August 25
Tanzania: Kizimkazi Festival - NBC Bank Boosts Sports, Tourism in Zanzibar
The National Bank of Commerce (NBC) has played a pivotal role in the success of the Kizimkazi Festival, an annual event that has become a hub for sports, entertainment, and tourism… Read more »
August 26
Tanzania: Exim to Raise Fund for Mental Health Facilities Upgrades
EXIM Bank to raise 300m/- over the next three years for financing essential services and infrastructure upgrades in mental health facilities. Read more »
August 06
Tanzania: Tib Bank Rebounds With 5.6bn/ - Profit in Q2
DAR ES SALAAM: TIB Development Bank has marked a significant turnaround, emerging from a period of financial strain to report a net profit of 5.6bn/- for the quarter ending June. Read more »
July 04
Tanzania: Samia Praises PBZ's Expansion, Nyusi Requests Branch
President Samia Suluhu Hassan has commended the efforts made by the People's Bank of Zanzibar (PBZ) through its expansion plan in various regions of the country, particularly… Read more »
June 19
Tanzania: BOT Sells Over U.S.$155 Million to Local Banks
In an effort to address the dollar shortage in the country, the Central Bank of Tanzania (BoT) sold a total of 155.8 million US dollars to various banks between January and April… Read more »
May 21
Tanzania: Who Has Power Over CEOs, BOT or Owners?
THE issue of chief executive officer (CEO) performance is undoubtedly a hot research topic in the management literature and has been investigated from various perspectives. Read more »
Tanzania: Insights Into Tanzania's Banking Sector Performance in Q1 2024
THE Tanzanian banking sector displayed varied performance across different financial institutions during the first quarter of 2024. Read more »
February 15
Tanzania: Parliament Outlines Plan to Contain Dollar Shortage
THE National Assembly has outlined various measures to be taken by the government to mitigate dollar shortage in the country, including making all payments being made within the… Read more »
Tanzania: Parliament Resolves On Tib Bank Sustainability
DODOMA: THE National Assembly has resolved that the government should conduct assessment on the sustainability of the TIB Development Bank and take timely measures. Read more »
February 02
Tanzania: Govt Commits to Boosting Insurance Contribution to Economy
DAR ES SALAAM: THE government has said it is committed to boosting insurance penetration and contribution to the Gross Domestic Product and closing the global average by 2030. Read more »
January 04
Tanzania: BoT Warns Operating Microfinance Businesses Illegally
DAR ES SALAAM: Bank of Tanzania (BoT) has said it will take stern measures against individuals and companies operating microfinance businesses without licences. Read more »
January 02
Tanzania: Dib Extends Time for Fbme Depositors, Creditors to Submit Claims
DAR ES SALAAM: THE Deposit Insurance Board (DIB) has extended the time for submission of claims for two months to depositors and other creditors of the FBME Bank Limited under… Read more »
December 19, 2023
Tanzania: Bot Set to Purchase 12 Tonnes of Gold
DODOMA: THE government through the Bank of Tanzania (BoT)'s Domestic Gold Purchasing Programme is expected to purchase about 12 tonnes of gold from domestic miners and… Read more »
Tanzania: Bot Launches Curriculum On Proper Financial Management
DAR ES SALAAM: BANK of Tanzania (BoT) on Monday launched a curriculum to enhance public education on proper financial management which will lead to financial freedom. Read more »
December 20, 2023
Tanzania: Banks Excess Reserve Declines
Banks excess reserve is declining, reflecting the efforts of the Bank of Tanzania (BoT) to tighten liquidity, says the International Monetary Fund (IMF) 2023 Country Report. Read more »
November 20, 2023
Tanzania: NBC Educates Students On Financial Management
DAR ES SALAAM: THE National Bank of Commerce (NBC) has provided education on banking issues and the importance of cultivating a culture of saving to students of Tambaza Secondary… Read more »
November 10, 2023
Tanzania: NMB Single Borrower Limit Rises By 29 Pc
DAR ES SALAAM: THE NMB Bank single borrower limit has increased by 29 per cent to hit a historic level, thanks to the lender's solid performance. Read more »
September 24, 2023
Tanzania: Financial Education to Reach 80% of Tanzanians By 2025
DODOMA: FINANCIAL education will reach 80 per cent of Tanzanians by 2025, the government has said. Read more »
September 20, 2023
Tanzania: World Bank Optimistic About Growth Prospects
TANZANIA : THE World Bank (WB) is optimistic about the growth prospects of Tanzania's economy despite worsening global economic conditions. Read more »
September 07, 2023
East Africa: NMB Ranks Among Most Valuable Company in EAC
NMB Bank has become the first homegrown Tanzania entity to rank among East Africa's most valuable companies after posting record financial results for the first half this year. Read more »
August 07, 2023
Tanzania: NMB On Digital Campaign to Promote Cashless Transactions
NMB Bank has launched a digital campaign to promote a transition from cash to cashless transactions. Read more »
August 06, 2023
Tanzania: NMB Commits to Uplift Farmers Welfare
NMB Bank has said it is committed to uplifting economic welfare of agricultural stakeholders by providing significant loans for strategic investment within agriculture value chain. Read more »
July 19, 2023
Tanzania: BoT - Forex Reserve Climbs Up
THE country's stock of foreign reserve has increased to 5.55 billion US dollars as of Friday last week, compared to 4.69 billion reported at the end of May this this year. Read more »
July 09, 2023
Tanzania: Cultural Fund to Issue Loans to Artists Through CRDB Bank
Low interest rate loans to local artists from the Culture and Arts Fund will continue but this time around they will be obtained through CRDB Bank. Read more »
June 19, 2023
Tanzania: NMB Eyes Expanding Wings Beyond Borders
NMB Bank plans to expand its wings outside the country, being one of the strategies to grow its business and register more success. Read more »