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 »
June 07, 2023
Tanzania: BoT Insists Foreign Exchange Reserves Sufficient
BANK of Tanzania (BoT) has said the country is experiencing shortages of US dollars, the dominant currency in international transactions but insisted that there was no cause for… Read more »
June 02, 2023
Tanzania: Tcb Extends 60bn/ - for Women, Youth Empowerment
Tanzania Commercial Bank (TCB) has issued loans worth over 60bn/- to women and youth groups which will help in their economic stability. Read more »
June 01, 2023
Tanzania: Crdb's Imbeju Trains Over 10,000 Women
CRDB Bank Foundation has educated 10,238 women entrepreneurs in financial matters before issuing loans to them through its Imbeju programme at the end of last month. Read more »
Tanzania: Yetu Shareholders - Please Give Our Bank Back
Yetu Microfinance complained on Thursday that "it was never given the opportunity" to defend itself on the ongoing capital and liquid saga that permitted the regulator to close its… Read more »
May 28, 2023
Tanzania: College, UNDP Sign MOU On Loan Insurance
The Africa College of Insurance and Social Protection (ACISP) and United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) to raise the… Read more »
May 08, 2023
Tanzania: Central Bank Ups Recovery Deposits
THE Central Bank has raised the maximum reimbursements for depositors of liquidated banks from 1.5m/- to 7.5m/-, effective from February 1, this year following public outcry over… Read more »
April 25, 2023
Tanzania: 20-Year Bond Demand Falls Short for First Time
The 20 years Treasury bond auctioned last week was undersubscribed for the first time five years after introduced. Read more »