NMB YADHAMINI NA KUSHIRIKI UZINDUZI WA MBIO ZA MWENGE WA UHURU 2025

Leo Aprili 02, 2025, Benki ya NMB imedhamini na kushiriki uzinduzi wa Mbio za Mwenge wa Uhuru 2025 kitaifa uliofanyika katika viwanja vya Shirika la Elimu Kibaha, mkoani Pwani.

Makamu wa Rais wa Jamhuri ya Muungano wa Tanzania, Mhe. Dkt. Philip Isdor Mpango, ameuwasha rasmi Mwenge wa Uhuru mbele ya Waziri Mkuu, Mhe. Kassim Majaliwa Majaliwa, na viongozi wengine wa Serikali. Baada ya uzinduzi huo, Dkt. Mpango amekabidhi Mwenge wa Uhuru kwa Kiongozi wa Mbio za Mwenge Kitaifa kwa mwaka 2025, Ismail Ussi.

Ussi ameahidi kuukimbiza Mwenge huo katika halmashauri 165 kwenye mikoa yote 31 nchini, kwa kauli mbiu inayohimiza wananchi kushiriki kikamilifu katika Uchaguzi Mkuu kwa amani na utulivu.

Benki ya NMB, ikiwakilishwa na Meneja wa Kanda ya Dar es Salaam, Seka Urio, inaendelea kuwa mdau muhimu katika matukio ya kitaifa yenye lengo la kuhamasisha amani, mshikamano, na maendeleo.

HIGHLIGHTS ON THE NEW REGULATIONS ON FOREIGN CURRENCY USAGE IN TANZANIA

The Minister of Finance has issued the long-anticipated regulations on usage of foreign currency in Tanzania, GN 198 of 2025 effective as of 28 March 2025. These regulations follow amendments introduced in the Finance Act of 2024 which introduced an amendment to the Bank of Tanzania Act which sought to reinforce the use of Tanzanian Shillings (TZS) for domestic transactions by prohibiting use of foreign currency in local transactions.

Summary of key provisions

• All goods and services must be priced and transacted in TZS.

• Publishing prices, invoicing, or demanding payment in foreign currency is prohibited.

• Refusing to accept TZS for payment is an offense.

• Contracts for goods and services in Tanzania must be in TZS, unless they fall under specified exceptions.

• Existing contracts denominated in foreign currency must be amended within 12 months to comply. Otherwise, they become void unless an extension is granted by the Minister of Finance, and such extension may not exceed the existing tenure of the contracts.

Exceptions

The regulations allow some transactions to be conducted in foreign currency, including:

• Payments by the Government of Tanzania to regional organisations that are in Tanzania.

• Transactions involving diplomatic missions and "international organisations". The Kiswahili text of the legislation seemingly creates an ambiguity on what constitutes “international organisations” – one could say "international corporation" or "multinational company", although I the exemption should probably be construed as international organisations linked to diplomatic missions.

• Foreign currency loans issued by local banks and financial institutions.

• Purchases at duty-free shops.

Implications for Businesses

Businesses with foreign investors, international suppliers, or foreign-denominated contracts, must now reassess their pricing, invoicing, and contractual arrangements to comply with the regulations.

What actions can businesses take?

• Review and amend contracts. Any existing contracts denominated in foreign currency must be renegotiated into TZS within the next 12 months.

• Reassess pricing and payment structures. Businesses that previously quoted prices in USD must adjust to TZS pricing.

• Formulate strategy to communicate these changes early to your customers, suppliers and investors in order to manage disruptions.

• Seek regulatory guidance from your legal, finance and tax advisors and formulate solutions around the guidance.

At Clyde & Co Tanzania, we regularly advise clients on regulatory compliance and tax matters. If you have concerns about how these regulations impact you, feel free to reach out to Peter Kasanda or Imani Mselle for guidance.

UGANDA SIGNS $4 BILLION HOIMA OIL REFINERY PROJECT AGREEMENT

In what is termed as a big step in the energy sector of Uganda, the country’s Ministry of Energy and Mineral Development (MEMD), Uganda National Oil Company (UNOC), and a joint venture partner, Alpha MBM, have just signed an Implementation Agreement for the long anticipated Hoima Oil Refinery Project. This agreement was signed on Saturday in the presence of President Museveni at the country’s state house.

