in the foreign exchange exposure draft?
Little. Against the 2014 Regulations (GN 292 of 2014), the core is unchanged:
- Foreign currency lending only to borrowers with foreign currency income or other hedges, operating and investing in Tanzania (reg. 6).
- An overall limit "prescribed by the Bank" under the shorthand method, with each bank setting its own single-currency and intra-day limits (reg. 7). Neither text states a percentage.
- A penalty of 1 percent a day of the excess or TZS 1,000,000 a day, whichever is higher (reg. 9).
- TZS 1,000,000 a day for late reporting (reg. 12).
The draft adds due diligence on correspondent banks, with terms sent to BoT within seven days (reg. 10). It cites the Act as Cap. 271 in its definitions, a slip to flag. See our note on BoT foreign exchange rules for companies.
How do the drafts apply in Zanzibar?
Banking is regulated on a Union basis. Section 2(1) of the Act states: "This Act shall apply to Tanzania Mainland as well as to Tanzania Zanzibar." Once gazetted, these regulations bind banks on both sides, with BoT as licensing authority.
| Point | Mainland Tanzania | Zanzibar |
|---|---|---|
| Bank licence and these drafts | BoT under Cap. 342 | Same: BoT under Cap. 342 |
| Government guarantee exemption | Government of the United Republic | Revolutionary Government of Zanzibar named expressly |
| Non-bank microfinance | BoT microfinance regulations of 2019 | Separate Zanzibar microfinance regulations of 2025, listed by BoT |
| Company register | BRELA | BPRA |
| Business licence and taxes | BRELA, TRA | Zanzibar authorities, ZRA for non-Union taxes |
Zanzibar banks comment through the same forms. Our guide to Union and non-Union matters for tax explains the wider split.
How can a business comment on the drafts?
Each draft has its own feedback form, numbered 35 to 41. The form asks for full name, email and the comment, with mobile and organisation optional. It has no file upload and no field for a regulation number.
- Quote the regulation. Start each point with the draft regulation number, since the form has no field for it.
- State the effect. Give the cost or risk in shillings, for example the provisions released or the lending capacity lost.
- Propose wording. Suggest replacement text and a transition period where the draft has none.
- Flag drafting slips. Examples include the licensing draft's cross-references in regs. 5(8) and 31 and the three titles in the representative office draft.
Keep a copy of each submission.
Worked example: a bank with TZS 100 billion of Tier 1 capital
Take a mid-sized commercial bank with Tier 1 capital of TZS 100 billion. Its performing loan book is TZS 600 billion. It also runs a TZS 20 billion microfinance book, of which TZS 2 billion is especially mentioned.
| Item | Current rules | 2026 drafts | Difference |
|---|---|---|---|
| Loan to a group with collateral at 90% of the loan | 10% = TZS 10bn | 20% = TZS 20bn | +TZS 10bn |
| Loan with collateral at 60% of the loan | 10% = TZS 10bn | 15% = TZS 15bn | +TZS 5bn |
| Unsecured loan to one borrower | 5% = TZS 5bn | 5% = TZS 5bn | None |
| Minimum provision on TZS 600bn current loans | 1% = TZS 6bn | 0% | TZS 6bn floor removed |
| Microfinance especially mentioned, TZS 2bn | 5% = TZS 100m | 3% = TZS 60m | TZS 40m lower |
| Single insider limit | 10% of core capital | 10% = TZS 10bn of Tier 1 | Base changes |
The TZS 6 billion is a floor, not a release: if IFRS 9 expected loss on current loans is TZS 4 billion, the bank still books TZS 4 billion.
If its foreign exchange position exceeds the limit by TZS 500 million for three days, 1 percent is TZS 5,000,000 a day. The penalty is TZS 15,000,000 under both texts.
A new bank applicant pays TZS 10,000,000 (F0552) and needs TZS 15 billion of Tier 1 (F0553).
What to do now
- Read the drafts that touch you. Assign each to an owner: governance, finance or credit risk.
- Run a gap analysis. Compare board size, independence, video meetings, foreign staff and insider lending against the drafts.
- Model the numbers. Recalculate single borrower headroom under the five bands and provisions at the new rates.
- Map products and systems. List products, fintech partnerships and core banking changes planned for 2027, since each may need prior approval.
- Draft and file comments. Submit through the right form before 28 October 2026, quoting regulation numbers and asking for transition periods.
- Plan board changes. If the board has fewer than seven members, start the search and the BoT approval file now. Existing institutions would get six months from gazettement.
- Watch the Gazette. Track the final notices and effective dates.
Key dates and deadlines
| Date | Event | Source |
|---|---|---|
| 28 September 2026 | Date in the file names of the seven draft PDFs | BoT feedback page |
| 28 October 2026 | All seven comment forms close | BoT feedback forms 35 to 41 |
| Not yet known | Gazettement of the final regulations | Government Gazette |
| Six months after publication | Existing banks to meet board size and composition | Governance draft reg. 6(5); licensing draft reg. 14(5) |
| Within 7 days of an event | Vacancies, insider credit, correspondent banks | Several drafts |
Until gazettement, the 2014 and 2021 rules govern.
