NBC BANK CELEBRATES PRESIDENT SAMIA'S HONORARY AWARD FROM PARLIAMENT

A group of leaders from various institutions and organizations, including NBC Bank Managing Director Theobald Sabi (center, front row), attend the ceremony honoring President Dr. Samia Suluhu Hassan with a special award from Parliament, held over the weekend at the parliamentary grounds in Dodoma.

Dodoma, June 1, 2025 – The National Bank of Commerce (NBC) has extended heartfelt congratulations to President Dr. Samia Suluhu Hassan following her receipt of a prestigious honorary award from the Parliament of Tanzania. This recognition, presented at a special ceremony held on the parliamentary grounds in Dodoma, underscores the President’s outstanding leadership and her tireless commitment to national development.

A National Moment of Pride

Speaking during the ceremony, NBC Managing Director, Mr. Theobald Sabi, praised President Samia’s transformational impact across various sectors of the economy. He stated that the award not only honors her individual achievements but also reflects the aspirations of Tanzanians for a future defined by inclusive and sustained growth.

“We extend our sincerest congratulations to Madam President on this well-deserved honor,” Sabi said. “This accolade is not just a recognition of individual achievement; it embodies the collective aspirations of our nation for accelerated development.”

Commitment to Collaboration

In response to the award, NBC has reaffirmed its commitment to working closely with both government and private sector partners to support strategic national initiatives. Sabi highlighted that the bank is investing in innovative financial solutions to enhance development outcomes, including tailored funding models and sector-specific financial products.

“NBC is determined to support government priorities across infrastructure, agriculture, healthcare, education, tourism, and sports,” Sabi noted. “By doing so, we are helping to unlock potential and improve livelihoods.”

Financing Development Through Strategic Initiatives

Sabi pointed to NBC’s active role in national projects, such as its support for the Tanga-UWASA bond issuance, aimed at expanding water infrastructure in the Tanga region. This initiative demonstrates the bank’s proactive approach to mobilizing capital for critical public services.

“The Tanga-UWASA bond issuance is just a snapshot of our broader commitment to national development,” he said. “Through advisory and financing support, we’re enabling institutions to turn ideas into impactful action.”

Enabling Seamless Financial Operations

Beyond development projects, NBC continues to serve as a key partner in facilitating domestic and international financial transactions for both government bodies and contractors. This includes providing access to foreign exchange services, supporting trade, and ensuring liquidity for major development contracts.

Sabi also emphasized NBC’s role in corporate social responsibility, particularly in health, where the bank supports community health programs as part of its wider commitment to national well-being.

Looking Ahead With Shared Purpose

In his closing remarks, Sabi reiterated NBC’s dedication to helping shape a prosperous future for all Tanzanians:

“As we embark on this journey of development, the collective efforts of leaders like President Samia and institutions such as NBC will undoubtedly pave the way for a brighter, more prosperous tomorrow. This award is a celebration of achievements and a motivation to continue moving forward.”

BENKI YA ABSA NA THE RUNNERS WAKABIDHI VIFAA TIBA HOSPITALI YA MNAZI MMOJA

Dar es Salaam, 31 Mei 2025
Benki ya Absa kwa kushirikiana na klabu ya The Runners wamekabidhi msaada wa vifaa tiba katika Hospitali ya Mnazi Mmoja, hususan kwa ajili ya wodi ya wazazi na dharura. Msaada huu ni sehemu ya jitihada zao za kuunga mkono juhudi za serikali katika kuinua ubora wa huduma za afya nchini, hasa kwa makundi yaliyo katika mazingira hatarishi.

Ujumbe wa kuinua afya ya jamii

Akizungumza katika hafla ya makabidhiano hayo, Makamu wa Rais wa The Runners, Bw. Godfrey Mwangungulu, alieleza kuwa huu ni mwaka wa sita mfululizo kwa taasisi hiyo kutoa msaada katika kituo hicho.

“Tunaamini kuwa afya bora ni msingi wa maendeleo ya jamii yoyote. Kwa hiyo, tunajivunia kushiriki moja kwa moja katika kusaidia huduma za afya, hususan kwa mama wajawazito na wagonjwa wa dharura,” alisema Mwangungulu.

 

Absa na dhamira ya maendeleo endelevu

Kwa upande wake, Meneja wa Masuala Endelevu na Matukio wa Absa Bank Tanzania, Bi. Abigail Lukuvi, alieleza kuwa Absa imekuwa mshirika mkuu wa The Runners kupitia mbio za Absa Dar City Marathon, ambazo zimekuwa chachu ya kuchangisha fedha kwa ajili ya kusaidia miradi ya afya.

“Sambamba na utoaji wa vifaa hivi tiba, pia tunachangia damu katika mfuko wa taifa. Hii ni sehemu ya dhamira yetu kama chapa – 'Stori yako ina thamani' – ambapo tunalenga kuwa sehemu ya safari za watu katika kupata huduma stahiki za afya na kuokoa maisha,” alisema Lukuvi.