“I want to extend gratitude to His Highness Sheikh Mohammed Bin Maktoum and our allies from the UAE for their commitment to investing in Uganda,” President Museveni mentioned in reference to the Alpha MBM boss.

Project Factsheet

Location: Kabaale, Buseruka Sub-County, Hoima District, Uganda.

Capacity:

• Planned for 60,000 barrels of oil per day (bopd).
• Proposed development in two phases of 30,000 bopd.

Significance:

• To boost Uganda’s energy security by reducing reliance on imported petroleum products.
• To serve the petroleum product markets in Uganda and neighboring countries.

Key infrastructure:

• 60,000-barrel refinery in Kabaale.
• Mbegu Water Intake and water pipeline.
• 211 km multi-product pipeline to a storage terminal in Namwabula, Mpigi District.
• Storage terminal for refined products in Namwabula.

Financials:

• Estimated project cost: approximately $4 billion.
• As of late 2024, Uganda has chosen to fully finance the refinery through equity.

Key points to note:

• The refinery is planned to process crude oil from Uganda’s Albertine Graben region, which holds significant oil reserves.
• The project has included land aquisition, and a Resettlement Action Plan (RAP) for affected people.
• The project has gone through feasibility studies, and Front-End Engineering Design (FEED) approvals.
• The refinery will be a Residue Fluid Catalytic Cracker (RFCC) type.

Related projects:

• Hoima–Kampala Petroleum Products Pipeline: This pipeline will transport refined products from the Hoima refinery to a distribution terminal near Kampala.

“Today, I witnessed the signing of a historic oil refinery implementation agreement between Uganda and Alpha MBM Investments LLC, a company based in the UAE. This agreement will foresee the establishment of a crude oil refinery in Hoima District. The refinery will have a capacity of 60,000 barrels per day,” he mentioned further.

”We must stop the exportation of raw materials and instead add value to everything we produce as a country.”

STANBIC YAUNGA MKONO BIASHARA NA USHIRIKIANO WA KIKANDA KATIKA MKUTANO WA EACCS 2025

• Stanbic Tanzania imethibitisha tena dhamira yake ya kusaidia kukuza biashara, kufadhili miundombinu, na ushirikiano wa kikanda wakati wa huu nyeti wa usafirishaji shehena na uchukuzi kwa ujumla

• Benki hii ya tatu kwa ukubwa wa faida inayo masuluhisho ya kifedha ya kuboresha ufanisi wa uchukuzi, kupanua wigo wa masoko, na kuhamasisha fursa za kibiashara nje ya nchi

• Kushirikiana na wafanybiashara na Serikali kuifanya Tanzania kuwa kitovu cha biashara na uchukuzi barani Afrika

Alhamisi, 27 Machi 2025 | Dar es Salaam – Kadri Afrika Mashariki inavyozidi kukua kibiashara, Tanzania inaendelea kujizatiti kama kitovu cha uchukuzi wa shehena na biashara, ikichangia kwa kiasi kikubwa ukuaji wa kiuchumi katika ukanda huu ulioneemeka kwa rasilimali asili na watu.

Stephen Mpuya, Mkuu wa Kitengo cha Bidhaa kwa Biashara, Benki ya Stanbic akizungumza kwenye Mkutano wa Wadau wa Usafirishaji Afrika Mashariki uliofanyika Alhamisi wiki iliyopita Jijini Dar es salaam.

Uwekezaji na ushirikiano wa wadau mbalimbali, hasa katika kuboresha miundombinu na kufadhili upatikanaji wa mitaji, umewezesha kuunganisha wafanyabiashara kutoka mataifa tofauti wa eneo hili na kuimarisha nafasi yake kama lango kuu la biashara katika nchi za Afrika Mashariki, Kati, na Kusini mwa Afrika.

Benki ya Stanbic Tanzania, taasisi inayoongoza katika ufadhili wa biashara na uwekezaji katika miundombinu, imethibitisha utayari wake wa kuwa sehemu ya maono haya ya Tanzania wakati wa Mkutano wa East Africa Cargo Connect Summit (EACCS) 2025 uliofanyika jijini Dar es Salaam mwishoni mwa wiki jana.

