Foreign Exchange Rates

Absa Loan Campaign_160426

Absa Loan Campaign_160426

CRDB Bank Advert_070325

Tuesday, 9 June 2026

JE NI TATIZO LA BURUDANI AU LA UBUNIFU? KWANINI CHAPA NYINGI ZA TANZANIA ZINASHINDWA KUACHA HISTORIA YA KUDUMU KWA WATUMIAJI WAKE?

Kwa miaka mingi, chapa nyingi nchini Tanzania zipo kila mahali lakini ni ngumu mtu kuzikumbuka. Nembo kubwa jukwaani, DJ’s maarufu, vinywaji kwa bei nafuu, na watengeneza maudhui wa mitandoni wakituma video zisizofikisha ujumbe kamili kwenye mitandao ya kijamii (Instagram). Baada ya hapo, kila mtu anarudi nyumbani kwake, hadi kufikia jumatatu tukio lote limesahaulika.

Huo umekuwa ni ukweli mchungu kwa chapa nyingi zaidi barani Afrika. Kampuni inatumia fedha nyingi zaidi kujitangaza, lakini hushidwa kuacha historia isiyofutika kwa wateja na walaji wake. Kibaya zaidi, walaji nao wamegundua hilo.

Siku hizi, watumiaji wana ladha tofouti. Hawavutiwi tena na uwepo wa chapa ya kampuni peke yake, bali ubunifu uliopo nyuma ya uwepo wa chapa hiyo.

Ndiyo maana, tukio walilolifanya Heineken hivi karibuni la Kuonesha fainali za ligi ya Mabingwa barani Ulaya limeacha historia ya kipekee. Tukio hilo liliibua gumzo kitaifa, sio kwa sababu ya mpira wa miguu tu, bali ni kwa sababu ilionesha kiwango kikubwa cha fursa ambazo bado watu wengi hawajazijua katika kubadilisha namna tunavyotengeneza burudani kwa watumiaji wetu nchini Tanzania.

VODACOM NA TCDC WAUNGANA KUHARAKISHA MAGEUZI YA KIDIJITALI KATIKA VYAMA VYA USHIRIKA

Mkurugenzi wa Biashara wa Vodacom Tanzania Bw. Nguvu Kamando (wa pili kulia), Mrajisi wa Vyama Vya Ushirika Dk. Benson Ndiege (wa pili kushoto), Mkuu wa Kitengo cha Mifumo ya Kidijitali wa Vodacom Tanzania Bi. Yvone Bayona (kulia), Naibu Mrajisi wa Vyama Vya Ushirika Bw. Collins Nyakunga (kushoto) wakiwa kwenye picha ya pamoja na wafanyakazi wengine baada ya kusaini makubaliano ya matumizi ya kidijitali katika vyama vya Ushirikia kupitia jukwaa la M-Kulima la Vodacom Tanzania PLC.
Mkurugenzi wa Biashara wa Vodacom Tanzania Bw. Nguvu Kamando (wa pili kulia), akikabidhi moja ya kompyuta mpakato kati ya 35 zilizokabidhiwa kwa Mrajisi wa Vyama Vya ushirika Dk. Benson Ndiege (wa pili kushoto) wakati wa utiaji saini makubalino kati yao. Hafla hiyo imefanyika mwishoni mwa wiki jijini Dar es Salaam baada ya taasisi hizo mbili kuingia makubaliano ya matumizi ya kidijitali kwa vyama vya ushirika kupitia jukwaa la M-kulima, makao makuu ya Vodacom Tanzania jijini Dar es salaam. Tukio hilo lilishuhudiwa na Mkuu wa Idara ya Mifumo ya Kidijitali wa Vodacom Tanzania Bi. Yvone Bayona (kulia) na Naibu Mrajisi wa Vyama Vya Ushirika Bw. Collins Nyakunga.
Mkurugenzi wa Biashara wa Vodacom Tanzania Bw. Nguvu Kamando (wa pili kulia) pamoja na Mrajisi wa Vyama Vya ushirika nchini Dk. Benson Ndiege (wa pili kushoto) wakisaini makubaliano ya matumizi ya kidijitali kwa vyama vya ushirikia kupitia jukwaa la M-Kulima la kampuni ya Vodacom Tanzania PLC. Tukio hilo lilishuhudiwa na Mkuu wa Idara ya Mifumo ya Kidijitali wa Vodacom Tanzania Bi. Yvone Bayona (kulia) na Naibu Mrajisi wa Vyama Vya Ushirika Bw. Collins Nyakunga.

NMB BANK COMPLETES HISTORIC TRANSFORMATION, EYES BIGGER ROLE IN TANZANIA’S FUTURE

NMB Managing Director and Chief Executive Officer, Ruth Zaipuna greets the Minister of State in the President’s Office, Planning and Investment, Prof. Kitila Mkumbo, during the Investors Breakfast Briefing held in Dar es Salaam ahead of the bank’s 26th Annual General Meeting. Looking on is Chief Finance Officer, Juma Kimori (2nd right).
NMB Managing Director and Chief Executive Officer, Ruth Zaipuna speaks during the Investors Breakfast Briefing in Dar es Salaam, where the bank presented the outcome of its 2021–2025 Medium-Term Plan and outlined its next growth phase aligned with Tanzania’s long-term development agenda. From left are Chief Finance Officer Juma Kimori, NMB Board Chair David Nchimbi (second right), and Director of Investor Relations, Sustainability and Corporate Communications Innocent Yonazi (right).

