×
The Standard e-Paper
Informed Minds Prefer The Standard
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Bank of Tanzania has revoked business licenses for five banks due to the breaching of core capital rules. This move comes three weeks after President John Magufuli directed the country’s regulator to take action on such banks.
It also ordered for a compulsory liquidation and possession of The Covenant Bank for Women (Tanzania) Limited, Efatha Bank Limited, Njombe Community Bank Limited, Kagera Farmers’ Cooperative Bank Limited and Meru Community Bank Limited.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join