Joseph Sheffu

Joseph Sheffu

economist Tanzania

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.

Global Media Ratings
Dominance
0.00%
Persistence
0 wks
Reach
139,566
Power
147$
Sentiment
6.00
Countries Mentioned
Country Mentions Sentiment Dominance + Persistence x Population = Reach x GDP (millions) = Power
Tanzania 1 6.00 0.23% +0% 59,734,213 139,566 $63,000 147$
Totals 1 59,734,213 139,566 $63,000 147$
Interactive World Map

Each country's color is based on "Mentions" from the table above.

Recent Mentions

Tanzania Tanzania: Mr Joseph Sheffu, Ernst & Young Tanzania Country Managing Partner, commented on the aggressive lending practices of banks. 6

The Citizen – major Tanzanian English newspaper, est. 2004: Credit expansion hits record high as banks push deposits to the edge

Tanzania Tanzania: Mr Joseph Sheffu warned that the concentration in the banking sector highlighted the need for innovation and strategic support. 6

The Citizen – major Tanzanian English newspaper, est. 2004: What Tanzania’s over-reliance on two banks implies for economy