The Tanzanian banking sector recordedstrong growth in 2022 (and 2023), with profits before tax reaching TZS 1.4 trillion, a 38% increase from TZS 1 trillion in 2021. Net profit reached TZS 875,027 billion compared to TZS 676,863 million. As of March 2024,47 licensed banks are operating i...
“Square Financial Services will continue to sell loans to third-party investors and limit balance sheet exposure. We do not expect the bank to have a material impact on Square’s consolidated balance sheet, total net revenue, gross profit, or Adjusted EBITDA in 2021.” READ ALSO:Square Purcha...