LiteFinance has expanded to Tanzania after many years it has only one headquarters in Saint Vincent and Grenadines.
LiteFinance opens a second regional office in Tanzania, around eastern Africa. The broker commits that they will provide the highest level of service, as so many clients come from the country. In Arusha, the capital of Tanzania, the managers of LiteFinance at the office are ready to assist their clients in opening some accounts and consult on the company's services. In addition, the clients can also sign up for educational courses on trading and the Forex market in the office.
Opening a branch in Africa greatly benefits LiteFinance's business track record. More than 500,000 traders worldwide, and almost 300 new accounts daily reflect that the broker's service is reliable and optimal. Therefore, the headquarters in Saint Vincent and Grenadine must be expanded to other strategic countries.
LiteFinance chooses Tanzania because the country has achieved relatively strong economic growth and declining poverty rates. Based on WorldBank data, Tanzania has a population of about 61.5 million, of which about a third live in urban areas. Tanzania's 2021 GDP was $67.8 billion, while its per capita income in 2021 was about $1,136. Liteforex is not the only forex broker which targets to expand in Tanzania. Before, there was Exness that has an office there.