DAR ES SALAAM: THE Governor of the Bank of Tanzania (BoT), Emmanuel Tutuba, met with Singapore’s Ambassador to Tanzania, Douglas Foo, in discussions aimed at enhancing cooperation between Tanzania and Singapore in the financial sector and the development of the digital economy.
During the talks, both sides explored opportunities for collaboration in developing digital payment systems, the use of Artificial Intelligence (AI), and improving the regulation of digital currencies to strengthen the security of financial systems. They also emphasized the importance of enhancing regional transaction systems and cross-border trade to facilitate business and increase competitiveness.
The discussions further highlighted the significance of cooperating to address the challenges of climate change and its economic impacts, as well as exchanging technical expertise in financial and digital matters.
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Ambassador Foo expressed Singapore’s readiness to continue collaborating with Tanzania in all identified priority areas, aiming to strengthen bilateral relations and promote joint development.
Ambassador Foo, who represents Singapore, is in Tanzania on a six-day working visit from 22 to 27 February 2026.