Standard Chartered Bank Tanzania Limited has been awarded the prestigious ‘Bank of the Year’ award at The Banker Awards 2015. The bank said in a statement that it was winning the award which was announced at a grand gala dinner at an awards ceremony in London last week. “We are delighted to have won this prestigious
Mwalimu Commercial Bank (MCB), expects to open doors to the public in May, 2016, with a capital of 31bn/-. The bank’s Project Manager, Mr Ronald Manongi, told journalists just after the listing of the bank at the Dar es Salaam Stock Exchange (DSE),recently that all arrangements were going on well. The first branch will be
Qatar Airways, the national airline of the State of Qatar, has entered into a strategic partnership with one of the world’s leading mobile money service providers, Vodacom, to launch a service that now enables customers to pay for Qatar Airways tickets using the M-Pesa service. The new service offers greater flexibility for Qatar Airways’ passengers
Barclays Bank Tanzania handed over prizes to winners of the second draw of ‘Salary Switch’ and ‘Win back your loan’ campaigns which offers customers to win 100 per cent of their salaries and amount of loans acquired. The Liabilities and Product Development Manager for consumer banking, Mr Valence Luteganya, said Mr Julius Odinga of Mikocheni in
Tanzania has been lauded for facilitating agreement among telecoms to allow their customers transfer money across multiple networks. The Director of Financial Inclusion at the MasterCard Foundation, Ms Ann Miles said interoperability agreement among mobile network operators has placed the country among few global champions in financial inclusion. “Tanzania is taking the right direction, moving towards
Access Bank Tanzania has appointed agents countrywide dubbed ‘Access Bank WAKALA’ being part of initiatives to expand its range of financial services to its customers. Through the agents, customers can easily access various real time services such as cash deposit, cash withdrawal and initiate the process of account opening remotely without necessarily visiting a branch.
Standard Bank Group, which trades as Stanbic Bank in Tanzania, and Africa’s leading bank by assets, collected 22 awards in Finance’s Treasury Services and Global Finance’s World’s Best Bank Awards for 2015. The firm said in a statement that the awards were presented at the Sibos conference in Singapore. Mr Hasan Khan, Standard Bank’s Head
President Jakaya Kikwete has inaugurated 65 million US dollars (140bn/-) worth state-of-the-art National Microfinance Bank (NMB) building and pledged continued government support to the bank’s efforts to promote financial inclusion. The modern building with capacity to accommodate over 1000 staff, modern rooms, canteen to cater for all staff and modern private bank proves the solidity
Airtel Rwanda, a subsidiary of Bharti Airtel, and Tigo Rwanda Ltd, a subsidiary of Millicom, have announced a partnership to pilot interoperability between their two mobile money transfer service platforms. This collaboration will allow Airtel Money and Tigo Cash subscribers to send and receive money directly into their mobile wallets without use of vouchers. Tano
Amana Bank, the First Islamic Bank in Tanzania and Umoja Switch will sign a memorandum of understanding (MoU) to establish ATM Card service. Speaking at a dinner party prepared for the corporate, medium and small Amana Bank customers here over the weekend, the Amana bank’s Marketing and Delivery Channels Manager, Mr Dassu Mussa said that