Dar es Salaam | June 9, 2026 - NMB Bank has declared itself ready for a new phase of growth after successfully completing what its leadership described as the most transformative chapter in the institution’s history.

Addressing investors ahead of the Annual General Meeting (AGM) to be held on 10 June 2026, management said the five-year journey delivered record profitability, unprecedented shareholder returns and a significantly expanded role in Tanzania's economic development.

The lender used its annual Investors Breakfast Briefing not only to present its strongest-ever financial performance, but also to mark the successful conclusion of its 2021–2025 Medium-Term Plan (MTP), a strategy that fundamentally reshaped the scale, reach and influence of Tanzania's largest bank.

Presentations by Managing Director and Chief Executive Officer Ruth Zaipuna, Chief Financial Officer Juma Kimori and Director of Investor Relations, Sustainability and Communications Innocent Yonazi painted a picture of an institution that has evolved from a leading commercial bank into one of Tanzania's most important economic enablers.

In 2025, NMB became the first company in Tanzania to surpass the TZS 1 trillion profit-before-tax mark, capping a five-year period of sustained growth in earnings, assets, deposits, lending and customer acquisition.

The strategy was designed to strengthen customer centricity, accelerate digital transformation, improve operational efficiency and deepen the bank's contribution to national development. Over the period, NMB expanded financial inclusion, strengthened support for general enterprises (MSMEs), increased financing to productive sectors and significantly enhanced its digital capabilities.

"This has been a defining chapter in our history," Ms Zaipuna told investors. "The transformation we have achieved over the past five years has created a stronger institution, a more resilient business model and a solid foundation for the future."

EQUITY BANK LAUNCHES ZANZIBAR SUPREME, A DEDICATED CENTRE FOR HIGH-VALUE CUSTOMERS & INVESTMENT GROWTH

The Deputy Minister of Finance and Planning of Zanzibar, Hon. Dr. Hamad Omar Bakari (centre), together with the Managing Director of Equity Bank Tanzania, Isabela Maganga (third left), and the Urban West Regional Administrative Secretary, Ali Maulid Juma, cut a ribbon to officially launch Equity Bank Tanzania’s new Zanzibar Supreme Centre, located in Kijangwani, Zanzibar, on June 6, 2026. Others pictured from left are Equity Bank Commercial Director, Prosper Nambaya; Urban District Commissioner, Dr. Said Haji Mrisho; Equity Bank customer, Dr. Issa Seif; and Zanzibar Supreme Centre Manager, Anas Ramadhan.

Zanzibar, 6 June 2026

Equity Bank Tanzania has officially launched Zanzibar Supreme, a dedicated Equity Bank service centre designed to provide an elevated financial experience, business advisory support and relationship-led customer service. The centre is located at Kijangwani, Mjini Magharibi, Zanzibar. This marks an important step in the Bank's strategy to strengthen financial services, expand financial inclusion and support inclusive economic growth in Zanzibar. The launch of Zanzibar Supreme brings Equity Bank Tanzania's presence to two branches in Zanzibar, demonstrating the Bank's confidence in Zanzibar's economic growth potential and its continued commitment to serving residents, businesses, institutions and investors more closely. The official launch was officiated by Hon. Dr. Hamad Omar Bakar, Deputy Minister of Finance and Planning, who was the Guest of Honour.

Zanzibar Supreme has been established to serve high-value customers, medium and large entrepreneurs, corporates, the hotel sector, investors and other key stakeholders through high-level banking services that are tailored to customer needs and anchored on a close relationship between the Bank and its customers. 

Speaking during the launch event, Equity Bank Tanzania Managing Director, Ms. Isabela Maganga, said the opening of the centre forms part of the Bank's broader strategy to invest in banking services that respond to key economic sectors and increase access to formal financial services.

The launch of Zanzibar Supreme is an important milestone in our journey to continue bringing financial services closer to our customers. Through this centre, we aim to provide banking services that meet the needs of individuals, medium and large businesses, corporates, investors and the hotel sector, which is one of the key pillars of Zanzibar’s economy,” said Ms. Maganga.

SICPA SHOWCASES FUEL INTEGRITY LEADERSHIP AT THE VIWANGO BUSINESS FORUM AS TBS MARKS 50 YEARS


As a strategic technology partner to the Tanzania Bureau of Standards, SICPA demonstrated how its national Fuel Integrity Solution is protecting consumers, securing government revenues, and advancing quality assurance in Tanzania's petroleum sector.

Dar es Salaam, Tanzania | 6 June 2026 - SICPA Tanzania participated as a strategic partner at the Viwango Business Forum, held on 5 June 2026 at the Mlimani City Conference Centre in Dar es Salaam, as part of the official celebrations marking the 50th Anniversary of the Tanzania Bureau of Standards (TBS). The forum brought together government institutions, regulators, industry leaders, and market stakeholders for a national dialogue on standards, quality assurance, and industrial development.

As TBS marks five decades of advancing quality standards across Tanzania's economy, the Viwango Business Forum served as a forward-looking platform for shaping the standards ecosystem that will underpin the country's next phase of growth. SICPA's participation at the forum reflected the company's conviction that fuel integrity is a core pillar of fair trade, effective governance, and sustainable national development.