 

Mchango wenye tija kwa huduma za dharura

Akitoa shukrani kwa niaba ya Hospitali ya Mnazi Mmoja, Dkt. Linda Mutasa, ambaye ni Kaimu Mganga Mfawidhi wa hospitali hiyo, alibainisha kuwa msaada huo umewafikia kwa wakati muafaka.

MWANGA HAKIKA BANK SHAREHOLDERS CELEBRATE ROBUST 2024 FINANCIAL PERFORMANCE

Mwanga, Tanzania — May 31, 2025

Mwanga Hakika Bank (MHB) held its Annual General Meeting (AGM) in Mwanga on May 31, 2025, where shareholders unanimously approved the Bank’s financial results for 2024 as well as its forward-looking strategic plan. The AGM brought together a broad group of stakeholders, including shareholders, board members, regulators, and bank staff, to celebrate a strong year and discuss the Bank’s future direction.

Profit Surge Underscores Strong Performance

A key highlight of the meeting was the announcement of a 53% increase in net profit, rising from TZS 6.5 billion in 2023 to TZS 9.9 billion in 2024. This impressive growth is a clear indication of the Bank’s financial health and its ability to deliver value to investors.

Board Chairman Mr. Ridhuan Mringo presented the Bank’s 2024 performance and strategic outlook. In a moment of reflection, he paid tribute to the late Hon. Cleopa David Msuya, one of MHB’s founding members. Mringo noted that Hon. Msuya was not only a founder but also a pillar of the Mwanga community.

“He was instrumental in uniting over 5,000 local investors to launch what has become Mwanga Hakika Bank,” Mringo said. “His contributions to education, small business empowerment, and digital banking were foundational in building this institution.”

Financial Highlights for 2024

The Bank’s Head of Finance, Mr. Chomete Abdallah Hussein, shared detailed financial highlights that reinforced the Bank’s robust performance:

• Operating profit after tax rose by 46% to TZS 14.6 billion
• Customer deposits surged by 51% to TZS 214.8 billion
• Total assets grew by 56% to TZS 324.9 billion
• Non-performing loans remained under 1%, far below the national limit of 5%
• Paid-up capital increased from TZS 17 billion to TZS 26 billion
• Shareholders’ equity rose to TZS 48.3 billion

These metrics reflect a strong balance sheet, effective risk management, and a prudent lending strategy.

Continued Growth in 2025

Looking at first-quarter results for 2025, MHB reported TZS 4.1 billion in pre-tax profits, representing a 10.9% year-on-year increase. The Bank’s customer deposits, loan book, and total assets have all continued on an upward trajectory.

NMB na Metro Life Assurance Waleta Bima ya Kikundi Kupitia WhatsApp

Na Mwandishi Wetu

Katika hatua ya kuleta mapinduzi kwenye sekta ya bima nchini, Benki ya NMB kwa kushirikiana na kampuni ya Bima ya MetroLife imezindua huduma mpya ya Bima ya Vikundi Kidijitali kupitia jukwaa maarufu la mawasiliano, WhatsApp.

Uzinduzi huo ulifanyika tarehe 29 Mei 2025 jijini Dar es Salaam na kuhudhuriwa na Kamishna wa Mamlaka ya Usimamizi wa Bima Tanzania (TIRA), Dkt. Baghayo Saqware, ambaye aliipongeza NMB kwa ubunifu wa kiteknolojia unaolenga kuondoa changamoto sugu katika huduma za bima nchini.

Bima Kupitia Simu ya Mkoni

Kwa mujibu wa Dkt. Saqware, huduma hii mpya inaweka historia kwa kuwarahisishia watanzania—hasa wale walioko kwenye vikundi vya kijamii kama VICOBA, vikundi vya kijamii, na vikundi vya WhatsApp—kupata bima ya maisha kupitia simu zao za mkononi. Hatua hii inakwenda sambamba na ajenda ya serikali ya kuhakikisha kila Mtanzania anapata uelewa na huduma ya bima kwa urahisi.

"NMB mmekuwa wabunifu sana katika kusukuma mbele ajenda ya Serikali ya bima jumuishi. Huduma hii ya WhatsApp ni mkombozi wa kweli kwa watanzania," alisema Dkt. Saqware.

Faida kwa Wanachama wa Vikundi

Akizungumza kwa niaba ya NMB, Afisa Mkuu wa Wateja Binafsi na Biashara, Bw. Filbert Mponzi, alisema kuwa huduma hiyo ya Mkono wa Pole kwa vikundi ni nafuu na inapatikana kuanzia mchango wa TZS 500 tu kwa mwanachama mmoja. Wanachama wanaweza kufaidika na malipo ya hadi TZS milioni 5 pale panapotokea msiba kwa mmoja wao.

“Bima hii sasa inapatikana kupitia WhatsApp kwa kutumia huduma ya NMB JIRANI. Hakuna haja ya kutembelea tawi; kila kitu kinafanyika kwa njia ya kidigitali,” aliongeza Mponzi.

Kwa kutumia namba ya WhatsApp 0747 333 444, viongozi wa vikundi wanaweza kuanzisha usajili wa bima, kutuma madai, na kufuatilia hali ya madai kwa urahisi kupitia chatbot ya JIRANI.