How Zatra helps
Zatra's corporate governance advisory team reviews boards and charters against the drafts. Our internal controls and risk advisory team models limits and provisioning. Bank investors use our due diligence and M&A services. See pricing or contact us.
BoT fees are paid to BoT at the official amount against a control number, separate from Zatra's professional fee. Our government fees handbook lists the official figures.
Zatra prepares and coordinates the file; it does not decide or guarantee any authority's outcome. Sanctions, disputes, court or tribunal work and formal legal opinions go to an advocate on our team.
Sources and status
Accurate as at 12 October 2026. The drafts may change before gazettement.
- BoT public feedback page: Bank of Tanzania, live, deadline 28 Oct 2026. Accessed 12 Oct 2026.
- Draft Corporate Governance Regulations, 2026: BoT, file dated 28 Sep 2026. Accessed 12 Oct 2026.
- Draft Credit Concentration Regulations, 2026: BoT, file dated 28 Sep 2026. Accessed 12 Oct 2026.
- Draft Licensing Regulations, 2026: BoT, file dated 28 Sep 2026. Accessed 12 Oct 2026.
- Draft Management of Risk Assets Regulations, 2026: BoT, file dated 28 Sep 2026. Accessed 12 Oct 2026.
- Draft Microfinance Activities Regulations, 2026: BoT, file dated 28 Sep 2026. Accessed 12 Oct 2026.
- Draft Representative Offices Regulations, 2026: BoT, file dated 28 Sep 2026. Accessed 12 Oct 2026.
- Draft Foreign Exchange Exposure Limits Regulations, 2026: BoT, file dated 28 Sep 2026. Accessed 12 Oct 2026.
- Feedback form 37: BoT, live, closes 28 Oct 2026. Accessed 12 Oct 2026.
- Bank Supervision: Regulations: BoT, live 2026. Accessed 12 Oct 2026.
- Banking and Financial Institutions Act, 2006: BoT copy; ss.2(1), 15. Accessed 12 Oct 2026.
- GN 767 of 2021 (Corporate Governance): BoT, 2021. Accessed 12 Oct 2026.
- GN 454 of 2023 (Governance amendment): BoT, 14 Jul 2023. Accessed 12 Oct 2026.
- GN 297 of 2014 (Licensing): BoT, 2014. Accessed 12 Oct 2026.
- GN 13 of 2023 (Licensing amendment): BoT, 20 Jan 2023. Accessed 12 Oct 2026.
- GN 288 of 2014 (Credit Concentration): BoT, 2014. Accessed 12 Oct 2026.
- GN 287 of 2014 (Risk Assets): BoT, 2014. Accessed 12 Oct 2026.
- GN 298 of 2014 (Microfinance Activities): BoT, 2014. Accessed 12 Oct 2026.
- GN 292 of 2014 (Foreign Exchange Exposure): BoT, 2014. Accessed 12 Oct 2026.
- The Citizen on the ten-year limit: 1 Oct 2026, headline only. Accessed 12 Oct 2026.
- Mwananchi on the ten-year limit: 1 Oct 2026, summary only. Accessed 12 Oct 2026.
- The EastAfrican on bank tenure: 7 Oct 2026, summary only. Accessed 12 Oct 2026.
- Shikana Law Group on the 2021 Regulations: Mondaq, 9 Feb 2022. Accessed 12 Oct 2026.
- Zatra fee register lines F0552, F0553, F0554, F0557: fees at 26 Sep 2026. Accessed 12 Oct 2026.
Figures to confirm before you act
- Final text: GN numbers and effective dates not yet known
- Representative office fee of TZS 10,000,000: from the draft's Second Schedule, item 12; not in the fee register
- Foreign branch gate of TZS 150 billion (F0557): the 2023 amendment (GN 13 of 2023) replaced regulation 40 with qualitative tests; confirm with BoT
- Single borrower bands: the draft's 125 percent and 100 percent tests overlap; confirm the final table
- Two-year cooling-off between banks: in the 2021 Regulations (reg. 13) but not found in the draft
- Overall foreign exchange limit: set by BoT outside the regulations; neither text states the percentage
- Press reports: read at headline or summary level only
This article is general information based on official sources available at the date of publication. It is not legal, tax or financial advice. Laws and notices change. Verify with the issuing authority or consult Zatra before acting.
Frequently asked questions
Are the BoT draft banking regulations already in force?
No. They are drafts with no Government Notice number. The 2014 and 2021 regulations apply until the final regulations are published in the Gazette. Watch for the effective date and any transition period.
Can one person sit on the boards of two banks?
Not without BoT's prior approval. Regulation 6(3) of the governance draft bars a person from serving on the board, or in an executive role, of more than one bank in Tanzania. BoT may allow it where there is no conflict of interest.
Do the drafts change the minimum capital to open a bank?
No figure changes in these drafts. The licensing draft points to the Capital Adequacy Regulations, 2023 for minimum Tier 1 capital, which is TZS 15 billion for a commercial bank (F0553). Capital adequacy is not among the seven drafts open for comment.
