TANZANIA'S ECONOMY REMAINS RESILIENT AS GROWTH STRENGTHENS, INFLATION STAYS WITHIN TARGET

August 13, 2026: Tanzania's economy continued to demonstrate resilience in the first half of 2026, with strong economic growth, stable inflation, expanding private sector credit and robust exports despite global uncertainties caused by geopolitical tensions and volatile commodity prices. These are among the key highlights from the Bank of Tanzania's July 2026 Monthly Economic Review.

Economic Growth Accelerates

The Bank of Tanzania reported that Mainland Tanzania's economy grew by 6.0 percent in the first quarter of 2026, up from 4.3 percent during the same period in 2025. Growth was driven by agriculture, financial and insurance services, transport and storage, as well as continued public and private investment.

The central bank projects growth of 5.9 percent in the second quarter, supported by expanding private sector credit, reliable electricity supply, strong mineral production, resilient tourism, strategic infrastructure investments and preparations for the 2027 Africa Cup of Nations (AFCON).

Inflation Remains Under Control

Headline inflation eased to 4.0 percent in June 2026, down from 4.2 percent in May, remaining comfortably within the Government's target range of 3-5 percent and regional convergence benchmarks.

The moderation was mainly due to lower food prices following improved harvests, although higher transport and energy costs continued to put pressure on core inflation.

Monetary Policy Supports Growth

The Bank of Tanzania maintained the Central Bank Rate (CBR) at 5.75 percent, while ensuring sufficient liquidity in the banking system to support lending and economic activity.

Broad money supply continued to expand, reflecting the Bank's accommodative monetary policy aimed at preserving price stability while encouraging economic growth.

Private Sector Credit Continues to Expand

Private sector credit recorded impressive growth of 28.1 percent in the year ending June 2026, up from 23.2 percent in May.

STANBIC BANK GRADUATES 261 GREEN ENTREPRENEURS, STRENGTHENS PATHWAY TO BUSINESS FINANCE

From left: Mercy Githanji, Executive Director and Head of Stanbic Kenya Foundation; Kai Mollel, Head of Stanbic Biashara Incubator; a beneficiary receiving her certificate; Julian Henseli, Advisor and Technical Team Leader for the WE4D Programme; and other programme representatives during the graduation ceremony for 261 entrepreneurs under the Biashara na Ajira Kijani Programme in Arusha. The initiative equips entrepreneurs with business skills, mentorship and improved access to formal financing to support the growth of green enterprises.

ARUSHA, TANZANIA, 10 August 2026 — Stanbic Bank Tanzania has graduated 261 entrepreneurs across Arusha, Mbeya, Mwanza and Tanga under the Biashara na Ajira Kijani Programme, strengthening efforts to equip emerging green businesses with practical skills, financial discipline and a clearer pathway to formal finance.

The programme was implemented through the Stanbic Biashara Incubator, with support from GIZ through the Stanbic Kenya Foundation, and focuses on entrepreneurs operating within Tanzania’s growing green economy.

The graduating class comprises 77 entrepreneurs from Mbeya, 60 from Arusha, 60 from Mwanza and 64 from Tanga. Women account for 76 percent of the cohort, reflecting the significant role women are playing in Tanzania’s emerging green business landscape.

The entrepreneurs operate across five sectors central to Tanzania’s green transition: sustainable agriculture, renewable energy, the circular economy, the blue economy and green transport.

These sectors are increasingly recognised as important drivers of sustainable economic growth, job creation, climate resilience and Tanzania’s transition towards a low-carbon economy.

BUILDING INVESTMENT-READY BUSINESSES

Between May and July 2026, the programme recruited, trained and coached all 261 entrepreneurs through a classroom bootcamp, followed by one-on-one coaching and mentorship.

The training focused on areas that frequently prevent small businesses from accessing formal financial services, including costing and pricing, financial record-keeping, market access and preparation for formal credit.

TANZANIA, UGANDA SIGN MOU TO DEVELOP US$20 BILLION TANGA REGIONAL ENERGY HUB

Vitol Managing Director for Bahrain and Head of Middle East, Tom Baker (left), Tanzania Petroleum Development Corporation (TPDC) Executive Director, Mussa Makame (centre) and Uganda National Oil Company (UNOC) Chief Executive Officer, Ms Proscovia Nabbanja display signed Memorandum of Understanding (MoU) documents at State House in Dar es Salaam recently.

DAR ES SALAAM, TANZANIA; August 12, 2026 – Tanzania and Uganda have signed a Memorandum of Understanding (MoU) to jointly develop the proposed Tanga Regional Energy Hub, marking a major milestone in the two countries’ efforts to deepen energy cooperation, accelerate industrialisation and expand regional trade.

The MoU was signed by Tanzania Petroleum Development Corporation (TPDC) Executive Director Mussa Makame, Uganda National Oil Company (UNOC) Chief Executive Officer Proscovia Nabbanja, and Vitol Managing Director for Bahrain Tom Baker.

The signing ceremony was witnessed by President Samia Suluhu Hassan and her Ugandan counterpart, President Yoweri Museveni, during President Museveni’s two-day working visit to Tanzania recently.

INTEGRATED ENERGY INFRASTRUCTURE

The proposed Tanga Regional Energy Hub will comprise several major components, including a crude oil refinery, terminal tank farm for storage and loading of refined petroleum products, crude oil receiving jetty, and a bidirectional multiproduct pipeline linking Tanga and Uganda.