At its exhibition booth, SICPA showcased the national Fuel Integrity Solution, implemented in collaboration with TBS to detect and deter fuel adulteration, smuggling, and illicit trade across Tanzania's petroleum supply chain. The solution combines advanced forensic markers with real-time verification tools, enabling regulators and enforcement agencies quantitatively detect fuel adulteration and to verify fuel compliance with a high degree of precision. The programme has delivered measurable improvements in fuel quality compliance, strengthened the enforcement capacity of regulatory institutions, and supported the government's effort of safeguard domestic revenues while promoting a transparent and accountable business environment.

AFRICARRIERS GROUP LAUNCHES JETOUR AUTOMOBILE BRAND IN TANZANIA

Dar es Salaam, June 8, 2026: Africarriers Group, a pioneer in Tanzania’s automotive sector, hosted the official launch of Jetour, a globally emerging automobile brand, on June 8, 2026, at the Superdome Masaki in Dar es Salaam.

Founded in 1973 by Fida Hussein Rashid, Africarriers has grown from a second-hand vehicle trader to one of Tanzania’s most established automotive distributors.

Today, it represents leading international brands such as Eicher and Golden Dragon, and now expands its portfolio with Jetour, a brand renowned for modern design, advanced technology, and affordability.

The launch of Jetour is not just about introducing new vehicles—it’s about giving Tanzanians greater access to reliable, stylish, and competitively priced cars that meet today’s needs,” said Fida Hussein Rashid, Founder/ MD at Africarriers Group.

Jetour, a brand under China’s Chery Holding Group, has made rapid inroads in global markets, focusing on SUVs and family-oriented vehicles. Its entry into Tanzania reflects both rising consumer demand and the country’s growing role as a hub for modern mobility solutions in East Africa.

The launch event featured:

  • Unveiling of Jetour’s flagship models: Dashing, T2, X70 Plus
  • Test drives and live demonstrations
  • Special offers for early buyers
  • Networking sessions with industry stakeholders and potential customers

“Tanzania is an important market for us, and we believe Jetour vehicles will resonate strongly with customers here,” said Andy YuanJetour Globel VP.

MIXX SUPER APP SURPASSES ONE MILLION USERS AS DIGITAL PAYMENTS GAIN MOMENTUM IN TANZANIA

Mixx Commercial Director, James Sumari (centre), celebrates with "Kila Muamala ni Bao la Ushindi" campaign winners, Sabdiki Vike (right) and Benson Mbile (left) after they each won TZS 1 million in the campaign’s second draw. The initiative aims to promote the adoption of digital financial services while rewarding customers who transact through the Mixx Super App.

The Mixx Super App has surpassed one million users, marking a significant milestone in the growth of digital financial services in Tanzania and highlighting the increasing adoption of cashless payment solutions across the country.

The achievement was announced during the second draw of the “Kila Muamala ni Bao la Ushindi” campaign, a nationwide customer rewards initiative being conducted by Mixx in partnership with leading electronics manufacturer Hisense. The campaign, inspired by the excitement surrounding the FIFA World Cup, rewards customers for using Mixx services with daily cash prizes, electronic appliances and an opportunity to win a fully sponsored trip to Mexico to watch the FIFA World Cup.

Speaking during the draw, Mixx Commercial Director, James Sumari said the milestone reflects growing public trust in digital financial services and demonstrates the important role technology continues to play in expanding financial inclusion and access to convenient financial solutions.

Reaching more than one million users on the Mixx Super App is a significant achievement for us and a clear indication that more Tanzanians are embracing digital financial services. It reinforces our commitment to making financial transactions simpler, safer and more accessible for everyone,” said Sumari. 

STANDARD CHARTERED LED TREE PLANTING INITIATIVE IN BAGAMOYO

As part of its continued commitment to sustainability and environmental conservation, Standard Chartered Tanzania led a tree planting initiative on Saturday, 6 June 2026 at Nianjema Seconday School in Bagamoyo District. This activity reflects the Bank’s ongoing efforts to support climate action, promote environmental awareness, and contribute to the preservation of Tanzania’s natural ecosystems.

This year’s initiative is particularly significant as it marks 20 years of Employee Volunteering at Standard Chartered Bank, highlighting two decades of collective action, community impact, and employee-driven contribution to social and environmental causes.

The event will bring together employees, local leaders, students, and community members in a collaborative effort to enhance green cover and reinforce the importance of environmental stewardship. Through this engagement, the Bank aims not only to restore the environment but also to inspire a culture of sustainability among younger generations.

The initiative will be officiated by local government representatives, underscoring the importance of partnerships between the public and private sectors in addressing climate change and advancing national environmental priorities.

Speaking ahead of the event, Busara Raymond, Head, Transaction Banking Tanzania, noted: The environment is fundamental to our survival —it is the source of the oxygen we breathe, the raw materials we depend on, and the ecosystems that sustain life. This is why conservation is so critical, and why Standard Chartered continues to prioritise initiatives that protect and preserve our environment.”

He further added: “This is our fifth consecutive year planting trees in Bagamoyo, demonstrating our long term commitment to this community. Last year, we planted 2,000 seedlings at Fukayosi Primary School and we are proud to continue building on that impact. Beyond tree planting, we also remain actively engaged in other forms of community volunteering, including a recent mentorship session at Pugu Boys Secondary School.”

