Conference papers

THE INFLUENCE OF DIGITAL FINANCIAL SERVICES IN ENHANCING FINANCIAL INCLUSION:

Thu, 25 Nov 2021 00:00:00 GMT

THE INFLUENCE OF DIGITAL FINANCIAL SERVICES IN ENHANCING FINANCIAL INCLUSION: MBESIGWE, Watson G. & JILENGA. Moga T Dr The study sought to examine the Influence of Digital Financial Services in Enhancing Financial Inclusion in Tanzania. The study adopted a descriptive research design. The descriptive design was embraced as it enables the review of the relationship of the variables under study. This study used a sample size of 60 respondents who were selected through simple random sampling from Heritage Microfinance Limited, Amani Microfinance Ltd, FINCA Microfinance Ltd, and Bayport Financial Services. Data were collected by the use of questionnaires and the data were analyzed with the aid of the Statistical Package of Social Scientists Program (SPSS). The study unveiled that online account registration, internet banking, online loans processing, mobile banking, and agency banking are the digital financial services offered by Microfinance Institutions in Arusha. In addition, study findings revealed that digital financial services are positively enhanced financial inclusion in Tanzania. Moreover, the findings indicated a positive and significant correlation between digital financial services and financial inclusion. The study recommended that Microfinance Institutions in Tanzania should make use of popular social media platforms to promote their services and also educate the customers about the uses of the products they offer. However, to gain more understanding of this subject, a study may consider a bigger context in terms of scope and population, however, it be done by using similar variables to examine if the results will be the same to different economies.

THE IMPACT OF FISCAL POLICY ON ECONOMIC GROWTH CASE OF THE TANZANIAN ECONOMY 2000-2020

Thu, 25 Nov 2021 00:00:00 GMT

THE IMPACT OF FISCAL POLICY ON ECONOMIC GROWTH CASE OF THE TANZANIAN ECONOMY 2000-2020 MUSSA, Khadija J & LASWAI, Richard B. The study assessed the impact of fiscal policy dynamics on economic growth concerning the Tanzanian economy 2000-2020. The study was guided by three predicting variables tested on economic growth as the dependent variable. The predicting variables include recurrent expenditure, development expenditure, and income tax. The explanatory design was used to depict the knowledge gap for the inquiry employing causal relationship testing between study variables. Secondary data were used whereas specifically using panel data in time series for the period of 21 years (2000-2020). The data were gathered from secondary sources, which were filled in an Excel sheet and imported into the E-view 10 software for generating statistical measurements to present the results. Findings indicated that among three predicting variables, two namely recurrent expenditure and development expenditure, have been found significant on economic growth (p<0.05). However, income tax was found significant towards economic growth with (p>0.1) 10% level of significance. This implies that economic growth through fiscal policy dynamics is influenced by recurrent expenditure and development expenditure, and income tax.

THE EFFECTS OF REGIONAL CUSTOMS POLICIES AND REGULATIONS ON REVENUE COLLECTION IN TANZANIA

Wed, 24 Nov 2021 00:00:00 GMT

THE EFFECTS OF REGIONAL CUSTOMS POLICIES AND REGULATIONS ON REVENUE COLLECTION IN TANZANIA CORNELIUS, Cornelius E. & DEPARTMENT of Business Management The study was conducted to assess the effects of regional customs policies and regulations on revenue collection in Tanzania. Specifically, the study aimed at determining the regional customs policies and regulations affecting revenue collection in Tanzania, establishing the effects of trade liberalization on revenue collection in Tanzania, and assessing the challenges facing the Tanzania Revenue Authority in implementing international and regional customs policies and regulations. This was a cross-sectional study, where respondents were obtained using the Purposive sampling technique, and a total of 80 respondents were included from Namanga border post, Tunduma border post and Dar es Salaam port, and Inland Clearance Depot in Dar es Salaam. Questionnaires, interviews, and document reviews were used as the main tools for collecting data. The findings revealed that the World Customs Organization through the Revised Kyoto Convention, SADC as well as the EAC protocols’ provisions on the dutyfree, free movement of people, goods, and products reduce the amount of imports revenues in Tanzania. The study concludes that there is a significant influence of regional customs policies and regulations on revenue collection. Also, it was found that customs laws, policies, and regulations are not the main factors lowering the imports duties; instead, there are many more factors such as political interference, Technological advancement, Low-quality products imported, lack of training, and low understanding of regional integration and trade liberalization among employees at the border posts are some challenges facing TRA customs at the Border Posts. The study recommends that the government of Tanzania reduces the number of goods and services that are imported without paying any tax; review the agricultural products that must pay tax, and which must be duty-free. TRA organizes frequent training to employees to increase their understanding of the laws, policies, and regulations governing customs in regional groupings. TRA strengthens the tax evasion department to control the illegal entry of goods and products in all Borders in the country.

THE EFFECT OF WORKING CAPITAL MANAGEMENT ON THE FINANCIAL PERFORMANCE

Thu, 25 Nov 2021 00:00:00 GMT

THE EFFECT OF WORKING CAPITAL MANAGEMENT ON THE FINANCIAL PERFORMANCE SINGITU, Juma J. & BASESA, Jumanne Dr Working capital management has an important role in the firm’s success or failure because of its effect on its performance and liquidity. The performance of manufacturing firms is paramount to achieving the national goal of industrialization by 2025 as manufacturing firms constitute the industrial sector largely. This study examines the effect of working capital management on the financial performance of five (5) listed manufacturing firms in Tanzania for a period of twelve (12) years (2008-2019). Data for the study were quantitatively retrieved from the published audited annual reports and accounts of the studied firms. The study employed descriptive statistics to describe the variable while the relationships among the variables were established via correlation. Variable Inflation Factor was used to determine the existence or otherwise of multicollinearity, while Ordinary Least Square regression was used to analyse the data. The study found that both accounts receivable days, accounts payable days and inventory days are positively related to the financial performance of the studied companies with significant test statistics. Therefore, it is concluded that the financial performance of selected manufacturing firms is influenced by working capital components and hence objective of the study has been achieved. The study, however, recommends that the management increase and/maintain their account receivable period and account payable period and invest more in inventory as all these will have an overall positive effect on the financial performance of listed manufacturing firms in Tanzania. It is further recommended that scholars and researchers conduct further studies on other factors apart from working capital components that significantly impact the profitability of Tanzania’s listed manufacturing firms to achieve industrial success and development