Tanzania Banking & Financial Services Q3 2018
The banking and finance sector is set to see net asset value (NAV) rise from USD1.68bn in 2017 to USD4.34bn by 2027,an increase of nearly 160% over the 10-year period. Outside the banking industry, the insurance sector is set for strong growth, butfrom a very low base, and will not be a significant generator of investment. Asset management remains focused on equities, whichhave seen their assets undermined by a bearish stock exchange performance in H118, while the real estate sector remains under-exploited.
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