United Republic of Tanzania

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 →

National Microfinance Bank, Medical Credit Fund Sign Deal to Boost Health Services

Health services are set to improve after the National Microfinance Bank (NMB) and the Stichting Medical Credit Fund (MCF) inked a partnership to provide affordable loans to private health facilities of Read More →

National Bank of Commerce Tanzania Profit Soars to 12bn/-

National Bank of Commerce (NBC) has posted a net profit of 12bn/-, an increase of over 30 per cent from the previous year, bringing the bank into the competitive arena. However, the Read More →

AccessBank Tanzania Upbeat About Future Despite Challenges

Accessbank Tanzania (ABT), is a one-stop bank for micro and small enterprises and a socially responsible bank for the lower and middle income earners in the country. The bank’s loans Read More →

Tanzania Postal Bank Profit Climbs 17 Per Cent

Tanzania Postal Bank profitability trend continues sending positive signals as it prepares to list at the Dar es Salaam Stock Exchange (DSE). The bank, which the government has 85.87 per cent stake, Read More →

NMB Opens Branch at Nyamongo

National Microfinance Bank (NMB) has become the first bank to open its branch at Nyamongo area in Tarime District, Mara Region. Nyamongo is the home of North Mara Gold Mine which is Read More →

Mobile Payments Claim Share in EA Payment system

Mobile money payment in East Africa is eating up the share of transactions which pass through banking payment system. The mobile payments, which Bank of Tanzania (BoT) is still analysing, are making Read More →
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