Mkutano huu uliwakutanisha viongozi wa sekta, watunga sera, na wawekezaji kujadili fursa na changamoto katika urahisishaji wa biashara, uchukuzi na usafirishaji wa shehena, pamoja na ufadhili wa miradi ya miundombinu stahiki.

Kupitia kaulimbiu ya “Tanzania: Kinara wa Mustakabali wa Kuunganisha Mitandao ya Biashara Mashariki na Kusini mwa Afrika,” mkutano wa EACCS 2025 ulisisitiza umuhimu wa kuboresha miundombinu, kuwezesha upatikanaji wa ufadhili unaofaa, na kutekeleza sera za biashara zinazowezesha miamala ya biashara kufanyika bila vikwazo kati ya mataifa mbalimbali.

Benki ya Stanbic imekuwa kiongozi katika kusaidia wafanyabiashara kushindana kwa ufanisi katika masoko ya kikanda na kimataifa. Kupitia ushirikiano na serikali na sekta binafsi, tunatoa masuluhisho maalum ya kifedha yanayolenga kukabiliana na mahitaji yanayobadilika ya sekta ya uchukuzi na usafirishaji wa shehena.

MAKAMU WA RAIS DKT. PHILIP MPANGO AZINDUA MATAWI YA NMB

Makamu wa Rais wa Jamhuri ya Muungano wa Tanzania, Mhe. Dkt. Philip Mpango, ametoa wito kwa wananchi kuepuka wakopeshaji binafsi maarufu kama kausha damu ambao hutoza riba kubwa na kunyanyasa wateja kupitia ukamataji wa mali za wadaiwa. Amebainisha kuwa kufunguliwa kwa matawi mapya ya NMB karibu na wananchi kutatoa fursa ya upatikanaji wa huduma za kifedha kwa ufanisi, usalama, na unafuu.

Dkt. Mpango aliyasema hayo wakati akizindua rasmi Matawi ya Benki ya NMB Chanika na Kinyerezi jijini Dar es Salaam. Alieleza kuwa uzinduzi wa matawi hayo utaongeza mchango wa NMB katika maendeleo ya taifa kwa kulipa kodi, kutoa ajira za moja kwa moja na zisizo za moja kwa moja, na kusaidia usalama wa miamala kama malipo ya bili za maji, umeme, ada za shule, na mauzo ya bidhaa.

Aidha, Makamu wa Rais alitoa wito kwa NMB kuendelea kuchangia kwenye maendeleo ya kijamii hususan katika sekta za afya na elimu. Alisema kuwa uwajibikaji kwa jamii ndio msingi wa kudumu wa mahusiano bora kati ya benki na wananchi.

“Kupitia kuongeza idadi ya mawakala wenu, mtakuwa mnasaidia kuzalisha ajira kwa vijana ambao ni wadau muhimu wa huduma hizi. Ninaipongeza NMB kwa juhudi hizi na nawasihi msiishie hapa, bali muendelee kuwekeza zaidi katika elimu ya fedha kwa wananchi, hasa wale wa vijijini,” alisema Dkt. Mpango.

Makamu wa Rais alisisitiza umuhimu wa kubuni mikakati bora ya kuongeza uelewa wa masuala ya fedha miongoni mwa wananchi. Aliitaka NMB kushirikiana na Benki Kuu ya Tanzania na Umoja wa Mabenki kubuni programu za kuongeza elimu ya kifedha, huku akitoa rai ya kupunguza gharama za huduma za kidijitali ili ziweze kufikiwa na watu wengi zaidi.

Aliongeza kuwa Sekta ya Benki na Fedha imeendelea kukua na kuonesha mafanikio makubwa, ambapo mchango wake kwenye ukuaji wa Pato la Taifa umeongezeka kutoka asilimia 2.3 mwaka 2019 hadi asilimia 8.6 mwaka 2023. Dkt. Mpango alihimiza NMB kujizatiti kwa mikakati madhubuti ya kuhimili mitikisiko ya kiuchumi, magonjwa, na changamoto nyingine za kimataifa.

