Dar es Salaam, Dec. 8 -- Tanzania is likely to attain the needed progress in the financial sector if it is able to ensure that it implements the six pillars identified in the Absa Africa Financial Market Index 2022.

The Deputy Permanent Secretary-Economic Management Policies, Ministry of Finance and Planning Mr Lawrence Mafuru, said at the launch of the report on Wednesday in Dar es Salaam that highlights six important pillars if African countries are to accelerate in development.

“The six pillars are useful and will complement well the efforts Tanzania is making to boost its financial sector to the highest level and enhance its contribution to economic growth,” he said.

The six pillars include market depth, access to forei...