Once developed, the project will enable crude oil from Uganda to be refined in Tanzania, with petroleum products subsequently supplied to markets in Tanzania, Uganda and other neighbouring countries.

The initiative is expected to allow the two countries to participate more extensively across the petroleum value chain, moving beyond the export and transportation of crude oil to refining, storage, logistics, trading and distribution.

BIDIRECTIONAL PIPELINE TO BOOST REGIONAL ENERGY SECURITY

One of the project's key features is the proposed bidirectional multiproduct pipeline, which differs from conventional petroleum pipelines that transport products in only one direction.

The pipeline will allow refined petroleum products to move between Tanzania and Uganda depending on market demand.

Speaking at the signing ceremony at State House in Dar es Salaam, Minister for Energy Deogratius Ndejembi said the agreement represents a new chapter in East Africa’s economic integration.

TANZANIA BREWERIES YAIMARISHA USHIRIKIANO NA WAKULIMA KUJENGA MUSTAKABALI WA KILIMO

DAR ES SALAAM: Kila tarehe 8 Agosti, Tanzania huadhimisha Nane Nane kwa kutambua mchango wa wakulima katika kulisha taifa, kuboresha maisha ya wananchi na kuchochea ukuaji wa uchumi.

Kilimo ni miongoni mwa sekta muhimu zaidi katika uchumi wa Tanzania, kikichangia takribani asilimia 26 ya Pato la Taifa (GDP) na kuajiri zaidi ya asilimia 61 ya Watanzania. Sekta hiyo pia hutoa malighafi muhimu kwa viwanda vya chakula na vinywaji, nguo pamoja na bidhaa zinazolenga masoko ya nje.

Hata hivyo, mustakabali wa kilimo hautegemei uzalishaji pekee. Unahitaji ushirikiano wa karibu kati ya wakulima, Serikali, taasisi za utafiti, taasisi za kifedha, washirika wa maendeleo na sekta binafsi ili kuongeza uzalishaji, kukabiliana na athari za mabadiliko ya tabianchi na kuhakikisha upatikanaji wa masoko.

TBL YAENDELEZA MPANGO WA SMART AGRICULTURE

Tanzania Breweries Public Limited Company (TBL PLC) inaendelea kushirikiana na wakulima kupitia Mpango wa Smart Agriculture, unaolenga kuwawezesha wakulima kuongeza uzalishaji na kujenga kilimo endelevu.

Mwaka 2025, TBL ilishirikiana na zaidi ya wakulima wadogo 2,500 kwa kuwapatia ushauri wa kitaalamu, mafunzo ya kiufundi pamoja na programu zinazolenga kuwawezesha kiuchumi.

Kupitia ushirikiano huo, wakulima wanasaidiwa kuongeza uzalishaji, kuboresha ubora wa mazao na kutumia mbinu endelevu za kilimo, huku ikiimarishwa pia upatikanaji wa malighafi zinazozalishwa nchini.

KIWANDA CHA KILIMANJARO MALTING CHAFUNGUA FURSA ZAIDI

Dhamira hiyo imeendelea kuimarishwa kupitia Kiwanda cha Kilimanjaro Malting, ambacho kilikamilisha mwaka wake wa kwanza wa uzalishaji mwaka 2025.

Kiwanda hicho kinaongeza matumizi ya shayiri inayolimwa nchini na kinatarajiwa kuongeza ununuzi wa shayiri ya ndani, pamoja na kupanua fursa za kilimo cha mkataba kwa wakulima wa Tanzania.

STANBIC BANK TANZANIA PUSHES AFRICAN-LED FINANCE TO UNLOCK THE REGION’S INFRASTRUCTURE POTENTIAL

Stanbic Bank Tanzania Chief Executive, Manzi Rwegasira (right), speaks during the Africa50 conference at a panel discussion titled “Pace Setters: African-Designed, African-Led.”

DAR ES SALAAM - August 11, 2026: Africa must make greater use of its own capital, strengthen regional partnerships and deepen domestic financial markets if it is to close its infrastructure financing gap and achieve long-term economic growth, Stanbic Bank Tanzania has said.

The message emerged strongly during the two-day Africa50 Annual General Shareholders Meeting and Africa Infrastructure Forum held in Dar es Salaam, bringing together political leaders, financiers, development experts and other stakeholders to discuss how African institutions can take a greater role in financing the continent’s development at a time when global investment is becoming increasingly selective.

Speaking during the plenary session titled “Pace Setters: African-Designed, African-Led,” Stanbic Bank Tanzania Chief Executive, Mr Manzi Rwegasira, said Africa already has strong financial institutions, but the priority now is to scale up their capacity to meet the continent’s growing infrastructure needs.

“All the good answers will be given, but I think it boils down to scale. We need to think about how we can scale up what we already have on this continent,” Mr Rwegasira said.

While acknowledging the important contribution of institutions such as the African Development Bank and Africa50, he said these institutions alone cannot finance Africa’s infrastructure ambitions.

He instead called for greater mobilisation of domestic resources, particularly through stronger local capital markets capable of supporting long-term investments.

“We need to make better use of our national domestic bond markets. They’re still too shallow and too small. We need to make them bigger,” he said.

