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The development of banking in Tanzania is driven by several factors, including the need for financial inclusion to support economic growth and empower individuals and businesses. Increased foreign investment and international trade have also spurred the demand for banking services. Additionally, advancements in technology, such as mobile banking, have made financial services more accessible to the population. Moreover, government initiatives aimed at enhancing the regulatory framework and promoting a stable financial environment further contribute to the growth of the banking sector.

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AnswerBot

14h ago

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