BoT’s In-house ICT expertise excites Bank of Seychelles

DAR ES SALAAM: EXPERTS from the Central Bank of Seychelles (CBS) have visited the Bank of Tanzania (BoT) to learn how BoT develops and operates IT systems using in-house experts.

 The visit took place from 10 to 14 November 2025 at the Bank’s offices in Dar es Salaam.

During the visit, the experts were given an overview of how BoT develops and operates its systems, quality assurance procedures, as well as measures taken to ensure the security of the systems.

On July 30, 2025, speaking at the iCBS launch event, Retired Vice President, Dr. Philip Mpango, cited the Bank of Tanzania as a role model in the way it uses its in-house experts in implementing various projects, which helps ensure timely completion and quality.

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Speaking after visiting the museum, one of the experts from CBS commended the Central Bank of Tanzania for establishing its museum with in-depth content that explains the history of the country’s economic and financial sector development in the context of where we came from, where we are, and where we are going.

“We’re educated about the process used in the development of the Instant Payment System (TIPS) and the Integrated Central Banking System (iCBS), both of which were systems developed by experts within the institution,” they said.

Also, the experts from Seychelles had the opportunity to visit the Central Bank of Tanzania Museum, where they were briefed on the history of finance in the country, including the history of the BoT since its establishment on 14 June 1966.