REGIONAL COOPERATION KEY TO MOBILISING CAPITAL

Mr Rwegasira also identified regional cooperation as a critical pillar for unlocking larger pools of capital, saying African countries must move beyond working in isolation.

“Maybe regional cooperation is where we can start. We need to work together in collaboration to bring the capital that we have to bear,” he said.

He further highlighted innovative financing models, including securitisation and infrastructure asset recycling, as potential mechanisms for governments to unlock additional investment without relying solely on new sources of capital.

“Securitisation allows you to recycle the same capital that we have. If we can recycle infrastructure assets, we can use what has already been built to finance new infrastructure,” he said.

ABSA BANK TANZANIA SHOWCASES INNOVATIVE BANKING SOLUTIONS AT NANE NANE 2026

Absa Bank Tanzania’s Head of Customer Network, Ms. Irene Mwilongo Msungu (second left), explains banking services offered by the bank to a Dodoma resident, Mr. Pius Killo, during his visit to the bank’s pavilion at the 32nd International Nane Nane Farmers’ Exhibition, which concluded over the weekend at the Dr. John Samuel Malecela Grounds in Dodoma Region. On the left is the bank’s Dodoma Regional Branch Manager, Mr. Deogratias Luena, while third left is Absa Bank Tanzania’s Manager for Citizenship and Events, Ms. Abigail Lukuvi.

Absa Bank Tanzania’s Dodoma Regional Branch Manager, Mr. Deogratias Luena (centre), explains banking services offered by the bank to students who visited its pavilion during the 32nd International Nane Nane Farmers’ Exhibition.

Dodoma | August 9, 2026: Absa Bank Tanzania showcased its innovative banking products and services to farmers, entrepreneurs, businesses and other visitors during the 32nd International Nane Nane Farmers’ Exhibition, held at the Dr. John Samuel Malecela Grounds in Dodoma Region.

The exhibition provided Absa Bank Tanzania with an opportunity to engage directly with customers and members of the public, explaining its range of banking solutions and demonstrating how the bank is supporting financial inclusion and economic activities across the country.

During the exhibition, Minister for Agriculture, Hon. Daniel Chongolo (pictured below, centre), visited the Absa pavilion, where he received an overview of the bank’s various banking services.

Absa officials also engaged with residents, students and other visitors, providing information on available products and services. Some customers took the opportunity to open new bank accounts at the pavilion.

MAINSTREAM GROUP YASHINDA TUZO MBILI KATIKA TEHAMA AWARDS 2026

Dar es Salaam, Agosti 10, 2026 — Kampuni ya Mainstream Group Limited imeibuka na ushindi wa tuzo mbili katika Tuzo za Tehama Awards 2026, ikiwa ni pamoja na nafasi ya pili katika kipengele cha Ubunifu wa Teknolojia katika Mifumo ya Malipo.

Katika tuzo nyingine, Mkurugenzi wa Mainstream Group, Deogratius Lazari Mosha, ametambuliwa miongoni mwa viongozi bora wa kampuni zinazofanya vizuri katika sekta ya Teknolojia ya Habari na Mawasiliano (TEHAMA) nchini.

Tuzo hizo zilitolewa usiku wa Agosti 9, 2026, katika hafla iliyofanyika Johari Rotana, Dar es Salaam, iliyowakutanisha wadau mbalimbali wa teknolojia na uchumi wa kidijitali. Mgeni rasmi katika hafla hiyo alikuwa Waziri wa Mawasiliano na Teknolojia ya Habari, Dkt. Angela Kairuki.

MAINSTREAM YANG'ARA KATIKA UBUNIFU WA MIFUMO YA MALIPO

Katika kipengele cha Ubunifu wa Teknolojia katika Mifumo ya Malipo, Mainstream Group ilishika nafasi ya pili baada ya kushindanishwa na taasisi mbalimbali, ikiwemo NMB Bank.

PRESIDENT SAMIA DRIVES AGRICULTURAL MARKET AGENDA AS KILOMBERO’S K4 BOOSTS TANZANIA’S SUGAR PRODUCTION

Dodoma, August 8, 2026 – President of the United Republic of Tanzania, Dr. Samia Suluhu Hassan, has reaffirmed the Government’s commitment to expanding domestic and international markets for agricultural, livestock and fisheries products, emphasising the importance of creating greater opportunities for trade and investment to enable producers to access reliable markets and increase productivity.

President Samia made the remarks on August 8, 2026, during the National Nane Nane Agricultural Exhibition held at the John Malecela Grounds in Nzuguni, Dodoma.

She said the Government would continue creating an enabling environment for both local and international investors while strengthening market access for Tanzanian producers.

Against this backdrop, Kilombero Sugar’s K4 Factory has emerged as a major investment in Tanzania’s sugar industry, significantly increasing domestic production capacity and supporting the country’s ambition to achieve greater sugar self-sufficiency and reduce reliance on imports.

Speaking to the media during the Nane Nane Exhibition, Kilombero Sugar’s Corporate Affairs and Stakeholder Relations Manager, Mr. Victor Byemelwa, said the Company was proud of the K4 investment, describing it as a major milestone in its growth journey.

He said the investment is expected to deliver a significant boost to sugar production while creating greater opportunities across the sugarcane value chain.