Malipo ya Haraka, Bila Usumbufu

Mkuu wa Idara ya Bima wa NMB, Bw. Martine Massawe, alisema kuwa maboresho makubwa yamefanyika kuhakikisha madai yanashughulikiwa ndani ya saa 48 pekee, hatua inayopunguza usumbufu mkubwa kwa wanachama.

NMB and Metro Life Launch Tanzania’s First WhatsApp-Enabled Group Life Insurance

By a Special Correspondent

Dar es Salaam | May 29, 2025

In a groundbreaking move that’s set to redefine the future of insurance in Tanzania, NMB Bank Plc has partnered with Metro Life Assurance to launch the country’s first group life insurance service powered by WhatsApp.

This digital innovation enhances the widely appreciated Mkono wa Pole Group Life Insurance product, offering a more accessible and user-friendly experience—especially for everyday Tanzanians in remote or informal communities.

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Insurance at Your Fingertips

Unveiled during a launch event held in Dar es Salaam, the WhatsApp-based solution enables community groups—such as school clubs, families, workplace teams, VICOBA groups, and even WhatsApp social circles—to purchase, manage, and claim life insurance entirely through WhatsApp, eliminating paperwork, branch visits, and in-person interactions.

“This innovative solution has been intentionally designed to make insurance more accessible and meaningful to everyday Tanzanians,” said Mr. Filbert Mponzi, NMB Bank’s Chief of Retail Banking.
“By leveraging popular digital platforms like WhatsApp, we’re removing traditional barriers and extending coverage to even the most remote communities.”

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Affordable and Inclusive

The group life cover offers premiums starting at just TZS 500 per member per month, with compensation benefits of up to TZS 5 million.

This affordability, coupled with simplified digital access, positions the product as a catalyst for advancing financial inclusion and social protection in Tanzania.

Mr. Mponzi acknowledged the crucial role played by the Government and the Tanzania Insurance Regulatory Authority (TIRA) in enabling such innovations through supportive policies.

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Support from the Insurance Regulator

Speaking at the launch, Dr. Baghayo Saqware, Commissioner of Insurance at TIRA, hailed the initiative as a landmark achievement in driving inclusive insurance and digital transformation:

HEINEKEN YAWAPELEKA KITENGE, SHAFFIH NA DJ JOOZY FAINALI YA UEFA CHAMPIONS LEAGUE UJERUMANI

Dar es Salaam, Tanzania – 29 Mei 2025

Katika kuendeleza hamasa ya soka kwa mashabiki wake, Heineken Beverages Tanzania imewadhamini wachambuzi maarufu wa michezo nchini Tanzania – Maulid Kitenge, Shaffih Dauda, na mtangazaji wa burudani Joseph "DJ Joozy" Misa – kusafiri kwenda Munich, Ujerumani, kushuhudia Fainali ya UEFA Champions League itakayofanyika tarehe 1 Juni 2025 kwenye uwanja wa Allianz Arena.

Safari ya mashujaa hawa wa soka inaanza rasmi jioni ya leo, 29 Mei 2025, na wanatarajiwa kurejea nchini tarehe 1 Juni 2025, mara baada ya kushuhudia tukio kubwa zaidi katika kalenda ya soka duniani.

KAMPENI YA "CHEERS TO THE HARDCORE FANS"

Mpango huu ni sehemu ya kampeni ya Heineken inayojulikana kama “Cheers to the Hardcore Fans”, inayolenga kusherehekea mashabiki wa kweli wa soka kwa njia ya kipekee. Heineken, kama mdhamini rasmi wa UEFA Champions League, inaendelea kuonesha dhamira yake ya dhati kwa jamii ya wapenzi wa soka nchini.

Lilian Pascal, Meneja Masoko wa Heineken Beverages Tanzania, alisema:

"Soka si mchezo tu, ni mapenzi ya pamoja yanayowaunganisha watu. Kuwapa wachambuzi wetu wakuu fursa hii ya kipekee ni zaidi ya udhamini – ni kutambua mchango wao mkubwa katika kukuza mchezo huu nchini."

KAULI ZA WASHIRIKI

Maulid Kitenge, mchambuzi mashuhuri wa soka, alieleza furaha yake:

"Kwa mtu kama mimi niliyejikita kuchambua soka kwa miaka mingi, kushuhudia fainali hii kwa macho yangu ni ndoto inayotimia. Nitarejea na taarifa za kina kwa mashabiki wetu."

Shaffih Dauda naye alisema:

"Fainali ya Champions League ni kilele cha soka duniani. Namshukuru Heineken kwa fursa hii adimu ambayo sitaisahau kamwe."

Kwa upande wake, DJ Joozy aliahidi burudani ya kipekee kwa mashabiki wake:

"Nitakuwa nikiwasilisha hali halisi ya uwanjani, nikichanganya soka na burudani ya muziki kwa ajili ya wafuasi wangu kote nchini."

