Joseph Sheffu
economistMale0.0Global Dominance: 0.00%
Joseph Sheffu is the country leader for Ernest & Young (EY) in Tanzania, where he has been vocal about the need for innovation and strategic support within the banking sector. Recently, he highlighted concerns regarding the excessive concentration of market power in the hands of two major banks, CRDB and NMB, warning that this could lead to systemic risks and hinder the competitiveness of smaller financial institutions in the country.
Power0
Reach0
Collect
Not in the pool (under ¢1).
Recent news mentions
Mr Joseph Sheffu, Ernst & Young Tanzania Country Managing Partner, commented on the aggressive lending practices of banks.
Credit expansion hits record high as banks push deposits to the edgeThe Citizen – major Tanzanian English newspaper, est. 2004·
Tanzania· 2025-12-03
Tanzania· 2025-12-03
Mr Joseph Sheffu warned that the concentration in the banking sector highlighted the need for innovation and strategic support.
What Tanzania’s over-reliance on two banks implies for economyThe Citizen – major Tanzanian English newspaper, est. 2004·Tanzania· 2025-10-02
Tanzania· 2025-10-02