According to Mr. Byemelwa, the impact of K4 extends beyond sugar production, with the investment also having the potential to increase electricity generation from sugarcane by-products, contributing to Tanzania’s energy supply and strengthening Kilombero Sugar’s contribution to the national grid.

“The K4 investment represents a major step forward in strengthening Tanzania’s domestic sugar production. Beyond increasing sugar output, it is creating greater opportunities for sugarcane farmers, employment, businesses and communities across the wider value chain,” said Mr. Byemelwa.

POWERCHINA CLAIMS CHINESE BASKETBALL TOURNAMENT TITLE AS STANBIC DEEPENS TANZANIA-CHINA BUSINESS TIES

Head of Client Coverage, Corporate & Investment Banking at Stanbic Bank Tanzania, Elias Ngunangwa (left), presents the trophy to CCECC basketball team captain, Yunleng Au, during the final match of the 13th Basketball Tournament of the Chinese Enterprises Association (Tanzania), sponsored by Stanbic Bank. PowerChina defeated CCECC 63–30 to win the tournament. The competition brought together teams representing various Chinese companies operating in Tanzania.

Dar es Salaam, August 8, 2026: PowerChina emerged champions of the 2026 Chinese Basketball Tournament after defeating CCECC 63-30 in the final played at Don Bosco Grounds, Namanga, Dar es Salaam.

The tournament, which brought together Chinese enterprises operating in Tanzania, was supported by Stanbic Bank Tanzania through a TZS 30 million sponsorship, with the bank also participating as one of the competing teams.

At the closing ceremony, Stanbic Bank presented the runners-up trophy to CCECC, reaffirming its commitment to initiatives that strengthen relationships between the Chinese and Tanzanian business communities.

Speaking at the ceremony, Elias Ngunangwa, Head of Client Coverage, Corporate & Investment Banking at Stanbic Bank Tanzania, said the tournament demonstrated the important role sport can play in strengthening business relationships.

“What we have seen on this court over the past weeks is sports diplomacy at work. Teams that compete against each other here are the same companies building roads, power plants and industries across Tanzania, and the trust they build through sport carries straight into business.”

 

He congratulated PowerChina for its performance in the final and CCECC for finishing as runners-up.

NBC YATHIBITISHA DHAMIRA YA UTEKELEZAJI WA MPANGO WA RAIS SAMIA, YATOA MIKOPO YA MAKAZI KWA WAKULIMA 57

Mkurugenzi wa Huduma za Biashara wa Benki ya NBC, Bw. Jacob Nangi (kushoto) akikabidhi picha inayosadifu muonekano wa nyumba iliyofanyiwa maboresho kwa Bw. Emmanuel Nyambi Masanja (kulia), mkulima na mwanachama wa AMCOS ya Kasandalala, iliyopo Ushetu wilayani Kahama ambae ni miongoni mwa wakulima 57 waliowezeshwa na NBC kupitia mpango wa mikopo ya uboreshaji wa makazi kwa wakulima. Tukio hilo lilifanyika mwishoni mwa wiki kwenye Maadhimisho ya Maonesho ya Kilimo Nanenane 2026 yaliyofanyika katika Viwanja vya Dkt. John Malecela jijini Dodoma mwishoni mwa wiki. Wanaoshuhudia ni pamoja na Mrajis wa Vyama vya Ushirika, Dkt. Benson Ndiege pamoja na maofisa wengine wa benki ya NBC.

Akihitimisha Maadhimisho ya Maonesho ya Kilimo Nanenane 2026 yaliyofanyika katika Viwanja vya Dkt. John Malecela jijini Dodoma mwishoni mwa wiki, Rais wa Jamhuri ya Muungano wa Tanzania, Dkt. Samia Suluhu Hassan (katikati) alikabidhi mfano wa hundi yenye thamani ya Shilingi bilioni 300 kwa wakurugenzi wa taasisi saba za kifedha ikiwemo NBC akilenga kuongeza fursa za kifedha kwa wanawake na vijana waweze kushiriki kikamilifu na kunufaika zaidi na fursa zinazotokana na sekta ya kilimo.

Dodoma | Agosti 9, 2026

BENKI ya Taifa ya Biashara (NBC) imesisitiza dhamira yake ya kushirikiana na Serikali katika kuwawezesha wanawake, vijana na wakulima kunufaika zaidi na fursa zinazotokana na sekta ya kilimo, ikiwa ni pamoja na kuendelea kutoa suluhisho bunifu za kifedha zinazokidhi mahitaji halisi ya wakulima.

Hatua hiyo inafuatia Serikali kukabidhi Shilingi bilioni 300 kwa taasisi saba za kifedha, ikiwemo NBC, kwa ajili ya kuwawezesha wanawake na vijana wanaoshiriki katika mnyororo wa thamani wa kilimo.

Akihitimisha Maadhimisho ya Maonesho ya Kilimo Nanenane 2026 yaliyofanyika katika Viwanja vya Dkt. John Malecela jijini Dodoma mwishoni mwa wiki, Rais wa Jamhuri ya Muungano wa Tanzania, Dkt. Samia Suluhu Hassan, alikabidhi mfano wa hundi ya Shilingi bilioni 300 kwa wakurugenzi wa taasisi hizo saba za kifedha.

Rais Samia alisisitiza umuhimu wa kuongeza fursa za kifedha kwa wanawake na vijana ili waweze kushiriki kikamilifu na kunufaika zaidi na fursa zinazotokana na sekta ya kilimo.