UDHAMINI WENYE MAANA

Obabiyi Fagade, Meneja Mkuu wa Heineken Tanzania, alisema:

"Heineken haidhamini tu kwa ajili ya kuonekana – tunajenga uhusiano wa kweli na jamii ya soka nchini. Tunataka kila mdau ahisi kuwa sehemu ya mafanikio haya."

HEINEKEN TANZANIA SENDS KITENGE, SHAFFIH & DJ JOOZY TO UEFA CHAMPIONS LEAGUE FINAL IN MUNICH

Dar es Salaam, 29 May 2025 – Heineken Beverages Tanzania has unveiled an unforgettable football experience for three of Tanzania’s most prominent sports and entertainment personalities: Maulid Kitenge, Shaffih Dauda, and DJ Joozy. Courtesy of the “Cheers to the Hardcore Fans” campaign, the trio will attend the UEFA Champions League Final in Munich, Germany, from May 29 to June 1.

As the official sponsor of the UEFA Champions League, Heineken continues to connect with passionate football communities worldwide, and this initiative underlines its commitment to Tanzanian fans by giving their favorite analysts a front-row seat at football’s biggest stage.

Football, Fame, and Fan Connection

Lilian Pascal, Heineken Tanzania’s Marketing Manager, said:

“Football is more than a game — it’s a shared passion. By sponsoring this trip, we’re amplifying the voices of Tanzania’s most dedicated football enthusiasts.”

The selected personalities — each a household name in Tanzanian football media — expressed their excitement:

• Maulid Kitenge, revered for his in-depth football analysis, said:

“This is a dream come true. I’m honored to represent Tanzania and can’t wait to share this once-in-a-lifetime experience with fans back home.”

• Shaffih Dauda, one of the country's top football commentators, added:

“The Champions League Final is football at its finest. I’ll be capturing every moment for the fans who’ve walked this journey with us.”

• DJ Joozy, known for blending music and sports culture, promised exclusive content for his millions of followers:

“I’ll showcase how football and music unite people in unforgettable ways. This is going to be epic.”

Strengthening the Bond with Fans

Obabiyi Fagade, Country Manager for Heineken Tanzania, noted:

“This isn’t just sponsorship — it’s about building real connections with Tanzania’s football community and giving back to the fans.”

AZAM FC (U20) YAMALIZA MSIMU KWA KISHINDO, YATWAA UBINGWA WA NBC U20 YOUTH LEAGUE 2024/2025

Mkuu wa Kitengo cha Fedha na Biashara Benki ya NBC ambae ndio Mwenyekiti wa kamati ya Ligi Kuu ya NBC ndani ya benki hiyo, Bw Joseph Lyuba (alievaa fulana nyeupe) akikabidhi kombe la Ligi ya NBC ya Vijana chini ya miaka 20 (NBC U20 Youth League) kwa nahodha wa timu ya Azam FC (U20) Ismaily Ally baada ya timu hiyo kuwa bingwa wa ligi hiyo kwa msimu wa 2024/2025. Anaeshuhudia ni Rais wa Shirikisho la Mpira wa Miguu Tanzania (TFF), Wallace Karia (alievaa kofia).

Mkuu wa Kitengo cha Fedha na Biashara Benki ya NBC ambae ndio Mwenyekiti wa kamati ya Ligi Kuu ya NBC ndani ya benki hiyo, Bw Joseph Lyuba (wa pili kulia) sambamba na Rais wa Shirikisho la Mpira wa Miguu Tanzania (TFF), Wallace Karia (alievaa kofia), Katibu Mkuu wa TFF, Wilfred Kidao na Mwenyekiti wa Chama cha Mpira wa Miguu Mkoani Dar es Salaam (DRFA), Lameck Nyambaya (kulia) wakiongoza zoezi la uvalishaji wa medali kwa wachezaji wa timu ya Azam FC (U20) baada ya timu hiyo kuwa bingwa wa Ligi ya NBC ya Vijana chini ya miaka 20 (NBC U20 Youth League) msimu wa 2024/25.

Dar es Salaam — Mei 30, 2025:

Benki ya Taifa ya Biashara (NBC), mdhamini mkuu wa Ligi ya Vijana chini ya miaka 20 (NBC U20 Youth League), imekabidhi kombe la ubingwa kwa timu ya Azam FC (U20) baada ya kutwaa taji hilo kwa ushindi wa bao 1–0 dhidi ya Fountain Gate FC (U20) katika fainali iliyopigwa kwenye Uwanja wa Chamazi Complex, jijini Dar es Salaam.

Bao pekee la mchezo huo lilifungwa katika dakika ya 11 na mshambuliaji Carlos Chasambi, ambaye sasa anatajwa kuwa mmoja wa wachezaji wanaochipukia kwa kasi katika soka la vijana nchini.