Friday, 5 June 2026

ACCESS BANK GROUP YASAINI MKATABA WA DOLA MILIONI 500 NA IFC KUPANUA UPATINAKANAJI WA PATO LA NDANI AFRIKA

Mwenyekiti wa Access Holdings, Aigboje Aig-Imoukhuede (kulia), pamoja na Mkurugenzi Mtendaji wa Shirika la Fedha la Kimataifa (IFC), Makhtar Diop, wakitia saini makubaliano ambapo IFC—ambalo ni tawi la sekta binafsi la Kundi la Benki ya Dunia—italipatia Kundi la Access Bank kiasi cha dola milioni 500. Mtaji huo unalenga kuimarisha masoko ya mitaji ya sarafu za ndani na kupanua upatikanaji wa mikopo ya bei nafuu kwa biashara kote barani Afrika, hatua inayoleta manufaa ya moja kwa moja kwenye masoko ambayo benki hiyo inafanya kazi, ikiwemo Tanzania.

Dar es Salaam, Tanzania | 3 Juni 2026

Ushirikiano huu muhimu unaoungwa mkono na Benki ya Dunia unawanufaisha moja kwa moja wateja wa Access Bank Tanzania pamoja na jumuiya ya wafanyabiashara nchini Tanzania.

Dar es Salaam Jumanne 2 Juni 2026 Access Bank Group, ambayo ni mmiliki wa benki ya Access Bank Tanzania, imesaini makubaliano ya dola milioni 500 na Shirika la Fedha la Kimataifa (IFC), ambayo ni tawi ya sekta binafsi yaKundi la Benki ya Dunia. Ushirikiano huo unalenga kuimarisha masoko ya mitaji ya sarafu za ndani na kupanua upatikanaji wa bei nafuu kwa biashara kote barani Afrika, na inaleta manufaa ya moja kwa moja kwa masoko ambayo Access Bank inafanya kazi, ikiwa ni pamoja na Tanzania.

Kwa biashara nchini Tanzania, makubaliano haya yanalenga kutatua changamoto za ubadilishaji wa fedha za kigeni. Kampuni zinapolazimika kukopa kwa sarafu za kigeni, mabadiliko ya viwango vya kubadilishia fedha yanaweza kupunguza faida, kuvuruga mipango ya kifedha, na hatimaye kukandamiza uwekezaji. Kupitia suluhisho hili la upatikanaji wa mikopo ya sarafu ya ndani—kiwango ambacho kinawezekana kwa upekee wa ushirikiano kati ya Access Bank na IFC—wateja wa Access Bank Tanzania, kuanzia wajasiriamali wadogo (SMEs) hadi makampuni makubwa, sasa wataweza kupata mikopo yenye gharama nafuu na inayotabirika ili kusaidia ukuaji wao wa muda mrefu.

Makubaliano haya na IFC ni hatua muhimu kwetu, lakini manufaa yake makubwa yataonekana hapa nchini Tanzania,” alisema Imani John, Mkurugenzi Mtendaji wa Access Bank Tanzania. 

Wateja wetu, iwe wanaendesha biashara ndogo au wanasimamia shughuli za makampuni makubwa, wanahitaji huduma za kifedha ambazo hazitawaweka katika changamoto ya mabadiliko ya thamani ya sarafu. Ushirikiano huu unaimarisha uwezo wetu wa kutoa huduma hizo, huku tukiungwa mkono na uaminifu pamoja na ushawishi wa Kundi la Benki ya Dunia.”

STANBIC BANK TANZANIA SECURES TZS 70 BILLION FACILITY TO EXPAND SUSTAINABLE SME LENDING

Stanbic Bank Tanzania Chief Financial Officer, Derick Lugemala (third right), and Finance in Motion Senior Investment Manager, Dragan Spirovski (second left), exchange documents after signing a TZS 70 billion loan agreement in Dar es Salaam. The facility will strengthen Stanbic Bank’s capacity to support small and medium-sized enterprises (SMEs). Looking on are Finance in Motion Senior Investment Officer, Masoud Abdalla (left), Stanbic Bank Senior Communications Manager, Dickson Senzi (right), and Stanbic Bank Treasurer, Zainul Chandoo (second right).

  • The facility will support sustainable agriculture supply chains through practical local currency financing.
  • The partnership strengthens sustainable business growth and deepens Stanbic’s support for Tanzania’s economy.
Dar es Salaam, Tanzania – Wednesday, 3rd June 2026:
Stanbic Bank Tanzania has secured TZS 70 billion to sustainable SME financing, structured in two phases. The first tranche of TZS 50 billion was secured and drawn in 2025, and the latest TZS 20 billion facility drawn in 2026 - deepening access to local currency financing and reinforcing the Bank’s long-term commitment to driving inclusive, sustainable economic growth in Tanzania.

The facility has been channelled towards lending that supports sustainable agriculture and agriculture supply chains, including small and medium enterprises and other businesses that are improving productivity and contributing to long term economic growth.

The facility concluded between the parties, reflects the continued strength of the partnership and the growing need for financing that responds to the realities of Tanzanian businesses.

