Financial institutions pumped an additional Sh This was an increase of Tanzania has maintained its central bank rate CBR at 6 per cent for a fourth successive quarter as it anticipates more liquidity and inflation control in the domestic economy this year. BoT introduced a benchmark bank interest rate in January as part of a policy shift aimed at curbing a worrying spike in interbank lending rates.
The CBR replaced a previous policy pegged on money supply factors that had become increasingly unpredictable. The initial rate was 5. Since then it has not changed across three quarters as other East African Community EAC countries have struggled to keep their lending rates below 10 per cent. Need for urgent cash forces govt to increase interest in first bond auction. Investors in government debt last Wednesday hit a jackpot, securing interests of The year treasury bond had earlier offered a Rwanda has scrapped the export licence to improve the business climate as well as stimulate the growth of small and medium enterprises.
The Ministry of Trade and Industry said permits would no longer be required for businesses, except when mandated by the importing country. As part of trade reforms in , Trade and Industry Minister Prudence Sebahizi also reviewed import licences in a bid to reduce red tape for imports from East African Community members and other countries.
An export licence is issued by states to authorise the export of specific goods in specific quantities to regional and international destinations.
This licence, which is a critical component in international trade, ensures that exports comply with legal standards and international agreements. While export licences help regulate goods that could have a significant impact on national security, foreign policy and economic stability, others have turned into non-tariff barriers. In her briefing regarding the achievements of the macroeconomic reform and next endeavours, the minister noted that the government has been implementing new economic and social policy perspectives to address systematic and structural problems.