Hafla ya Kukabidhi Kombe: Mkusanyiko wa Wadau wa Soka

Sherehe ya kukabidhi kombe hilo ilihudhuriwa na viongozi na wadau mbalimbali wa soka wakiongozwa na:

• Wallace Karia, Rais wa Shirikisho la Mpira wa Miguu Tanzania (TFF)
• Wilfred Kidao, Katibu Mkuu wa TFF
• Lameck Nyambaya, Mwenyekiti wa DRFA
• Joseph Lyuba, Mkuu wa Kitengo cha Fedha na Biashara NBC na Mwenyekiti wa Kamati ya Ligi Kuu ya NBC ndani ya benki hiyo

Wafanyakazi wa NBC pia walishiriki kwa wingi, jambo lililoashiria mshikamano na kujitolea kwa taasisi hiyo katika kukuza vipaji vya soka nchini.

NBC: Kujenga Misingi ya Soka Bora Kupitia Uwekezaji kwa Vijana

Akizungumza kwenye hafla hiyo, Bw. Lyuba aliipongeza Azam FC (U20) kwa mafanikio hayo, pamoja na Fountain Gate FC (U20) kwa kushika nafasi ya pili. Pia aliwapongeza TFF na mabenchi ya ufundi ya timu shiriki kwa kazi kubwa katika kuendeleza mashindano hayo.

“Msukumo wa NBC kudhamini ligi hii ya vijana unachagizwa na dhamira yetu ya kuwa na ligi kuu yenye ubora na ushindani kutokana na vipaji vinavyozalishwa hapa nchini,” alisema Lyuba.
“Tunaamini ili tuwe na Ligi Kuu ya NBC yenye mvuto na ushindani lazima tuanzie katika ngazi hii ya kuibua vipaji.”

SIDI OULD TAH ELECTED AS NINTH PRESIDENT OF THE AFRICAN DEVELOPMENT BANK GROUP

Abidjan, Côte d’Ivoire — May 29, 2025
Sidi Ould Tah of Mauritania has been elected as the new President of the African Development Bank Group (AfDB), following a highly anticipated vote at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.

Tah succeeds Dr. Akinwumi Adesina of Nigeria and becomes the ninth head of the institution since its founding in 1964.

A Decisive Mandate

Tah’s election was confirmed by the AfDB’s Board of Governors—comprising Finance and Economy Ministers, as well as Central Bank Governors from the Bank’s 81 member countries. To secure the presidency, a candidate must receive at least 50.01% of the votes from both regional (African) and non-regional member countries.

The final results were announced by Nialé Kaba, Côte d’Ivoire’s Minister of Planning and Development and Chair of the Board of Governors.

Proven Leadership in African Development

With more than 35 years of experience in African and international finance, Sidi Ould Tah brings a wealth of expertise to the role. He has served as President of the Arab Bank for Economic Development in Africa (BADEA) since 2015. Under his leadership, BADEA underwent a complete transformation—quadrupling its balance sheet, achieving a coveted AAA credit rating, and establishing itself as one of the continent’s top-performing development finance institutions.

BENKI YA NBC YASHIRIKI MKUTANO MKUU MAALUM WA CCM, YATOA HUDUMA ZA KIFEDHA KWA WAJUMBE

Mkuu wa Idara ya Mahusiano na Mawasiliano wa Benki ya NBC Bw Godwin Semunyu (katikati) sambamba na timu ya wafanyakazi kutoka tawi la benki hiyo jijini Dodoma wakiongozwa na Mkuu wa Kanda ya Kati wa benki ya NBC, Bw Miraji Msuya (wa tano kulia) wakiwa tayari kuwahudumia wajumbe wa Mkutano Mkuu Maalum wa Chama Cha Mapinduzi (CCM) - Taifa uliofanyika jijini Dodoma, kama sehemu ya juhudi za benki hiyo kutoa huduma za kifedha kwa wateja wake sambamba na kuendelea kujenga mahusiano na wadau wake kibiashara.

Mkuu wa Kanda ya Kati wa benki ya NBC, Bw Miraji Msuya (kulia) akiwaongoza wafanyakazi wengine wa benki hiyo tawi la Dodoma kuwahudumia wajumbe wa Mkutano Mkuu Maalum wa Chama Cha Mapinduzi (CCM) - Taifa uliofanyika jijini Dodoma.

Dodoma: Mei 29, 2025: Benki ya Taifa ya Biashara (NBC) imeshiriki kwenye Mkutano Mkuu Maalum wa Chama Cha Mapinduzi (CCM) - Taifa uliofanyika jijini Dodoma, kama sehemu ya juhudi za benki hiyo kutoa huduma za kifedha kwa wateja wake sambamba na kuendelea kujenga mahusiano na wadau wake kibiashara.

Mkuu wa Idara ya Mahusiano na Mawasiliano wa NBC Bw. Godwin Semunyu, aliungana na timu ya wafanyakazi kutoka tawi la benki hiyo jijini Dodoma wakiongozwa na Mkuu wa Kanda ya Kati wa benki ya NBC, Bw Miraji Msuya katika ushiriki huo.

“Ushiriki wetu kwenye Mkutano huu unatokana na mahusiano yetu kibiashara na wadau wa mkutano huu wakiwemo wanachama mmoja mmoja na chama pia kama taasisi. Pamoja na kufuatilia mkutano huu, NBC kama wageni waalikwa pia tunatoa huduma zetu za kibenki kwa wateja wetu waliohudhuria mkutano hu kupitia timu yetu iliyoweka kambi kwenye eneo hili la mkutano,’’ alisema.