The signing ceremony, held in Dar es Salaam, brought together representatives from Stanbic Bank Tanzania, Finance in Motion and the eco.business Fund to mark a continued commitment to expanding access to responsible finance. The partnership aims to support SMEs that are investing in sustainable practices across key areas such as agriculture, processing, trade, services and other sectors where small and medium enterprises play a critical role in employment, supply chains and community development.

Speaking during the signing, Derick Lugemala, Chief Financial and Value Officer at Stanbic Bank Tanzania said the facility reflects the Bank’s commitment to supporting businesses with funding that enables growth while encouraging responsible business practices.

SMEs remain central to Tanzania’s economic future. They create jobs, support households, strengthen supply chains and keep local enterprise moving. Through this facility, we are expanding access to practical financing that helps businesses invest, grow and become more resilient,” said Lugemala.

This partnership with Finance in Motion and the eco.business Fund allows us to support enterprises that are not only looking for capital but also working towards more sustainable ways of doing business. For Stanbic, this is about helping Tanzanian businesses grow with confidence while contributing to a stronger and more responsible economy.”

Thursday, 4 June 2026

BENKI YA NBC YAZINDUA KAMPENI YA “TUNAKUONA MBALI” KUKUZA USTAWI WA KIFEDHA NA KUCHOCHEA UCHUMI JUMUISHI

Maofisa mbalimbali wa Benki ya NBC wakiongozwa na Mkuu wa Bidhaa na Mauzo, Bw. Abel Kaseko (kushoto) wakipeperusha bendera kuashiria uzinduzi wa kampeni maalum inayofahamika kama “Tunakuona Mbali”, ikiwa ni sehemu ya jitihada za benki hiyo kuwawezesha Watanzania kutoka makundi mbalimbali ya kijamii kufikia malengo yao ya maendeleo kupitia huduma rasmi za kifedha. Hafla ya uzinduzi wa kampeni hiyo imefanyika leo jijini Dar es Salaam.

Dar es Salaam, Juni 6, 2024 – Benki ya Taifa ya Biashara (NBC) imezindua kampeni maalum inayofahamika kama “Tunakuona Mbali”, ikiwa ni sehemu ya jitihada zake za kuwawezesha Watanzania kutoka makundi mbalimbali ya kijamii kufikia malengo yao ya maendeleo kupitia huduma rasmi za kifedha.

Kampeni hiyo inalenga kuhamasisha utamaduni wa kuweka akiba, kuwekeza, kutumia huduma za kifedha kwa usahihi na kuongeza uelewa wa wananchi kuhusu fursa zinazotolewa na benki katika kuboresha maisha yao. Kupitia kampeni hiyo, NBC inalenga kuwafikia wafanyakazi, wakulima, watoto, vijana, wanafunzi, wanawake, wastaafu, vikundi vya kijamii, taasisi za dini, Watanzania wanaoishi nje ya nchi pamoja na wafanyabiashara wadogo, wakati, na wakubwa.

Akizungumza wakati wa uzinduzi wa kampeni hiyo uliofanyika katika makao makuu ya benki hiyo jijini Dar es Salaam mapema leo, Mkuu wa Kitengo cha Masoko wa NBC, Bw. David Raymond, alisema kampeni hiyo imejengwa juu ya falsafa ya kutambua na kuunga mkono ndoto na juhudi za Watanzania katika hatua mbalimbali za maisha yao.

Tunaposema ‘NBC Tunakuona Mbali’, tunamaanisha kuwa tunakupa zaidi ya huduma za kawaida za benki. Tunatambua kwamba kila Mtanzania ana ndoto na malengo ya kufikia mafanikio katika maisha yake; iwe ni kujenga nyumba, kukuza biashara, kusomesha watoto, kuanzisha uwekezaji au kujijengea usalama wa kifedha kwa sasa na siku zijazo. Ndiyo maana, kama taasisi ya kifedha, tunajiona kuwa mshirika wa safari hiyo ya maendeleo. 

Akaunti ya NBC ni zaidi ya mahali pa kuhifadhi fedha; ni suluhisho kamili la kifedha mfano wa ‘wallet’ inayokuwezesha kufanya miamala ya kila siku kwa urahisi,ni mahali pa kuweka akiba, kutuma na kupokea pesa, kupata mikopo, kuwekeza katika masoko ya hisa na mifuko ya uwekezaji, pamoja na kuendesha biashara yako kwa ufanisi zaidi. Kupitia huduma hizi, tunalenga kukupa nyenzo na fursa zinazokusaidia kufikia malengo yako na kutimiza ndoto zako,” alisema.

NMB BANK HIGHLIGHTS INVESTOR SOLUTIONS AT ZANZIBAR INVESTMENT SUMMIT 2026

Zanzibar, 4 June 2026 – NMB Bank has reaffirmed its commitment to supporting investment and economic growth in Zanzibar through its participation in the Zanzibar Investment Summit 2026, held at the Golden Tulip Airport Hotel in Zanzibar.

The summit brought together government leaders, investors, financial institutions, chief executives, and private sector stakeholders to explore investment opportunities and discuss strategies for driving sustainable economic development in Zanzibar.

As one of the sponsors of the high-profile event, NMB Bank showcased a range of innovative financial solutions designed to support investors, businesses, and institutions operating across the islands.

A key highlight of the summit was the visit by the President of Zanzibar and Chairman of the Revolutionary Council, Dr. Hussein Ali Mwinyi, who toured the NMB exhibition booth and received an overview of the bank’s products and services tailored to meet the evolving needs of the investment community.

