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Tanzania licences new commercial bank

A Guaranty Trust Bank (Kenya) signpost. Tanzania’s central bank on Friday issued a banking license to a new commercial bank - Guaranty Trust Bank (Tanzania) Limited. FILE PHOTO | NATION

By  KIPLAGAT EDWIN

Tanzania’s central bank on Friday issued a banking license to a new commercial bank - Guaranty Trust Bank (Tanzania) Limited.

“The license allows the bank to carry out banking business in Tanzania as a commercial bank,” BoT said in a statement.

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