DIASPORA REMITTANCES SURGE TO 2.1TRI/- AS TANZANIANS ABROAD DEEPEN NATIONAL TIES

Dodoma – Remittances from the Tanzanian diaspora soared to a record-breaking 2.116 trillion TZS (approx. $810 million USD) in just six months (July–December 2024), reaffirming the growing economic power of Tanzanians living abroad.

Speaking before Parliament on Wednesday, Foreign Affairs and East Africa Cooperation Minister Mahmoud Kombo said figures from the Bank of Tanzania (BoT) show a sharp rise from the 2.045 trillion TZS recorded for the entire year of 2023.

“This increase underscores the vital role the diaspora continues to play in supporting livelihoods and contributing to Tanzania’s financial sector,” said Kombo.

Investment Beyond Remittances

Remittances weren’t the only area seeing a spike. Tanzanians abroad also expanded their investments in collective schemes and real estate:

• 7.5bn/- (approx. $2.9M) in the UTT-AMIS Collective Investment Scheme in 2024, up from 6.4bn/- in 2023
• 9.28bn/- (approx. $3.6M) invested in real estate through the National Housing Corporation and private developers, up from 7.56bn/- the previous year

Government Strengthens Diaspora Engagement

The Ministry has made deliberate efforts to strengthen engagement with the diaspora through:

• Joint service clinics and business meetings in key diplomatic locations
• The Diaspora Clinic in Comoros (August 2024) which connected 300+ diaspora members with 18 Tanzanian service providers
• Participation in international forums such as the IOM-hosted conference on Migration and Diaspora Engagement in South Africa

CRDB BANK'S AL BARAKAH NAMED BEST ISLAMIC BANK IN TANZANIA FOR 2025

CRDB Al Barakah Shariah Advisory Board Chairman, Abdul Van Mohammed (centre), CRDB Bank’s Head of Islamic Banking, Rashid Rashid (left), and Coastal Zone Manager, Badru Idd, pose with the ‘Best Islamic Bank in Tanzania 2025’ award, presented to the bank at the prestigious Euromoney Islamic Finance Awards held recently in Dubai.

Dar es Salaam – In a landmark moment for Tanzania’s financial sector, CRDB Bank’s Islamic banking window, Al Barakah, has been crowned Best Islamic Bank in Tanzania for 2025 at the prestigious Euromoney Islamic Finance Awards, held in Dubai.

The win comes as CRDB celebrates its 30th anniversary, marking three decades of financial innovation, expansion, and an increasing focus on ethical, Shariah-compliant banking solutions.

Strong Performance Drives Global Recognition

Al Barakah’s award was backed by robust growth figures. The unit posted a:

• 162% rise in customer numbers
• 72% increase in deposits
• 172% revenue growth, reaching 22 billion TZS by December 2024

“This award is a symbol of what is possible when faith-based principles, financial innovation and inclusive growth walk hand in hand,” said Abdul Van Mohammed, Chairman of the Al Barakah Shariah Advisory Board.

Pioneering Ethical Finance in Tanzania

Since its 2021 launch, Al Barakah has rolled out an impressive suite of Shariah-compliant financial products, including:

• Murabaha (asset financing)
• Istisna’a (project funding)
• Ijarah (education and pilgrimage loans)
• Qardh (zero-profit loans in collaboration with the government, supporting smallholder farmers and fishers)

In 2023, CRDB also introduced Takaful insurance in partnership with ZIC Takaful, along with its own Bancassurance division—reaching over 300 customers within the first year.

BARLEY FARMERS TO BENEFIT AS TANZANIA BREWERIES UNVEILS $40M KILIMANJARO MALTING PLANT

TBL’s Managing Director, Michelle Kilpin.

Kilimanjaro, Tanzania – A new era is dawning for barley farmers in Tanzania with the imminent opening of the Kilimanjaro Malting Plant in Moshi. The $40.38 million (approx. 96 billion TZS) facility, constructed by Tanzania Breweries Limited (TBL), is poised to significantly transform local barley farming and processing.

TBL’s Managing Director, Michelle Kilpin, hailed the plant as a strategic milestone for agricultural development, saying it reflects investor confidence and strong alignment with government efforts to uplift rural livelihoods.

“This is yet another significant effort by both local and foreign investors to support the government’s initiatives to uplift farmers by providing a reliable market for their produce,” Kilpin stated.

Scaling Up Barley Production and Market Access

The malting facility is expected to triple local barley procurement, increasing annual purchases from 5,000 tonnes to 15,000 tonnes initially, with a goal of reaching 32,000 tonnes in five years. This increase offers barley farmers not only market stability but also greater long-term income prospects.

Currently, TBL works with more than 4,500 local farmers across Arusha, Manyara, Dodoma, and West Kilimanjaro, sourcing key raw materials such as barley, maize, and sorghum.