STANBIC YAENDESHA DROO YA PILI YA TAP KIBINGWA, YAWAZAWADIA WATEJA

Meneja wa Kitengo cha Kadi kutoka Benki ya Stanbic, Irene Mutabihirwa (katikati) akizungumza wakati wa kutangaza washindi wa droo ya pili ya kampeni ya "Tap Kibingwa" inayohamasisha wateja kutumia kadi za Visa Debit. Tukio hilo lilifanyika jijini Dar es salaam na jumla ya washindi 5 walipatikana kwa kujishindia kiasi cha Tsh 500,000 kila mmoja . Wengine katika picha ni Mwakilishi wa Bodi ya Michezo ya Kubahatisha Tanzania, Irene Kahwili (kushoto) na Joan Muro, kutoka kitengo cha kadi Benki ya Stanbic.

• Ambapo washindi watano wamejishindia TZS 500,000 kilammoja katika droo ya Tap Kibingwa, ikiendelea kusherehekea hatua ya Tanzania kuelekea uchumi usiotegemea pesa taslimu.
• Benki ya Stanbic imeendelea kuwazawadia wateja wake ambao wanatumia huduma za kibenki kupitia Kadi za Visa Debit, huku droo moja ya mwisho ya mwezi ikitarajiwa kufanyika mapema mwishoni mwa mwezi Machi, ikiwa nidroo ya mwisho ya kampeni hiyo.
• Droo kubwa ya mwishoni mwa mwezi Machi itamshuhudia mshindi mmoja akiibuka na gari jipya aina ya Suzuki Fronx 2024, zero mileage, ikidhihirisha dhamira ya Stanbic yakukuza huduma ya benki kidijitali.

Dar es Salaam, Machi 2025 – Benki ya Stanbic imefanikiwa kuendesha droo ya pili ya mwezi ya kampeni yake ya Tap Kibingwa, ambapo wateja watano wamejishindia kiasicha TZS 500,000 kila mmoja. Kampeni hii inalenga kuchochea matumizi ya Kadi za Visa Debit kwa ajili ya miamala ya kidijitali, ikiendelea kuhamasisha urahisi na usalama wa malipo yasiyo ya pesa taslimu kote nchini Tanzania.

Washindi wa droo ya Machi ni:

Richard Muyambo
Alice Frank Mutagonda
Saddam Ally
Nabbila Abbasali Hirji
Siddharth Misra

Meneja wa Kutoa Kadi wa Benki ya Stanbic, Irene Mutabihirwa, amesisitiza dhamira ya benki hiyo ya kuendeleza malipo ya kidijitali nchini Tanzania.

"Tap Kibingwa ni sehemu ya mkakati wetu mpana wa kuimarisha ubunifu wa kifedha na ujumuishi wa kifedha. Miamala ya kidijitali huleta usalama na ufanisi, na tunafurahia kuendelea kuwazawadia wateja wetu kwa kufanya maamuzibora ya kifedha," alisema Mutabihirwa.

Tap Kibingwa ni kampeni maalum inayoendeshwa na Benki ya Stanbic inayohamasisha wateja kutumia Kadi za Visa Debit kwa malipo ya kila siku badala ya pesa taslimu. Wateja wanaofanya miamala ya angalau TZS milioni 5 kwa mwezi wanapata nafasi ya kushiriki kwenye droo za kila mwezi. Kampeni hii inaendelea hadi mwisho wa Machi 2025, ambapo droo kubwa itamshuhudia mshindi mmoja akiibuka na gari jipya aina ya Suzuki Fronx 2024, zero mileage.

NAIBU MUFTI: KUMWALIKA TAJIRI SI KAMA HUJAFUTURISHA, APONGEZA BENKI YA TCB KWA KUGUSA WOTE

Naibu Mufti Mkuu wa Tanzania, Sheikh Hassan Chizenga ameipongeza Benki ya Biashara Tanzania(TCB) kwa kufuturisha makundi mbalimbali ikiwa ni moja ya ibada muhimu katika kipindi hiki cha Mwezi Mtukufu wa Ramadhani, huku akisema hata tajiri anastahili kualikwa.

Sheikh Chizenga aliyemwakilisha Mufti Mkuu wa Tanzania, ameyasema hayo wakati wa hafla ya futari maalum iliyoandaliwa na benki hiyo Machi 28, 2025 katika hoteli ya Serena jijini Dar es Salaam ambapo ilijumuisha watu mbalimbali ikiwamo viongozi wa dini, watoto yatima kutoka vituo tofauti, wateja wao, wafanyakazi wa TCB, na Jumuiya ya Watu Wenye Ulemavu wa Ngozi.

