Tanzania’s network of Automatic Teller Machines (ATMs) and Mobile Banking, the ‘Umoja Switch,’ has just gone regional; spreading its digital transactions’ tentacles into three neighbouring countries of Kenya, Rwanda and Uganda. With more than eight years of operation in the country ‘Umoja Switch,’ according to its Executive, Mr Danford Mbilinyi, is also rapidly expanding and
The bank’s regional expansion and diversification strategies have been successful and all the subsidiaries contributed positively to the performance. Profit before tax increased to Kshs.10.8 billion up from Ksh. 8.9 billion recorded for the same period last year. Profit after tax also increased by 21% to Kshs.7.6 billion. During the period under review, the Bank
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