“Our support goes beyond procurement,” Kilpin said. “We offer training in sustainable farming techniques, provide quality seeds and fertilisers and guarantee secure off-take contracts.”

She further highlighted TBL’s Smart Agriculture Initiative, which integrates digital connectivity, real-time information, and modern farming practices to empower farmers and improve yields.

Creating Jobs and Strengthening the Supply Chain

The Kilimanjaro Malting Plant is expected to boost processing capacity, improve operational efficiency, and reduce production costs. Importantly, it will expand contract farming, directly engaging 17,500 out-growers from Kilimanjaro, Manyara, Mbeya, and Rukwa under formal agreements.

This development is set to further solidify TBL’s commitment to building a resilient, farmer-inclusive supply chain that also benefits end consumers through cost efficiencies.

BOTTLING INDUSTRY VETERAN TAKES THE REINS AT COCA-COLA KWANZA

Dar es Salaam, 28 May 2025 – Coca-Cola system veteran David Chait has been appointed to lead the continued growth of Coca-Cola Kwanza, following a highly successful term at the helm of Coca-Cola Beverages Botswana.

Mr Chait joined a subsidiary of what is now Coca-Cola Beverages Africa (CCBA) in 2007, taking on various roles within the Group Finance team, including serving as Finance Director in Tanzania for almost five years, before stepping into the CCBA Group Revenue Growth Manager role in 2017. He has driven growth as General Manager of Coca-Cola Beverages Botswana since January 2020.

Under his leadership the first Country Management Team was established in Botswana, which quickly notched up multiple successes. They achieved double digit volume and revenue growth over the past five years.

In 2023, Coca-Cola Beverages Botswana, a company in the CCBA Group, invested US$24m in a wastewater treatment plant and added a new production line, more than doubling capacity to produce 2L PET bottles and meet consumer demand.

TANZANIA’S INFRASTRUCTURE SUCCESS: THE WINNING FORMULA BEHIND NATIONAL TRANSFORMATION

Abidjan, Ivory Coast – Tanzania's Vice President Dr. Philip Mpango (pictured above) has shed light on the key drivers behind the country’s impressive strides in infrastructure development. Speaking at a high-level panel during the African Development Bank (AfDB) Annual Governors’ Meeting in Abidjan, Dr. Mpango outlined a compelling blueprint rooted in effective tax revenue collection, a vibrant private sector, and strategic use of capital markets.

“Infrastructure remains the backbone of Tanzania’s economic transformation. Our government is fully committed to mobilising resources to fund strategic projects that enhance connectivity and drive regional trade,” said Dr. Mpango.

Strategic Financing: A Three-Pronged Approach

Tanzania’s infrastructure agenda, including landmark projects like the Standard Gauge Railway (SGR) and cross-border road networks, has been largely propelled by three key pillars:

1. Domestic Revenue Mobilisation
   Enhanced tax administration—powered by electronic collection systems and a dedicated taxpayer complaints office—has significantly increased government revenue. This, in turn, has provided critical funding for national infrastructure without over-reliance on external debt.

2. Expansion of Capital and Bond Markets
   Tanzania has actively diversified its financing instruments, leveraging domestic capital markets to raise funds. Notably, social security funds have been tapped to construct roads and bridges, reflecting innovative public finance strategies.

3. Development Partnerships & Concessional Loans
   The country has efficiently utilized concessional loans and grants from development partners, with the AfDB playing a key role. Dr. Mpango specifically praised outgoing AfDB President Dr. Akinwumi Adesina for supporting transformative projects in Tanzania.

“The AfDB has been instrumental in funding major infrastructure including roads, airports, and the SGR—linking us with Burundi and the DRC,” he acknowledged.

Powering Progress: Energy Investments in Focus

A cornerstone of Tanzania’s development strategy is energy infrastructure. Dr. Mpango highlighted the now-completed Julius Nyerere Hydroelectric Power Project (JNHPP), which is delivering 2,115 megawatts to the national grid. This is a game-changer for powering industrial growth and rural electrification.

TANZANIA TO BUILD LARGEST KIDNEY TRANSPLANT CENTRE IN SUB-SAHARAN AFRICA

Prime Minister Kassim Majaliwa (centre) poses for a group photo with leaders of Japan-based Tokushukai Medical Group and officials from health institutions and universities of both countries, following the signing of a Memorandum of Understanding on kidney transplant collaboration in Osaka, Japan.

TOKYO, JAPAN – Tanzania has marked a major milestone in its healthcare journey with the announcement of plans to construct a state-of-the-art Kidney Transplant Centre and Training Facility at Benjamin Mkapa Hospital (BMH) in Dodoma.

Set to become the largest kidney transplant centre in Sub-Saharan Africa, the facility will revolutionize medical care, training, and research in the region.

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Strategic Partnership with Japan’s Tokushukai Medical Group

The announcement was made official through the signing of a Memorandum of Understanding (MoU) between the Government of Tanzania and Tokushukai, a renowned Japanese medical organization committed to improving healthcare services globally.

The signing ceremony was held on the sidelines of the Tanzania-Japan Business, Investment, and Tourism Forum in Osaka, witnessed by Tanzania’s Prime Minister Kassim Majaliwa.

