United Republic of Tanzania

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 →

Standard Chartered Bank Tanzania Wins Key Africa Banker Award

Standard Chartered Bank Tanzania Limited has won the Best Customer Service Award from the Banker Africa. This achievement was announced at a gala dinner event held in Nairobi last week. The Africa Read More →

CRDB’s Kimei Wins Prestigious EA Banker Award

CRDB Bank Managing Director, Dr Charles Kimei, has received the Life Time Achievement Award in recognition of more than 30 years of outstanding contributions to the banking and financial sector in Read More →

China’s UnionPay to Accept Umoja Switch Card Holders

Umoja Switch card holders will soon be able to use their cards in China thanks to partnership agreement signed between Umoja Switch and UnionPay. Already UnionPay card-holders access their finance through Read More →

Tanzania’s Switch Organization Enables All Its ATMs to Accept UnionPay Cards

UnionPay International and Tanzania’s bankcard switch organization Umoja jointly announced that UnionPay cards (card number starting with 62) will be accepted at all ATMs that subordinate to Umoja. This will Read More →

Tanzanian Banks Cautioned Against Bad Financial Transfers

The Minister of Finance and Planning, Dr Phillip Mpango, has cautioned local banks to be careful when handling all forms of digital money transactions especially involving overseas parties, because at the Read More →

CRDB Eyes Foothold in DR Congo

CRDB Bank plans to expand services to DR Congo to tap growing business opportunities in the central African state after remarkable successes in its operations in Burundi. The bank has already Read More →

Dar es Salaam Gets 14bn/- Fine Paid by Standard Bank Over Bribery Flaw

The United Kingdom (UK) has transferred to Tanzania 7 million US dollars (more than 14bn/-) fine that Standard Bank paid as a result of its failure to prevent bribery, British High Read More →

National Microfinance Bank Tanzania Scoops Best Retail Bank Award

National Microfinance Bank (NMB) has scooped the Asian Banker’s Best Retail Bank in Tanzania for 2015 Award in recognition of its efforts to promote financial inclusion. NMB’s Head of Branch Operations Japhet Read More →
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