NBC YASEMA IPO TAYARI

Akizungumzia utayari wa NBC kutekeleza mpango huo, Mkurugenzi wa Huduma za Biashara wa NBC, Bw. Jacob Nangi, aliyemwakilisha Mkurugenzi Mkuu wa benki hiyo, Bw. Theobald Sabi, aliishukuru Serikali kwa kuendelea kuiamini NBC katika utekelezaji wa mipango mbalimbali ya uwezeshaji.

Alisema benki hiyo imejipanga kuendelea kubuni bidhaa na suluhisho za kifedha zinazoendana na mahitaji ya vijana, wanawake na wakulima.

“Nisisitize utayari wetu wa kufanikisha mpango huu kulingana na malengo ya Serikali ya kuwasaidia vijana na wanawake nchini kushiriki na kunufaika kikamilifu na fursa mbalimbali zinazotokana na mnyororo mzima wa sekta ya kilimo,” alisema Bw. Nangi.

HALOTEL YASHIRIKI MAONESHO YA NANE NANE 2026 KATIKA MIKOA SABA NCHINI

DAR ES SALAAM: Agosti 8, 2026 - Kampuni ya Halotel imeshiriki kikamilifu katika Maonesho ya Kilimo ya Nane Nane 2026, kwa kuendesha shughuli zake katika mikoa saba ya Tanzania ambayo ni Dodoma, Zanzibar, Arusha, Mwanza, Mbeya, Kagera na Tabora.

Maonesho hayo ya kitaifa yamefanyika kuanzia Agosti 1 hadi 8, 2026, chini ya kaulimbiu “Kutambua Soko, Kuongeza Uzalishaji, Kutekeleza Dira ya Taifa ya Maendeleo 2050.”

Kupitia ushiriki wake katika maonesho hayo, Halotel imeendelea kuonyesha namna teknolojia na huduma za mawasiliano zinavyoweza kusaidia wakulima, wafanyabiashara na wananchi kwa ujumla katika kuongeza tija na fursa za kiuchumi.

Katika mabanda yake katika maeneo hayo saba, Halotel imeonyesha bidhaa na huduma mbalimbali, zikiwemo router za 5G, huduma ya intaneti ya nyumbani kupitia FTTH, huduma za fedha kwa njia ya simu ya HaloPesa, pamoja na vifurushi vya mawasiliano vyenye gharama nafuu.

Wakulima, wafanyabiashara wa mazao na wananchi wanaotembelea maonesho wamepata fursa ya kuona na kujifunza namna huduma hizo zinavyoweza kuwasaidia kuunganisha nyumba, maduka na ofisi zao kwa huduma za mawasiliano zenye kasi, ubora na uhakika.

TEKNOLOJIA KUUNGANISHA WAKULIMA NA MASOKO

Kwa kuzingatia kaulimbiu ya Nane Nane ya mwaka huu, inayolenga kuwawezesha wakulima kutambua masoko na kuongeza uzalishaji, timu za Halotel katika kila eneo la maonesho zimekuwa zikieleza namna teknolojia inavyoweza kuwa sehemu muhimu ya mnyororo wa thamani wa kilimo.

Kupitia huduma zake, wakulima wanaweza kupata taarifa kuhusu bei za mazao, kufanya malipo kupitia HaloPesa, kuwafikia wanunuzi wa bidhaa zao, pamoja na kupata huduma na taarifa mbalimbali za ugani kupitia mtandao.

ABSA BANK FC CROWNED CHAMPIONS OF TANZANIA BANKERS ASSOCIATION FOOTIE TOURNAMENT 2026

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (third left), receives the trophy from Tanzania Bankers Association (TBA) Treasurer, Mr. Rayson Foya (second left), after Absa Bank FC emerged victorious with a 1–0 win over Mwanga Hakika Bank FC in the final of the TBA Footie Tournament 2026, held at the Gymkhana Grounds in Dar es Salaam.

DAR ES SALAAM: August 8, 2026 - Absa Bank FC have been crowned champions of the Tanzania Bankers Association (TBA) Footie Tournament 2026 after edging Mwanga Hakika Bank FC 1–0 in a tightly contested final held on 7th August 2026 at the historic Dar es Salaam Gymkhana Grounds.

The much-anticipated final brought together two strong sides from Tanzania’s banking sector, with both teams showcasing skill, determination and tactical discipline.

From the opening whistle, Absa Bank FC and Mwanga Hakika Bank FC demonstrated why they had reached the tournament’s decisive stage. The match featured sharp passing, disciplined defending and relentless pressing, with neither side willing to give their opponents an easy opportunity.

However, Absa Bank FC eventually found the breakthrough, capitalising on a well-worked attacking move to score the decisive goal.

Despite determined efforts from Mwanga Hakika Bank FC to find an equaliser, Absa Bank FC held firm until the final whistle, securing a hard-fought 1–0 victory and lifting the coveted TBA Footie Tournament 2026 trophy.

MORE THAN JUST FOOTBALL

The annual Tanzania Bankers Association Footie Tournament is more than a sporting competition. It provides an important platform for promoting teamwork, employee wellness, camaraderie and unity across Tanzania’s banking and financial services industry.