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A Collaborative Project for Regional Impact

The centre will be developed in collaboration with Tokushukai and the University of Dodoma (UDOM), with an estimated investment exceeding TZS 28 billion, provided as an unconditional grant.

According to Prof. Abel Makubi, CEO of Benjamin Mkapa Hospital:

“This MoU is aimed at establishing a centre of excellence for kidney transplantation within Tanzania and the wider Sub-Saharan region.”

He added that construction is set to begin later this year, with the facility expected to commence services within three years. The Government of Tanzania has pledged full support to ensure timely and efficient completion of the project.

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Transforming Healthcare and Training

Beyond offering advanced transplant services, the centre will focus on:

• Specialized training for kidney transplant professionals
• Collaborative research on prevention and reduction of kidney diseases
• Establishing a biomedical engineering program to support local manufacturing and maintenance of medical equipment

NMB YATOA MSAADA WA MILIONI 125 KUBORESHA MIUNDOMBINU YA SHULE ARUSHA NA ARUMERU

Uwekezaji wa Kijamii Kwenye Elimu Wapewa Kipaumbele

Benki ya NMB imeendelea kuthibitisha dhamira yake ya kuwa mshirika wa maendeleo kwa Watanzania kwa kutoa msaada wa vifaa vya shule vyenye thamani ya Shilingi milioni 125.2 kwa shule 15 zilizopo katika Wilaya ya Arusha na Arumeru.

Msaada huo umehusisha ununuzi na ugawaji wa vitanda, madawati, viti na meza kwa shule za msingi na sekondari, ikiwa ni sehemu ya mkakati wa benki hiyo wa kuchochea mazingira bora ya kujifunzia kwa wanafunzi nchini.

Shule Zilizofaidika

Katika Arusha Jiji, shule 11 za msingi na sekondari zimenufaika na msaada huo. Shule ya msingi Unga Limited imepokea madawati 150, huku shule za Baraa, Lemara, Sanawari, Elerai na Kijenge kila moja ikipokea madawati 100.

Kwa upande wa shule za sekondari — Unga Limited, Elerai, Kimaseki, Osunyai na Salei — kila moja ilikabidhiwa viti na meza 50.

Katika Wilaya ya Arumeru, shule ya sekondari Oldadai imepokea vitanda vya ghorofa (double decker) 33, huku shule za Kiutu na Kiserian zikikabidhiwa viti na meza 60 kila moja, na shule ya msingi Mussa ikipokea madawati 50.

Kauli Kutoka NMB na Viongozi wa Serikali

Akizungumza wakati wa hafla ya kukabidhi msaada huo, Meneja wa NMB Kanda ya Kaskazini, Baraka Ladislaus, alisema:

“Kwa shule za Arusha Jiji, vifaa vina thamani ya Shilingi milioni 88.2, huku shule za Arumeru zikinufaika na vifaa vya milioni 37. Lengo letu ni kushirikiana na serikali kutatua changamoto katika sekta ya elimu na afya.”

Alieleza kuwa NMB hutenga asilimia moja ya faida yake kila mwaka kusaidia miradi ya kijamii kama sehemu ya uwajibikaji wa kampuni hiyo kwa jamii. Juhudi hizo zimetambuliwa kimataifa na jarida la Global Banking & Finance Magazine la Marekani, ambalo limeitaja NMB kuwa kinara wa Uwajibikaji kwa Jamii Tanzania kwa mwaka 2025, sambamba na kuitambua kama Benki Salama Zaidi nchini.

KERRY’S EAST AFRICA CEO FORUM UNITES 100 F&B LEADERS TO RESHAPE INDUSTRY FUTURE

In partnership with Strathmore Agri-Food Innovation Center (SAFIC), Kerry leads inaugural CEO Forum to drive sustainable growth, regional collaboration, and innovation in Africa’s food and beverage sector.

Nairobi, Kenya, 14 May 2025: In a contribution towards transforming East Africa’s food and beverage landscape, Kerry, a global leader in taste and nutrition, in collaboration with Strathmore Agri-Food Innovation Center (SAFIC) at the Strathmore University Business School, convened over 100 influential leaders at the inaugural CEO Forum.

Themed “Insights and Innovations in the Food and Beverage Industry,” the event served as a platform for fostering innovation, strengthening academia-industry collaboration, and driving sustainable economic growth across the region.

As Africa rapidly emerges as a hotspot for food and beverage innovation, the forum brought CEOs, policymakers, academics, and entrepreneurs together to discuss opportunities and challenges shaping the sector. A highlight was a panel discussion addressing topics from evolving consumer preferences, sustainability as a competitive edge, supply chain resilience, new models for academia-industry collaboration, and how businesses can adapt to changing market demands while building more agile operations.

Hosted at Strathmore University Business School, the event builds on Kerry’s €1 billion investment in emerging markets, evidenced by Kerry’s rapid expansion in Africa including Rwanda in March 2025, bringing Kerry’s global quality closer to manufacturers in the continent.