Naibu Mufti huyo amesema kuwa TCB imefanya jema kukaa na wateja wake na watu wengine kufuturu pamoja na kukiri kuwa hafla hiyo imekuwa tofauti na sehemu nyingine alizowahi kualikwa katika kipindi hiki.

“Mwaliko hata kama umewahi kujadiliwa katika mitandao, kumwalika tajiri mwenzako si kama hujafuturisha, utakuwa umefuturisha si binadamu? Lakini pale utakapomwalika tajiri halafu ukamwalika na mtu ambaye huna nasaba naye hata katika mizunguko yako ya kila siku. na huna namna ya kukutana naye, ukamwalika yatima, ukamwalika mtu wa chini. Nyinyi mmepatia sana na mmeenda mahali ambapo Mungu anapopataka”, ameeleza Naibu Mufti.

Kwa upande wake Mkurugenzi Mkuu wa TCB, Adam Mihayo amesema dhamira ya benki hiyo ni kushirikiana na Serikali katika kujenga uchumi imara.

Amesema kwa kutambua unyeti wa baadhi ya sekta wamekuwa wakizigusa moja kwa moja ili kupunguza mzigo kwa serikali lakini pia ni sehemu ya kurudisha kwa jamii.

“TCB tunaamini kuwa benki sio tu taasisi ya fedha bali ni mshirika wa maendeleo ya jamii, tumekuwa mstari wa mbele katika kusaidia miradi yenye matokeo chanya kwa jamiia tukigusa sekta mbalimbali ikiwamo afya, elimu ,pia kusaidia taasisi za kidini katika miradi mbalimbali.

“Tumeendelea kutoa misaada kwa kuimarisha miundombinu katika elimu ikiweo kusaidia madawati katika baadhi ya shule lakini pia tumetembelea katika hospitali na kutoa misaada bila kusahau makundi yenye uhitaji.” amesema Mihayo.

DTB FOSTERS UNITY AND LOYALTY WITH MEMORABLE IFTAR AT TANGA BEACH RESORT

A memorable moment captured at Diamond Trust Bank’s Iftar event, bank officials in Tanga coming together to celebrate the spirit of community and strengthen relationships.

On the evening of 27th March 2025, Diamond Trust Bank Tanzania PLC (DTBT) held a memorable Iftar event at Tanga Beach Resort in Tanga Region where over 200 valued customers gathered for a special Iftar hosted by the bank. This carefully planned event provided a unique opportunity for customers to connect, share experiences and foster deeper relationships with both each other and the bank’s leadership team.

Sheikh Juma Bakari Ilungulu addresses attendees at Diamond Trust Bank’s Iftar event in Tanga, sharing words of reflection and unity after a day of fasting, fostering a sense of community and connection.

The Iftar was honoured by the presence of the Secretary of the Union of Sheikhs in Tanga - Sheikh Juma Bakari Ilungulu, and graced by the Chief Guest, Ambassador Dr. Batilda Buriani, the Regional Commissioner of Tanga. This event, marking the breaking of the fast during the holy month of Ramadan, was not merely a meal but a symbolic representation of Diamond Trust Bank’s unwavering commitment to its customers and the broader community.

Sylvester Bahati, Diamond Trust Bank’s Head of Corporate Communications & Citizenship addresses invitees at the Iftar event, expressing gratitude and reinforcing the bank's commitment to building strong relationships with its valued customers.

During the event, customers had the chance to interact with one another and with different bank officials in a relaxed, friendly setting. This allowed for the exchange of ideas, feedback, and insights, all of which are invaluable to the bank as it continues to evolve to meet the needs of its clients.

Customers gathered at Diamond Trust Bank’s Iftar event in Tanga, for a well-deserved meal after a long day of fast.

For DTB this Iftar was a testament to the power of face-to-face engagement and the importance of listening to and supporting the customers who continue to drive the bank’s success.

With the support of these valued customers, Diamond Trust Bank looks forward to continuing its journey of growth, innovation, and community engagement, both in Tanga and beyond.