TANZANIA HOSTS HISTORIC ICC CRICKET WORLD CUP QUALIFIER AS NATIONAL CRICKET TEAM FACES UGANDA

DAR ES SALAAM; August 7, 2026 – Tanzania today begins a historic chapter in its cricket journey by hosting the final leg of the ICC Men’s Cricket World Cup Challenge League B 2024–26 for the first time, with the national cricket team taking on Uganda in the tournament's opening match.

The competition, running from August 7 to August 18 at the newly inaugurated TCA Arena at the University of Dar es Salaam, marks the first ICC senior men's Cricket World Cup pathway event ever to be hosted in Tanzania.

Bahrain, Hong Kong China, Italy, Singapore, Tanzania and Uganda are competing for the remaining qualification places on the road to next year's ICC Men's Cricket World Cup.

Speaking ahead of today's opening match, Tanzania captain Kassim Nassoro expressed confidence in his team's preparations, saying they are ready for the challenge.

"We have prepared thoroughly and there is no room for excuses. Our objective is clear, and that's to proudly represent our country," Nassoro said.

 

Hosting the tournament is widely regarded as a major milestone for Tanzanian cricket.

ABSA BANK TANZANIA LAUNCHES “ABSA LIPA SASA” TO BOOST DIGITAL PAYMENTS AND FINANCIAL INCLUSION

Absa Bank Tanzania's Head of Commercial, Victor Nchimbi (centre), Marketing and Communications Manager, Beda Biswalo (left), and Product and Channels Manager, Devroda Kagusa, demonstrate a mobile payment using the Absa Lipa Sasa payment solution during its launch in Dar es Salaam. Through Absa Lipa Sasa, customers can make payments from any bank account or mobile money wallet using a single QR code, making digital payments simpler, faster and more convenient.

DAR ES SALAAM, Tanzania – August 6, 2026 – Absa Bank Tanzania has unveiled Absa Lipa Sasa, a new TanQR-powered digital payment solution that enables businesses to accept payments from customers across multiple banks and mobile money platforms using a single QR code.

The launch marks another milestone in Tanzania's journey towards a cash-lite economy, supporting the Government's financial inclusion agenda while providing merchants with a faster, safer and more cost-effective way to receive digital payments.

Built on Tanzania's national QR code standard under the guidance of the Bank of Tanzania, Absa Lipa Sasa simplifies payment acceptance by eliminating the need for multiple payment devices or separate QR codes. Through a single interoperable QR code, merchants can receive payments from customers regardless of the bank or mobile wallet they use.

Speaking during the launch, Victor Nchimbi, Head of Commercial at Absa Bank Tanzania, said the solution has been developed to make digital payments more accessible and convenient for businesses of all sizes.

"Absa Lipa Sasa is designed to make payments easier, faster and more convenient for businesses and their customers. With a single QR code, merchants can accept payments from customers across multiple banks and mobile wallets, eliminating the need for multiple devices or payment solutions. 

AIRTEL MONEY, BUNI AND DTBI EMPOWER TANZANIAN YOUTH WITH IoT AND DIGITAL INNOVATION SKILLS

Pictured is Airtel Money's Manager for Financial Services, Foreign Transactions and Digital Platforms, Ms. Rita Nyamwehura, delivering a training session aimed at equipping young people with digital skills and fostering innovation through Internet of Things (IoT) technology.

DAR ES SALAAM - August 7, 2026: Airtel Money, in collaboration with Buni, Dar Teknohama Business Incubator (DTBI), the Vocalize IoT Project and Techstar Innovation Hub, has launched an Internet of Things (IoT) and Digital Literacy training programme aimed at equipping young Tanzanians with practical technology and innovation skills to drive entrepreneurship, solve community challenges and create employment opportunities in the digital economy.

The initiative brought together university and VETA students from across Tanzania, providing them with hands-on exposure to IoT technologies while demonstrating how digital financial services can be integrated into technology-driven solutions that contribute to socio-economic development.

The programme reflects a growing commitment by both the private sector and innovation ecosystem to nurture the next generation of digital entrepreneurs capable of developing locally relevant technological solutions.

Driving Tanzania's Digital Economy

Speaking during the training, Airtel Money's Manager for Financial Services, Foreign Transactions and Digital Platforms, Rita Nyamwehura, reaffirmed the company's commitment to expanding financial inclusion through secure and accessible digital financial services.

She said Airtel Money continues to support the Government's agenda of increasing electronic payment adoption while reducing dependence on cash transactions.

Nyamwehura encouraged young innovators to leverage Airtel Money's digital ecosystem, including airtime and data purchases, utility bill payments, merchant transactions through Lipa Namba, and other digital financial services available nationwide.

SERENGETI BREWERIES YAPEPERUSHA BENDERA YA TANZANIA DUNIANI KUPITIA TUZO ZA UBORA ZA MONDE SELECTION

DAR ES SALAAM - Agosti 7, 2026: Wakati dunia ikiadhimisha Siku ya Kimataifa ya Bia, Kampuni ya Serengeti Breweries Limited (SBL) imeipa Tanzania sababu nyingine ya kujivunia baada ya bidhaa zake nne kutambuliwa kimataifa kwa ubora wa hali ya juu kupitia Tuzo za Gold Quality Awards 2026 zinazotolewa na taasisi maarufu duniani ya Monde Selection.

