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United Republic of Tanzania

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 →

StanChart Group CEO Jets into Dar es Salaam

Standard Chartered Bank Group’s Chief Executive Officer Bill Winters is today visiting the bank offices in Tanzania. The bank said in a statement in Dar es Salaam yesterday during the visit, Mr Read More →

Tanzania Among Africa’s Mobile Banking Leaders

Tanzania is among the three East African states that lead the Sub-Saharan Africa in mobile banking, according to the International Monetary Fund (IMF). The Breton Wood institution said out of 28 countries Read More →

Women Starve of Financial Services

Despite Tanzania leading in Africa with the most conducive environment for financial inclusion, Tanzanian women’s access to financial services remains disappointingly low. Tanzania has taken the top slot for financial inclusion Read More →

Exim Bank Tanzania Launches its First Cash Deposit Machine

Exim Bank has unveiled Cash Deposit Machine for Pacific International Lines (PIL) customers to deposit cash directly to their accounts. The CDM which has recently been placed at Maktaba Square will Read More →

NMB Meets Large Customers in Mwanza

National Microfinance Bank (NMB) has met with more than 100 top ends business customers and corporate commanding an annual turnover of over 10bn/- from the Lake Zone to discuss on the Read More →

New Microfinance Bank Opens in Arusha Tanzania

A new microfinance bank, hatched from Arusha Club Savings and Credits Cooperative Society (SACCOS), has been launched to extend financial services in the northern tourist city of Arusha. Hakika Microfinance Bank, Read More →
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