United Republic of Tanzania

Simbanking Enjoys Tremendous Success – Tanzania

Simbanking users have increased by 140 per cent in the first six months of this year, raising the bar of e-transaction in the country. The surge, from 250,000 users in 2015 Read More →

Vodacom Tanzania M-Pawa Loans Reach 4.2bn/- in May

Over 4.2bn/- in loans was disbursed to Vodacom subscribers last month through M-Pawa thus becoming an important tool of boosting entrepreneurship among women and youth. Vodacom Tanzania Chief Officer M-Commerce Mr Sitoyo Read More →

Umoja Switch Launches Celebrations to Mark 10th Anniversary

Umoja Switch plans sensitisation campaign to university students to stimulate innovation and promote use of technology in the banking sector. The Umoja Switch Chief Executive Officer, Mr Danford Mbilinyi, said they are Read More →

The Move By the Central Bank to Regulate Mobile Services Lauded – Tanzania

The move by the Central Bank to regulate companies providing mobile financial services in the country starting next month have been welcomed with open arms by different stakeholders. A rice wholesaler in Read More →

CRDB lans holding Company to Oversee Subsidiaries After Expansion

CRDB Bank is planning to establish a holding company to oversee its subsidiaries after expanding operation outside the country. This came after the bank now envisage crossing to Lubumbashi in Read More →

Dar Bank Simplifies Account Opening Procedures

Customers at Barclays Bank Tanzania (BBT), will now be able to open a bank account within 20 minutes as the bank seeks to attract new customers in an increasingly competitive environment. Speaking Read More →

Access Bank Agent Banking Transactions Hit 2.5bn/- in May

Access Bank has posted a total transaction of 2.5bn/- through its agent banking channel, in May this year. The Chief Banking Service Officer, Mr Sebastien Simonot said in Dar es Salaam that Read More →

Has Africa Been Left Behind by Formal Financial Services?

Has Africa been left behind by formal retail financial services? This is the question posed by the African Financial Retail Readiness Index (AFRRI). The first annual AFRRI report looks at Read More →

Equity Bank Named the Most Innovative Bank in East Africa 2016

Equity Bank, Kenya’s largest in terms of customers’ base, has been recognized as the 2016 most innovative Bank as Equitel scooped the best mobile banking service at this year's Banker Read More →

Pre-paid Visa Card Launched to Boost Cash-less Transactions

Regency Innovation Solution and UBA Tanzania signed a Memorandum of Understanding (MoU) to offer pre-paid visa cards throughout Africa starting with Tanzania. This was announced in Dar es Salaam yesterday by Regency Read More →
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