During the visit, Dr. Mwinyi was received by Ahmed Nassor, NMB Bank's Zanzibar Branch Manager, who briefed him on the various banking solutions available through NMB for investors, companies, and institutions conducting business in Zanzibar.

Speaking at the summit, Nassor said NMB’s participation reflects the bank’s ongoing commitment to supporting the Government of Zanzibar and the private sector in advancing the islands’ economic transformation agenda.

For NMB, the Zanzibar Investment Summit 2026 is an important platform to showcase the solutions we offer to investors, companies, and institutions operating in Zanzibar. We are ready to support their financial needs through banking services, payment solutions, collection services, and digital platforms, while continuing to work closely with the Revolutionary Government of Zanzibar in driving even greater economic success for Zanzibar,” said Nassor.

ACCESS BANK GROUP SIGNS $500 MILLION AGREEMENT WITH IFC TO EXPAND LOCAL CURRENCY FINANCING ACROSS AFRICA

Access Holding Plc Chairman, Aigboje Aig-Imoukhueole (right) and the International Finance Corporation (IFC) Managing Director, Makhtar Diop sign an agreement whereby International Finance Corporation (IFC), the private sector arm of the World Bank Group will provide $500 million to Access Bank Group with an aim of deepening local currency capital markets and expand access to affordable financing for businesses across Africa, with direct implications for the markets in which the Group operates, including Tanzania.

Dar es Salaam, Tanzania | June 2026

The landmark World Bank Group-backed partnership directly benefits Access Bank Tanzania's customers and the broader Tanzanian business community

Access Bank PLC, one of Africa's largest financial institutions and parent company of Access Bank Tanzania, has signed a $500 million agreement with the International Finance Corporation (IFC), the private sector arm of the World Bank Group. The partnership is designed to deepen local currency capital markets and expand access to affordable financing for businesses across Africa, with direct implications for the markets in which the Group operates, including Tanzania.

For businesses in Tanzania, the agreement addresses a long-standing structural challenge: the difficulty of accessing financing in local currency. When businesses are forced to borrow in foreign currencies, they are exposed to exchange rate volatility that can erode margins, disrupt planning, and deter investment. By working with IFC to develop local currency financing solutions at scale, the Access Bank Group is directly responding to one of the most persistent pain points facing Tanzanian entrepreneurs, SMEs, and corporates today.

Access Bank Tanzania, which in 2025 completed the acquisition of Standard Chartered's Consumer, Private, and Business Banking operations in the country, is well positioned to channel the benefits of this Group-level partnership to its growing customer base. With branches across Dar es Salaam, Mwanza, Arusha, and Dodoma, supported by 936 Access Wakala agents and 98 BancEasy Satellite outlets, the bank has the reach to bring improved financing solutions to businesses and individuals across the country, including in communities that have historically been underserved by formal banking.

ABSA BANK CELEBRATES RECORD-BREAKING SUCCESS AT THE 2026 TANZANIA PICKLEBALL OPEN

Absa Bank Tanzania Head of Large Corporates, Christopher Mgani (left), presents awards to winners of the Tanzania Pickleball Open 2026 during the closing ceremony at the Dar es Salaam Gymkhana Club. The tournament was sponsored by Absa Bank.
President of Tanzania Pickleball Association and the East Africa Rackets Sports Club Chairman, Kartik Kapor, shakes hands with Absa Bank Tanzania Head of Large Corporates, Christopher Mgani (right), during the closing ceremony of the Tanzania Pickleball Open 2026, sponsored by the financial institution, at the Dar es Salaam Gymkhana Club.
Absa Bank Tanzania Head of Large Corporates, Christopher Mgani (right), presents trophies to one of the winners of the Tanzania Pickleball Open 2026 during the closing ceremony at the Dar es Salaam Gymkhana Club.
Dar es Salaam - June 2, 2026: Attracting pickleball players from more than seven countries, the Tanzania Pickleball Open 2026 tournament backed by Absa Bank Tanzania, underscoring the growing popularity of the sport and Tanzania’s ambitions to become a regional sports and tourism hub.

The five-day tournament, held at the Gymkhana Club grounds in Dar es Salaam, brought together elite pickleball players from Kenya, Uganda, Rwanda, South Africa, the Democratic Republic of Congo, India, Turkey and Dubai for one of East Africa’s largest pickleball competitions.

Organised through a partnership between the Tanzania Pickleball Association (TPA) and the East Africa Racket Sports Club (EARSC), the event featured a corporate prize pool of US$15,000 and premium playing equipment, attracting both international competitors and local spectators.

As the tournament’s title sponsor, Absa Bank Tanzania said its support reflects a broader commitment to youth development, community engagement and the promotion of emerging sports in the country.

Speaking during the closing ceremony, Absa Bank Tanzania Marketing and Communications Manager, Mr Beda Biswalo, said the tournament had demonstrated the growing potential of pickleball to unite communities and create opportunities for young people.

We are inspired by the remarkable energy, discipline and international talent displayed throughout the tournament,” said Mr Biswalo. “Our partnership reflects a deeper purpose—championing a sport that unites communities while creating meaningful opportunities for young people.”

