Dar es Salaam. The Bank of Tanzania (BoT) has assured the public that the country’s payment systems are secure, fully operational, and protected against fraud and cyber threats.
“Our payment systems are operating well, and there has been no hacking in any banks,” said Central Bank’s Governor, Emmanuel Tutuba. “Security teams are monitoring fraud and cyber threats, particularly from individuals with malicious intentions.”
He stressed that responsible financial behaviour among borrowers is essential for maintaining stability in the financial sector.
Reports show that Tanzanian banks are laying the foundations for artificial intelligence (AI) to detect fraud, automate operations, and improve customer services, while addressing a rise in cyber-attacks targeting financial institutions across East Africa.
Tanzania’s banks are implementing AI-driven solutions for fraud prevention, cybersecurity, personalisation, and automation, supported by robust and well-connected infrastructure.
The governor said Tanzania’s economy remains resilient due to sound economic policies and stable leadership.
“Our economy continues to perform steadily because of effective economic policies and a stable financial system,” he said, noting that the financial sector has adequate capital and liquidity to support growth.
Data presented during the event showed Tanzania’s economy grew by about six percent in 2025, while Zanzibar recorded growth of around 6.8 percent.
“Mainland Tanzania is expected to grow by about 6.3 percent in 2026, while Zanzibar’s economy could expand by around 7.2 percent,” Tutuba added.
He attributed the positive outlook to effective monetary and fiscal policies, improvements in the business environment, and rising export earnings.
On gold sales, Tutuba said the central bank occasionally sells part of its reserves to maintain foreign exchange liquidity, manage reserve diversification, and support macroeconomic stability.