Tigo, Airtel and Zantel have announced a pioneering agreement to allow customers of Tigo, Airtel and Zantel in Tanzania to send money to each other whether using Tigo Pesa, Airtel Money or EzyPesa on their mobile handsets. It is expected that the service will start by end of June. This is the first agreement in
The East Africa Bank Award for 2014 that was dominated by Kenyan banks seems to have been taken lightly in Tanzania and therefore may not give a true picture of banks performance in the country, according to the organiser of the award. The Chief Executive Officer of the Think Business Limited which organised a survey
The National Microfinance Bank (NMB) has launched a special Executive Network for large scale and medium enterprises and emerging corporates with an annual turnover of at least 2.5bn/-. The NMB Chief Executive Officer, Mr Mark Wiessing, said at the launch at the weekend in Dar es Salaam that the network will initially be limited to
Exim Bank Tanzania Limited has embarked on implementing its Vision 2016 that seeks to double its balance sheet and increase market share in deposits by 2016. Being the sixth largest bank in the country in terms of total deposits and assets, Exim Bank has set its eyes on an ambitious target for the year 2016.
Akiba Commercial Bank (ACB) plans to launch a branch in Mwanza region this year, bringing to 17 the number of branches in the country. Speaking in Dar es Salaam, ACB Head of Marketing and Communication, Mr Fredrick Archard, said that the opening of Mwanza branch is the continuation of the bank’s expansion strategy. “Many financial
Tanzania’s leading cellular network, Vodacom and the Commercial Bank of Africa (CBA)have launched a revolutionary banking service, M-Pawa, that will allow millions of Tanzanians to save and borrow money on the their mobile phones. His Excellency President Jakaya Mrisho Kikwete launched the service in Dar es Salaam and had this to say, “the historic launch
The former NBC Bank Managing Director Mr Lawrence Mafuru has been elected CRDB Bank independent director by the bank’s stakeholders at a meeting held at Arusha International Conference Centre (AICC) over the weekend. Mr Mafuru was NBC Managing Director from June 2010 until December 2012. He now works in the President’s Delivery Bureau (PDB) as
Tanzania’s CRDB Bank Managing Director, Dr Charles Kimei, has been shortlisted alongside six other nominees for the prestigious African Banker of the Year Award. A statement issued by the London-based African Media Agency made available to this paper, said the nominees have been picked out for their outstanding performances. Contestants for the title include Bisi
NMB Bank launched ‘Jihudumie Campaign’ geared at offering customers all services that are accessible through the bank’s self-service channels. With ‘Jihudumie,’ NMB customers will be offered with an instant account opening that will allow them to conveniently deposit and withdraw money through self-service channels. The NMB Chief Executive Officer, Mr Mark Wiessing, said at the
The National Microfinance Bank has been named the best bank in Tanzania in the East African Bank Awards for 2014. In the awards ceremony held here on Wednesday evening, Stanbic Bank won the first runner up position for Tanzania and the young and fast upcoming Bank M was named the third best in the country.