WANUFAIKA 588 WA ‘NBC WAJIBIKA SCHOLARSHIP’ WAANZA MAFUNZO YA UFUNDI STADI VETA

Mkurugenzi wa VETA Kanda ya Mashariki, Bw. John Mwanja (wa pili kushoto), Mkuu wa Idara ya Mawasiliano na Mahusiano kwa Umma wa Benki ya Taifa ya Biashara (NBC), Bw. Godwin Semunyu (wa tatu kushoto), na Mkuu wa Chuo cha VETA Kihonda, Dkt. Ulimwengu Salumu (wa tatu kulia) , walimu na wanafunzi, wakisikiliza maelezo kutoka kwa mwanafunzi wa kozi fupi ya Ufundi Bomba katika Chuo cha VETA Kihonda, William Amon (katikati), kuhusu mfumo wa kilimo cha umwagiliaji uliobuniwa na wanafunzi hao. William ni miongoni mwa vijana 588 wanaonufaika na mpango wa ufadhili wa mafunzo ya ufundi stadi kwa vijana unaojulikana kama NBC Wajibika Scholarship, unaotekelezwa na VETA kwa ufadhili wa NBC. Tukio hilo lilifanyika mkoani Morogoro wakati wa uzinduzi rasmi wa utekelezaji wa mpango huo.
Mkurugenzi wa VETA Kanda ya Mashariki, Bw. John Mwanja (katikati) akizungumza na waandishi wa habari (hawapo pichani) wakati wa hafla fupi ya uzinduzi wa utekelezaji wa mpango wa ufadhili wa mafunzo ya ufundi stadi kwa vijana unaojulikana kama ‘NBC Wajibika Scholarship’, kwa tawi la VETA Kihonda Morogoro. Wengine ni Mkuu wa Idara ya Mawasiliano na Mahusiano kwa Umma wa Benki ya Taifa ya Biashara (NBC), Bw. Godwin Semunyu (kushoto), na Mkuu wa Chuo cha VETA Kihonda, Dkt. Ulimwengu Salumu (kulia).
Akizungumza katika hafla hiyo, Bw. Semunyu (kushoto) alisema kuwa kupitia mpango huo NBC inalenga kuwawezesha vijana kupata ujuzi utakaowapa uwezo wa kujiajiri, kuajiriwa na hata kuwaajiri wengine, hivyo kuchangia ukuaji wa uchumi wa taifa.
Mkuu wa Idara ya Mawasiliano na Mahusiano kwa Umma wa Benki ya Taifa ya Biashara (NBC), Bw. Godwin Semunyu (kulia), akipimwa nguo na mwanafunzi wa kozi fupi ya Ubunifu, ushonaji na teknolojia ya nguo katika Chuo cha VETA Kihonda, Amina Rashid (kulia). Amina ni miongoni mwa vijana 588 wanaonufaika na mpango wa ufadhili wa mafunzo ya ufundi stadi kwa vijana unaojulikana kama NBC Wajibika Scholarship, unaotekelezwa na VETA kwa ufadhili wa NBC.

Morogoro, Juni 3, 2026 – Jumla ya vijana 588 wanaonufaika na mpango wa ufadhili wa mafunzo ya ufundi stadi kwa vijana wa ‘NBC Wajibika Scholarship’ wameanza rasmi mafunzo yao katika vyuo vya VETA Kihonda mkoani Morogoro na VETA Mwanza, huku Benki ya NBC ikisisitiza dhamira yake ya kuendelea kuwekeza katika maendeleo ya rasilimali watu kama njia ya kuchochea ukuaji wa uchumi jumuishi nchini.

Mpango huo unatekelezwa kwa ushirikiano kati ya Benki ya NBC na Mamlaka ya Elimu na Mafunzo ya Ufundi Stadi (VETA), ukiwa na lengo la kuwawezesha vijana kupata ujuzi unaowawezesha kujiajiri, kuajiriwa na hata kuwa waajiri, sambamba na kuunga mkono jitihada za Serikali za kujenga uchumi shindani unaotegemea nguvu kazi yenye ujuzi, ubunifu na tija.

Hafla ya uzinduzi wa utekelezaji wa mpango huo ilifanyika katika Chuo cha VETA Kihonda, ambapo wanafunzi 294 wanapatiwa mafunzo, huku idadi kama hiyo ikinufaika katika Chuo cha VETA Mwanza. Hafla hiyo ilihudhuriwa na viongozi mbalimbali wa VETA wakiongozwa na Mkurugenzi wa VETA Kanda ya Mashariki, Bw. John Mwanja, aliyemwakilisha Mkurugenzi Mkuu wa VETA, Mkuu wa Chuo cha VETA Kihonda, Dkt. Ulimwengu Salumu, walimu, wanafunzi wanufaika pamoja na maofisa wa NBC wakiongozwa na Mkuu wa Idara ya Mawasiliano na Mahusiano kwa Umma, Bw. Godwin Semunyu.

Friday, 29 May 2026

BOLT TANZANIA REVEALS 2026 GIG ECONOMY DATA AT HIGH-LEVEL MOBILITY ROUNDTABLE

Dar es Salaam, 29 May 2026 — Bolt Tanzania has revealed new insights into the country’s rapidly growing gig economy during the Bolt Tanzania Mobility Dialogue 2026, a high-level roundtable that brought together regulators, policymakers, investors, and private-sector leaders to discuss the future of urban mobility and ride-hailing in Tanzania.