VODACOM APPOINTS DAVID TARIMO AS INDEPENDENT NON-EXECUTIVE DIRECTOR AND BOARD CHAIRMAN

AKIBA COMMERCIAL BANK BRINGS JOY TO CHAKUWAMA ORPHANAGE WITH HEARTFELT DONATION

Dar es Salaam, 28 March 2025: As part of its commitment to giving back to the community, Akiba Commercial Bank has extended support to Chakuwama Orphanage, bringing smiles to the children through a donation aimed at improving their well-being.

The donation, which includes essential supplies, reflects the bank’s dedication to making a meaningful impact in the lives of those in need and fostering hope for a brighter future. Speaking during the handover, Ms. Dora Saria, Head of Marketing and Communication at Akiba Commercial Bank, emphasized the institution’s belief in supporting communities and creating lasting positive change.

"At Akiba Commercial Bank, we believe in the power of collective support to transform lives. This donation is a step towards ensuring the well-being of these children while fostering hope for those in need and a brighter future ahead," said Ms. Saria.

Mr. Hassan Tabu, representing Chakuwama Orphanage, expressed heartfelt gratitude for the bank’s generosity, acknowledging that such support plays a crucial role in uplifting the children’s lives. “We sincerely appreciate Akiba Commercial Bank for standing with us. This donation will go a long way in ensuring the children’s needs are met while giving them a reason to smile,” he said.

Through this initiative, Akiba Commercial Bank reaffirms its commitment to corporate social responsibility, striving to make a positive and lasting impact in the communities it serves.

NBC YAITAMBULISHA “NBC SHAMBANI’’ KWA WAKULIMA SONGWE, MBEYA

Katibu Tawala Wilaya ya Mbozi Bw Mbwana Kambangwa, (alieshika mkasi) akijipongeza sambamba na wadau wengine mara baada ya kuzindua kampeni ya ‘Wekeza NBC Shambani Ushinde’ inayoratibiwa na benki ya NBC mahususi kwa wakulima mazao mbalimbali ikiwemo kahawa na ufuta katika mikoa ya Songwe na Mbeya wakati wa hafla ya uzinduzi iliyofanyika kata ya Mlowo, wilayani Mbozi mkoani Songwe. Wengine ni pamoja na Mkuu wa kitengo cha wateja wadogo wadogo na wakulima kutoka Benki ya NBC, Bw Raymond Urassa (katikati) na wadau mbalimbali wa kilimo kutoka mikoa ya Songwe na Mbeya.

Katibu Tawala Wilaya ya Mbozi Bw Mbwana Kambangwa, (katikati) sambamba na wadau wengine wakionesha zawadi za pikipiki na kompyuta mpakato ‘laptops’ zitakazotolewa kwa washindi wa kampeni ya ‘Wekeza NBC Shambani Ushinde’ inayoratibiwa na benki ya NBC mahususi kwa wakulima mazao mbalimbali ikiwemo kahawa na ufuta katika mikoa ya Songwe na Mbeya wakati wa hafla ya uzinduzi iliyofanyika kata ya Mlowo, wilayani Mbozi mkoani Songwe.

• Wakulima washukuru kuondokana na makato, kufungiwa akaunti

Songwe, Machi 28, 2025: Benki ya Taifa ya Biashara (NBC), imetambulisha kampeni yake ya ‘Wekeza NBC Shambani Ushinde’ kwa wakulima wa mazao mballimbali ikiwemo Kahawa na ufuta kwenye mikoa ya Songwe na Mbeya ikiwa ni muendelezo wa jitihada za benki hiyo kuchochea kasi ya ukuaji wa sekta ya kilimo kupitia uchumi jumuishi unaochagizwa na huduma rasmi za kifedha.

Hafla ya uzinduzi wa kampeni hiyo ilifanyika kata ya Mlowo, wilayani Mbozi mkoani Songwe ikiongozwa na Katibu Tawala Wilaya ya Mbozi Bw. Mbwana Kambangwa, huku pia ikihushisha uwepo wa wadau mbalimbali wa sekta za kilimo na ufugaji kutoka mikoa hiyo miwili wakiwemo viongozi wa vyama vya msingi na vyama vikuu vya ushirika vya wakulima na wafugaji (AMCOS), pamoja na wadau wengine wanaoshiriki kwenye mnyororo wa thamani wa sekta hiyo muhimu.

