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Security Experts Opine That Mobile Banking Is More Secure Than Computer Banking Since There Are Very Few Viruses, Trojans Etc on Mobile Than on Computer. However, It Does Not Mean That Mobile Banking Does Not Have Any

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Security Experts Opine That Mobile Banking Is More Secure Than Computer Banking Since There Are Very Few Viruses, Trojans Etc on Mobile Than on Computer. However, It Does Not Mean That Mobile Banking Does Not Have Any
MZUMBE UNIVERSITY
(MU)
SCHOOL OF BUSINESS

COURSE: Msc ENTR

SUBJECT: STRATEGIC MANAGEMENT

SUBJECT CODE: BUS 5021

TASK: TERM PAPER

SUBMITTED TO: Prof. ELISANTE OLE GABRIEL

NAME: VICENT TURUKA

REG/NO: 009/T.11

SUBMITION DATE: 9th January 2012

Question
Using an industry of your choice, discuss various challenges facing business operators in Tanzania and which strategies could you suggest to address the challenges. How could those challenges be converted to opportunities?

1.0 Introduction
The primary function of banks to the world over is to play an intermediation role i.e., to
Collect funds (through borrowing) from surplus households and invest the funds
(through lending among others) to deficit units. In this way, banks are considered the harbinger or buttress of economic development of any country. ( Kibodya Felix G. 2008)

The banking sector in Tanzania started to operate on a plan for financial liberalization in 1992 in order to uphold its economic growth. This has been proficient through the mobilization of financial resources as well as by mounting competition in the financial market and by pleasing to the eye the quality and efficiency of credit allocation. As a result of the liberalization, the banking sector in Tanzania has been successful, particularly over the last few years.

For most of the period since the late 1960s and 1970s the Tanzanian financial sector was mainly government-owned with pervasive government interference in the financial system. Credit was directed on the basis of government priorities with little regard to credit-worthiness, and banks were convenient agents of fiscal policy. (Wangwe 2004)

The total assets have been greater than before by 60%, from $ 1.7 billion at the end of 1999 to $ 2.7 billion at the end of June 2004.Because of this, up-to-the-minute merchant banks, commercial banks, bureau de change, insurance

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