Regulatory Alerts2024-01-01
Guidance Note on Change of Ownership, Lease of Licence and Closure of Business by Licensed Microfinance Service Providers (2025)
The Bank of Tanzania has issued a 2025 Guidance Note mandating licensed Tier 2 Microfinance Service Providers in Mainland Tanzania to comply with new procedures for business closure, ownership changes, and licence leasing. Providers intending to close operations must notify the Bank and submit prescribed documentation, while those changing ownership must secure prior regulatory approval before proceeding. A thirty-day moratorium from the January 10 effective date allows previously unnotified providers to regularize their status by submitting the required filings.
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