Katika mafanikio hayo, bia za Serengeti Lite, Serengeti Lager na Serengeti Lemon, pamoja na kinywaji kikali cha TZEE, zimetunukiwa tuzo hizo baada ya kuthibitishwa kukidhi viwango vya kimataifa vya ubora.

Tuzo za Gold Quality Awards hutolewa kwa bidhaa zinazofaulu mchakato wa kina wa tathmini unaofanywa na jopo huru la wataalamu wa kimataifa. Bidhaa hupimwa kwa kuzingatia vigezo mbalimbali, ikiwemo ubora wa jumla, ladha, mwonekano, ubunifu, taarifa kwa watumiaji na uzoefu wa matumizi, kabla ya kutambuliwa kuwa zimefikia viwango vinavyokubalika duniani.

Monde Selection ni taasisi huru ya kimataifa iliyoanzishwa mwaka 1961 mjini Brussels, Ubelgiji, na kwa zaidi ya miaka 65 imekuwa ikitathmini maelfu ya bidhaa kutoka sekta mbalimbali kama vile vyakula, bia, vinywaji vikali, bidhaa za afya na lishe pamoja na vipodozi. Kila mwaka, wataalamu zaidi ya 80 kutoka mataifa mbalimbali hushiriki katika mchakato huo wa tathmini, huku bidhaa kutoka takribani nchi 150 zikiwasilishwa kwa ajili ya kupimwa.

Mafanikio ya SBL yanaonesha matokeo ya uwekezaji wa muda mrefu katika teknolojia za kisasa za uzalishaji, mifumo madhubuti ya uhakiki wa ubora na ubunifu unaolenga kukidhi mahitaji ya watumiaji wa ndani na wa kimataifa.

Akizungumza kuhusu tuzo hizo, Mkurugenzi wa Ugavi wa Serengeti Breweries Limited, Joseph Cheloti, alisema kutambuliwa na Monde Selection ni ushahidi kuwa bidhaa za kampuni hiyo zinafikia viwango vya ubora vinavyotambulika duniani.

"Kupokea Tuzo za Gold Quality Awards kutoka Monde Selection ni heshima kubwa na uthibitisho kuwa bidhaa zetu zinakidhi viwango vya ubora vinavyotambulika kimataifa. Tunajivunia mafanikio haya ambayo yanadhihirisha kujitolea kwa wafanyakazi wetu, ubora wa malighafi tunazotumia pamoja na uimara wa mifumo yetu ya uzalishaji. Zaidi ya yote, tunawashukuru wateja wetu kwa kuendelea kutuamini na kutuunga mkono," alisema Cheloti.

BANK OF TANZANIA OPENS GOVERNMENT SECURITIES MARKET TO ALL FOREIGN INVESTORS

DAR ES SALAAM - August 6, 2026: The Bank of Tanzania (BoT) has announced a major policy reform that opens Tanzania's Government securities market to all non-resident investors, marking a significant step towards attracting more international capital and deepening the country's financial markets.

According to a public notice issued by the central bank on 6 August 2026, the changes are contained in the Foreign Exchange (Amendment) Regulations, 2026, issued under the Foreign Exchange Act, Cap. 271 through Government Notice (G.N.) No. 206 of 2026, which was published in the Government Gazette on 17 July 2026.

The amended regulations now permit all non-resident investors to invest in Treasury bills and Treasury bonds issued by the Government of the United Republic of Tanzania.

Previously, participation in the Government securities market was restricted to residents of the East African Community (EAC), the Southern African Development Community (SADC), and members of the Tanzanian diaspora.

BoT said the reform is designed to broaden access to Tanzania's Government securities market while supporting ongoing efforts to deepen the domestic financial sector and position Tanzania as an increasingly attractive destination for international investment.

TWENDE BUTIAMA YABADILISHWA JINA KUWA "NYERERE CYCLING TOUR", VODACOM YAZINDUA VODACOM COASTAL CLASSIC

Mkurugenzi wa Vodacom Business, Nguvu Kamando (katikati), akizungumza na waandishi wa habari kuhusu msimu mpya wa msafara wa Nyerere Cycling Tour (zamani Twende Butiama), utakaozinduliwa mwezi Oktoba sambamba na mashindano ya mbio za Vodacom Coastal Classic.

Wadau na washiriki wa Nyerere Cycling Tour (zamani Twende Butiama) wakipiga makofi kuashiria kufurahia uzinduzi wa mashindano ya mbio za Vodacom Coastal Classic.

DAR ES SALAAM - Agosti 6, 2026: Vodacom Tanzania Plc kwa kushirikiana na Chama cha Baiskeli Tanzania (CHABATA) wametangaza rasmi kubadilishwa kwa jina la msafara wa baiskeli wa Twende Butiama na kuwa Nyerere Cycling Tour, hatua inayolenga kuenzi urithi wa Hayati Mwalimu Julius Kambarage Nyerere huku ikiupa mchezo wa baiskeli nchini mwelekeo mpya wa kimataifa.

Sambamba na mabadiliko hayo, Vodacom pia imezindua mashindano mapya ya Vodacom Coastal Classic, mbio za kilomita 109 zinazotarajiwa kuwa moja ya mashindano makubwa ya baiskeli nchini na kuvutia washiriki kutoka Tanzania, Afrika Mashariki na mataifa mbalimbali duniani.

Tangazo hilo limetolewa leo, Agosti 6, 2026, jijini Dar es Salaam.