Mkuu wa kitengo cha wateja wadogo wadogo na wakulima kutoka Benki ya NBC, Bw Raymond Urassa aliwaongoza maofisa wengine wa benki hiyo kwenye uzinduzi wa kampeni hiyo inayotoa fursa kwa wakulima na wafugaji wa mikoa ya Songwe na Mbeya kushinda zawadi mbalimbali ikiwemo pikipiki na kompyuta mpakato ‘Laptops’

Akizungumza kwenye hafla hiyo, Bw Kambangwa pamoja na kuipongeza benki hiyo kwa jitihada zake endelevu zinazolenga kuwasaidia wakulima na wafugaji katika maeneo mbalimbali hapa nchini ukiwemo mkoa wa Songwe, alisema ujio wa kampeni hiyo kwenye mikoa hiyo utasaidia kuchochea ukuaji wa uchumi wa wadau mbalimbali wa sekta hizo hususani kupitia huduma mbalimbali za kibenki zilizobuniwa mahususi kwa makundi hayo ikiwemo elimu ya kifedha na huduma za mikopo rafiki.

“Ubora zaidi wa kampeni hii unaonekana pale inapohusisha utoaji wa elimu ya nidhamu ya fedha miongoni mwa wakulima mmoja mmoja na vyama vya ushirika hatua ambayo itawajengea uwezo wa kuona umuhimu wa kujiwekea akiba, umuhimu wa kutumia bima mbalimbali ikiwemo bima ya afya, bima za kilimo pamoja na kuwekeza kwenye zana za kisasa za kilimo.’’

CAREER OPPORTUNITY AT TADB BANK - MARKETING, CUSTOMER SERVICE & CORPORATE AFFAIRS MANAGER

The Manager – Marketing, Customer Service, and Corporate Affairs is pivotal in shaping TADB’s public image, strengthening stakeholder relationships, and enhancing customer experience. This role drives strategic communication, branding, and marketing initiatives, ensuring alignment with TADB’s development finance mandate and national priorities.

This position requires strong leadership, strategic execution, and adaptability to effectively position TADB as a key player in development finance.

Application deadline: Not later than 4:00 pm, 10th April 2025.

CLICK HERE TO APPLY > > >

EACOP SECURES MAJOR FUNDING AS CONSTRUCTION SURPASSES 55% MILESTONE

The East African Crude Oil Pipeline (EACOP) project has reached a significant milestone by securing the first tranche of external financing from a consortium of leading financial institutions. This consortium includes the African Export-Import Bank (Afreximbank), Standard Bank of South Africa Limited, Stanbic Bank Uganda Limited, KCB Bank Uganda, and the Islamic Corporation for the Development of the Private Sector (ICD). This financial commitment underscores confidence in EACOP's potential to transform the East African energy sector.

The project's shareholders comprise TotalEnergies (62%), Uganda National Oil Company Limited (UNOC, 15%), Tanzania Petroleum Development Corporation (TPDC, 15%), and China National Offshore Oil Corporation (CNOOC, 8%). Collectively, they are ensuring the project's progression towards establishing a significant export system aimed at boosting economic development in both Uganda and Tanzania.

Construction of the 1,443-kilometer pipeline—spanning 296 km in Uganda and 1,147 km in Tanzania—has surpassed 55% completion as of March 2025. The project emphasizes safety, environmental sustainability, and community engagement. Currently, over 8,000 Ugandan and Tanzanian citizens are employed, with 400,000 man-hours of training provided to equip the workforce with essential skills. Additionally, $500 million has been injected into local economies through the procurement of goods and services, reinforcing the project's positive economic impact.

Once completed, EACOP will transport up to 246,000 barrels of crude oil per day from Kabaale in Uganda's Hoima District to the Chongoleani Peninsula near Tanzania's Tanga Port. The pipeline features advanced technology, including a 24-inch insulated and buried system, six pumping stations, and two pressure reduction stations. Notably, the marine export terminal in Tanzania will incorporate a 3 MW solar plant, highlighting the project's commitment to integrating renewable energy solutions.

Adhering to high environmental and social standards, EACOP aligns with the International Finance Corporation (IFC) guidelines and the Equator Principles, ensuring socially responsible and environmentally sustainable execution. The project connects to national power grids, primarily hydro-based, to minimize its carbon footprint. EACOP represents more than just an oil pipeline; it symbolizes regional collaboration, economic development, and industrial advancement, offering long-term economic opportunities to communities along its route.