Can a bank lend to its own director?
Yes, within limits. All board members except the conflicted director must approve, and BoT must be told within seven days. Terms may be no better than for other customers, and unsecured insider credit is restricted. Salary advances may not exceed annual pay.
Will lower provisioning rates raise bank profits?
Not automatically. Banks report under IFRS 9 expected credit loss, and the drafts keep the rule that regulatory provisions are a floor. A lower floor helps mainly where the regulatory figure was above the IFRS figure and a reserve was needed. Each bank's effect depends on its own models.
Does a fintech need BoT approval to launch a product with a bank?
Under the licensing draft, the bank must obtain BoT's prior approval before introducing or modifying a product, with a risk description. The duty sits on the bank, but the fintech will supply much of the file. Payment services may also need a separate licence; see our fintech licensing guide.
Is there a penalty amount in the governance or licensing drafts?
They allow a penalty "of the amount to be determined by the Bank" without a figure. Other sanctions include dividend bans, suspension of lending or deposit-taking, licence revocation, and suspension or disqualification of individuals. The foreign exchange draft is the exception, with fixed daily penalties.
Sources & regulators
Verify before filing: Rates, forms and thresholds move by Finance Act, Government Notice and portal revision. Confirm the live schedule on the mandate-holder portal before you budget or submit. Law-firm alerts and Big Four notes are discovery only.
- Bank of Tanzania: Mrejesho (public feedback page): Bank of Tanzania, live page listing seven drafts, deadline 28 Oct 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Draft Banking and Financial Institutions (Corporate Governance) Regulations, 2026: Bank of Tanzania, file dated 28 Sep 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Draft Banking and Financial Institutions (Credit Concentration and Other Exposure Limits) Regulations, 2026: Bank of Tanzania, file dated 28 Sep 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Draft Banking and Financial Institutions (Licensing) Regulations, 2026: Bank of Tanzania, file dated 28 Sep 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Draft Banking and Financial Institutions (Management of Risk Assets) Regulations, 2026: Bank of Tanzania, file dated 28 Sep 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Draft Banking and Financial Institutions (Microfinance Activities) Regulations, 2026: Bank of Tanzania, file dated 28 Sep 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Draft Banking and Financial Institutions (Representative Offices of Foreign Banks and Financial Institutions) Regulations, 2026: Bank of Tanzania, file dated 28 Sep 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Draft Banking and Financial Institutions (Foreign Exchange Exposure Limits) Regulations, 2026: Bank of Tanzania, file dated 28 Sep 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Bank of Tanzania: Feedback form 37 (Licensing): Bank of Tanzania, live form closing 28 Oct 2026, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions Act, 2006 (Act No. 5 of 2006): Bank of Tanzania copy of the 2006 Act, s.2(1) application to Zanzibar, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Corporate Governance) Regulations, 2021, GN 767 of 2021: Bank of Tanzania, 2021, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Corporate Governance) (Amendment) Regulations, 2023, GN 454 of 2023: Bank of Tanzania, published 14 Jul 2023, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Licensing) Regulations, 2014, GN 297 of 2014: Bank of Tanzania, 2014, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Licensing) (Amendment) Regulations, GN 13 of 2023: Bank of Tanzania, published 20 Jan 2023, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Credit Concentration and Other Exposures Limits) Regulations, 2014, GN 288 of 2014: Bank of Tanzania, 2014, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Management of Risk Assets) Regulations, 2014, GN 287 of 2014: Bank of Tanzania, 2014, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Microfinance Activities) Regulations, 2014, GN 298 of 2014: Bank of Tanzania, 2014, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- Banking and Financial Institutions (Foreign Exchange Exposure Limits) Regulations, 2014, GN 292 of 2014: Bank of Tanzania, 2014, read 12 Oct 2026; primary source. Accessed 2026-10-12.
- The Citizen: Bank CEOs, directors in Tanzania should not serve for more than 10 years, says BoT: The Citizen, 1 Oct 2026, headline and date only; independent news source. Accessed 2026-10-12.
- Mwananchi: BoT yasistiza ukomo wa miaka 10 kwa mabosi wa benki: Mwananchi, 1 Oct 2026, headline and summary only; independent news source. Accessed 2026-10-12.
- The EastAfrican: No more forever CEOs, Tanzania moves to cap tenure for bank leadership: The EastAfrican, 7 Oct 2026, headline and summary only; independent news source. Accessed 2026-10-12.
- Shikana Law Group: New Banking and Financial Institutions Regulation on Corporate Governance: Shikana Law Group via Mondaq, 9 Feb 2022; independent law firm note on the 2021 Regulations. Accessed 2026-10-12.
Disclaimer
This article is informational orientation. It is not legal, tax or investment advice and not a government decision. Tanzanian instruments move by Act, Government Notice, Finance Act and portal revision. If a sentence here disagrees with the live mandate-holder, the mandate-holder wins. Zatra Consultants Limited does not issue licences, permits, tax clearances or approvals, and gives no assurance of any regulatory or banking outcome. Professional fees are published only on /pricing/.