Tanzania Banking & Financial Services Q4 2018
The banking and finance sector is set to see net asset value (NAV) rise from USD1.88bn in 2018 to USD5.13bn by 2027,an increase of more than 170% over the 10-year period. Outside the banking industry, the insurance sector is set for strong growth,but from a very low base, and will not be a significant generator of investment. Asset management remains focused on equities,which have seen their assets undermined by a bearish stock exchange performance in 2018, while the real estate sector remainsunder-exploited.
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