Flash Report /
Tanzania

Tanzania: Slump in digital transactions is a short-lived negative

  • P2P transactions fell 38% while mobile money subscriptions declined 1.2% following an increase in transaction levies

  • Government reduced the levy by 30% on August 2021, hence the impact should be short lived

  • We still expect strong growth for CRDB and NMB on digital fee and commission income. Maintain our Hold recommendations

Tanzania: Slump in digital transactions is a short-lived negative
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
12 January 2022
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