Equity Bank Posts Outstanding Performance

Equity Bank Tanzania has posted net profit of 5.03bn/- in the year ended September 2015 compared to 1.52bn/- registered in the previous year. Also; the bank posted 1.14bn/- profit in the quarter ended September 2015 compared to 531m/- posted in the corresponding quarter 2014. Similarly, Equity group holdings limited has posted net profit of 256bn/-

Tanzania Surpasses Financial Inclusion Target

Tanzania has surpassed its financial inclusion target of 50 per cent, some two years ahead of deadline in 2016, thanks to mobile transaction platform. The Bank of Tanzania (BoT) is now working on a new goal after the country registered a financial inclusion of 55 per cent in 2014 well ahead of Maya (Mexico) declaration