Miaka 10 ya Kuendeleza Elimu Kupitia Baiskeli

Tangu kuanzishwa kwake mwaka 2016, msafara huo umekuwa ukitumia mchezo wa baiskeli kama chombo cha kuhamasisha maendeleo ya elimu kwa kuenzi maono ya Mwalimu Nyerere ya kutoa fursa sawa kwa kila mtoto.

Kupitia kampeni hiyo, zaidi ya shule 107 zimefikiwa huku zaidi ya wanafunzi 75,000 wakinufaika na ujenzi wa madarasa jumuishi, miundombinu ya vyoo pamoja na upatikanaji wa vifaa kwa wanafunzi wenye mahitaji maalum.

Vodacom Tanzania Foundation ilianza kushirikiana na CHABATA kufadhili msafara huo miaka minne iliyopita, ambapo katika kipindi hicho ushiriki umeongezeka mara nne na kuvutia waendesha baiskeli kutoka ndani na nje ya Tanzania.

Nyerere Cycling Tour Kuanza Oktoba

Msafara wa mwaka huu utafanyika kuanzia Oktoba 5 hadi 14, 2026, ukianzia Bagamoyo kuelekea Butiama.

BENKI YA NMB YAGEUZA NANENANE KUWA DARASA LA FURSA, MAARIFA NA UWEZESHAJI

DODOMA - Agosti 6, 2026: Benki ya NMB imeendelea kuifanya Nanenane 2026 kuwa zaidi ya maonesho ya kilimo kwa kuendesha kampeni ya utoaji wa elimu ya kifedha, ujasiriamali na usimamizi wa biashara kwa wananchi waliotembelea mabanda yake katika kanda mbalimbali nchini.

Katika Banda la Vijana lililopo Viwanja vya DK John Mwakangale jijini Dodoma, vijana wanaoshiriki mradi wa Building a Better Tomorrow (BBT) walipata mafunzo yaliyolenga kuwajengea uwezo wa kubadili mawazo yao kuwa biashara endelevu, kusimamia fedha kwa ufanisi na kutumia huduma za kifedha kukuza shughuli za kilimo, ufugaji na uvuvi.

Akizungumza wakati wa mafunzo hayo, Mkuu wa Idara ya Kilimo kwa Wateja Wakubwa wa Benki ya NMB, Christopher Mwalungenge, aliwahimiza vijana kulitazama kilimo kama biashara yenye fursa kubwa za kujenga kipato, kuzalisha ajira na kuleta ustawi wa muda mrefu.

Mbali na vijana, maafisa wa NMB waliendelea kutoa elimu kwa vikundi vya wakulima, wafugaji na wajasiriamali waliotembelea mabanda ya benki hiyo. Washiriki walipata uelewa kuhusu huduma mbalimbali za kifedha, mikopo ya sekta ya kilimo, bima pamoja na suluhisho za kifedha zinazowawezesha kuongeza tija, kuimarisha uzalishaji na kupanua biashara zao.

Ushiriki wa NMB katika maonesho ya Nanenane unaakisi dhamira ya benki hiyo ya kuunganisha huduma za kifedha na elimu ya biashara ili kuwawezesha Watanzania kutumia kikamilifu fursa zilizopo katika sekta za kilimo, ufugaji na uvuvi.

STANBIC BANK TANZANIA: PENSION FUNDS KEY TO UNLOCKING AFRICA'S INFRASTRUCTURE FINANCE

DAR ES SALAAM, Tanzania — Greater collaboration between commercial banks and pension funds could unlock the long-term capital required to accelerate infrastructure development across Africa, Stanbic Bank Tanzania Chief Executive Officer Manzi Rwegasira has said.

Speaking at a high-level forum held in Dar es Salaam on Wednesday, August 5, 2026, Rwegasira noted that while commercial banks play a critical role in financing the early stages of infrastructure projects, their funding is primarily sourced from short-term customer deposits, making it less suitable for long-term investments such as roads, bridges, ports and energy projects.

The forum brought together senior government officials, financial sector leaders and business executives to explore innovative financing solutions under the theme, "Reinvesting for Expansion: Recycling as a Catalyst for Growth."

Rwegasira said pension funds are uniquely positioned to provide the patient capital required for large-scale infrastructure projects due to their long-term investment horizon.

"Banks can finance the initial stages of projects before bringing in pension funds, which have the capacity to invest over the long term because of the nature of their capital," he said.

 

According to Rwegasira, stronger collaboration between banks and institutional investors such as pension funds would create a more sustainable financing ecosystem capable of delivering the infrastructure needed to support Africa's economic transformation.

Asset Recycling Can Reduce Dependence on Borrowing

Rwegasira also called on African countries to reduce their reliance on new borrowing to finance infrastructure and instead maximise the value of existing public assets through innovative financing models.

He highlighted asset recycling as a practical approach that allows governments to leverage revenue-generating infrastructure—including ports, roads and bridges—to attract private sector investment and unlock capital for new development projects.

"Rather than relying on new loans every time, Africa should use its existing assets to generate additional financing for future infrastructure investment," he said.

The asset recycling model enables governments to reinvest proceeds from mature infrastructure assets into new projects, helping bridge Africa's significant infrastructure financing gap while promoting greater private sector participation and reducing pressure on public debt.