Dar es Salaam, March 19 -- TANZANIA: THE banking sector has grown fast in the last three years, thanks to a strong economic environment accompanied by falling inflation.

The sector last year grew by 16 per cent, overtaking the remaining sectors by far. The second most growing sector was mining and quarrying which grew by 10.2 per cent.

And most banks posted historic profits. Vice-President, Dr Philip Mpango, said the sector performed well in post Covid-19 and managed to withstand headwinds.

“My tribute goes to the good work done by the leadership of all financial sector institutions for making this sector strong and resilient by increasing creativity and the ability to adapt to the current environment. “This is a big step t...