(ArushaTimes) – The Central Bank of Tanzania, intends to construct a special  backup service  premises for the whole  country  in Kisongo,   Arusha-Rural District.

The BOT Governor, Prof Benno Ndullu, who was in Arusha recently, revealed that the Central Bank Recovery Site will play an auxiliary role of providing backup services to the country’s banking system in case of disaster or any form of emergency.

Earlier, the Arusha Rural District Executive Officer, Mr Khalifa Hida, had revealed that 50 out of the 400 hectares of the land, previously meant for establishing a satellite ‘Arusha Safari City,’ will be set aside for the construction of new premises to house various local and international institutions among them the Bank of Tanzania (BOT).

That came after the realization that the proposed new ‘Safari City’ project will no longer be executed following series of controversies surrounding the whole deal. Click here to read more

Elsewhere on Ventures

Triangle arrow