Kitomari Banking & Finance Blog: EQUITY BANK LAUNCHES "WEZESHA ACCOUNT" TO BOOST INVESTMENT AND FINANCIAL EMPOWERMENT

Wednesday, 11 February 2026

EQUITY BANK LAUNCHES "WEZESHA ACCOUNT" TO BOOST INVESTMENT AND FINANCIAL EMPOWERMENT

Dar es Salaam, February 11, 2026

Equity Bank Tanzania Limited (EBTL) has officially launched the “Wezesha Account,” a strategic fixed deposit product designed to empower Tanzanians by transforming savings into a disciplined, high-yield investment opportunity.

The new product targets individuals, entrepreneurs, and institutions seeking a secure and predictable way to grow their capital while maintaining flexibility.

Turning Savings into Predictable Income

The Wezesha Account offers an attractive 13% annual interest rate, paid monthly, providing customers with a reliable income stream and enhanced financial predictability. With consistent monthly returns, the product is structured to support long-term wealth creation while encouraging disciplined savings.

Key Features of the Wezesha Account:

Interest Rate: 13% per annum
Interest Payment: Monthly payouts
Tenor: 3 years
Minimum Deposit: TZS 500,000
Loan Access: Deposit can serve as collateral for loans of up to 80% of its value

A standout feature of the Wezesha Account is the ability for customers to leverage their fixed deposit as collateral. This enables clients to access up to 80% of their deposit value in loans without liquidating their investment — offering flexibility for entrepreneurs and businesses that require liquidity while preserving capital growth.

Strategic Growth and Economic Impact

Equity Bank aims to mobilize TZS 200 billion through the Wezesha Account, strengthening its lending pipeline and supporting its broader strategic growth objectives.

Speaking at the launch, Equity Bank Commercial Director, Mr. Prosper Nambaya, emphasized the bank’s long-term vision and commitment to financial empowerment:

“Our purpose is to transform lives, give dignity, and expand opportunities for wealth creation. The Wezesha Account is a tangible expression of this commitment. It provides a trusted and empowering tool for Tanzanians to make their money work harder, earn predictable returns, and unlock financial freedom. This initiative is central to our strategy of growing our balance sheet responsibly to position among Tanzania's top-tier banks.”

Responding to Market Dynamics

The launch comes at a time when banks are focusing on strengthening liquidity and building stable funding bases. The Wezesha Account is strategically designed to:

Improve the bank’s Local Currency Loan-to-Deposit Ratio
Build a stable, long-term funding base
Provide low-cost, stable funding to support high-margin MSME lending

By channeling funds into the MSME segment, the product aligns with broader economic development priorities, as small and medium enterprises remain key drivers of Tanzania’s economy.

The competitively set 13% interest rate aligns with prevailing market yields, including corporate bonds and government securities, ensuring attractiveness to investors while maintaining financial sustainability for the bank.