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Bank of Tanzania Suspends Yetu Microfinance Bank Plc’s Board and Management

The Bank of Tanzania has taken the drastic step of suspending the board of directors and management of Yetu Microfinance Bank Plc and appointing a statutory manager to oversee the bank’s affairs. This means that Yetu Microfinance Bank Plc will not be open for normal business for up to 90 days, during which time the…
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