United Republic of Tanzania

Banks in Tanzania Reduce Non-performing Loans

Financial institutions have managed to cut down on non-performing loans after increasing access to credit reference databank services. The number of borrowers submitted by banking institutions to the Credit Reference Databank increased Read More →

Standard Chartered Launches Roll Out of Mobile, Online Banking in Tanzania

Standard Chartered has launched an extensive roll out of mobile and online banking in Tanzania and across Africa. The bank said in a statement that the roll out will cover 1 Read More →

BancABC Botswana Introduces Visa Card to Avert Cash Risks

BancABC, has introduced Visa Cash card to avert risks of carrying cash around and contribute to the move towards a cashless society. Speaking at the on-going Dar es Salaam International Trade Read More →

National Microfinance Bank, Star Times Launch Partnership – Tanzania

National Microfinance Bank (NMB) has launched a product that would help subscribers with Star Times Tanzania Limited pay subscription fees through the bank. Speaking shortly after the launching ceremony in Dar es Read More →

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 →

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