Hosted in partnership with Mwananchi Communications, the forum focused on building sustainable ride-hailing platforms capable of supporting long-term urban transport development while creating economic opportunities for thousands of Tanzanians.

Held in Dar es Salaam, the dialogue explored how regulation, investor relations, digital innovation, and economic inclusion are shaping Tanzania’s mobility sector and broader gig economy. Participants agreed that ride-hailing services have become an increasingly important component of the urban economy by improving first- and last-mile connectivity, supporting employment opportunities, and expanding access to digital financial services.

Speaking during the event, Bolt East Africa Senior General Manager, Dimmy Kanyankole described Tanzania as one of Bolt’s fastest-growing markets globally. He noted that tens of thousands of Tanzanian driver-partners currently depend on the platform as a source of income, reflecting the growing significance of digital mobility platforms in the country’s employment landscape.

Kanyankole also highlighted the sector’s contribution to government revenue, revealing that Bolt alone remits more than Tsh1 billion in VAT every month to the Tanzania Revenue Authority (TRA). According to him, the figures demonstrate the significant economic potential that could be unlocked through continued investment and supportive regulation within the mobility ecosystem.

TANZANIA STRENGTHENS STATE PARTICIPATION IN STRATEGIC GRAPHITE PROJECT

Minister for Minerals, Hon. Anthony Mavunde (second left), poses for a photo with, from left, Lindi Jumbo Director, Andrew Cunningham; Lindi Jumbo Legal Advisor and Company Secretary, Ephraim Mrawa; and Gemcorp Representative, William Binedell, after the official signing ceremony of agreements between the Government of the United Republic of Tanzania and Lindi Jumbo Limited regarding the government’s participation in the mining company’s Graphite Project through the joint venture company, Ndovu Graphite Limited, held at Matambarale Village in Ruangwa District, Lindi Region, yesterday.
Minister for Minerals, Hon. Anthony Mavunde, delivers his keynote address during the official signing ceremony of agreements between the Government of the United Republic of Tanzania and Lindi Jumbo Limited regarding the government’s participation in the mining company’s Graphite Project through the joint venture company, Ndovu Graphite Limited.

Lindi, Tanzania - 29 May 2026: The Government of Tanzania has taken another major step in strengthening state participation in the mining sector after signing agreements with Lindi Jumbo Limited to formalise the Government’s stake in the Lindi Jumbo Graphite Project.

The agreements, signed yesterday in Matambarale Village, Ruangwa District in Lindi Region, establish a joint venture company known as Ndovu Graphite Limited through which the Government will hold a 16 percent non-dilutable free carried interest in the project. Lindi Jumbo Limited will retain the remaining 84 percent shareholding.

The signing marks a significant milestone in Tanzania’s strategic minerals agenda as the country seeks to secure greater benefits from its natural resources while positioning itself within the rapidly growing global critical minerals market.

Speaking during the ceremony, Tanzania’s Minister for Minerals, Hon. Anthony Mavunde, described the agreement as a historic achievement that demonstrates the Government’s commitment to ensuring Tanzanians directly benefit from mining investments.

Under the arrangement, the Government will participate in the project without bearing initial capital investment costs while still gaining access to dividends, participation in strategic decision-making, and enhanced oversight of mineral revenues.

Hon. Mavunde said the agreement reflects Tanzania’s evolving approach to mineral resource governance, where the country is moving beyond simply exporting raw minerals toward becoming an active participant in the global minerals value chain.

The Government under the leadership of President Samia Suluhu Hassan has continued to strengthen Tanzania’s reputation as a stable and investment-friendly destination,” said Hon. Mavunde.

"KUTOA NI MOYO" FUNDRAISING CAMPAIGN LAUNCHED TO SUPPORT CHILDREN WITH HEART CONDITIONS

Dar es Salaam, Tanzania – 25 May 2026 – The Heart Team Africa Foundation (HTAF), in partnership with the Jakaya Kikwete Cardiac Institute (JKCI), has officially launched “Kutoa Ni Moyo”, a national fundraising and awareness campaign aimed at supporting children suffering from heart diseases across Tanzania.

The campaign seeks to unite Tanzanians from all walks of life under one shared purpose — giving children born with heart conditions a second chance at life through access to critical cardiac treatment and care.

Speaking during the launch event, JKCI Executive Director, Dr. Peter Kisenge, emphasized the urgent need for collective national support in addressing the growing burden of pediatric heart diseases in the country.

In Tanzania, over 16,000 children are born with heart problems annually. That means every single day, families wake up to news that could change their child’s future forever,” said Dr. Kisenge.

He noted that approximately 4,000 children in Tanzania urgently require heart surgery, with many families unable to afford the cost of specialized treatment.

For many families, time is not just money — it is life. Through Kutoa Ni Moyo, we are calling upon every Tanzanian, institutions, corporate organizations, and government agencies to become part of this life-saving movement,” he added.

The initiative is being implemented in collaboration with The Heart Team Africa Foundation (HTAF), a non-profit organization dedicated to supporting cardiovascular care in Tanzania and across Africa.

Speaking at the launch, HTAF Chief Executive Officer, Dr. Naizihijwa Majani, said the campaign is designed not only to raise funds, but also to build national awareness and long-term community participation around heart health.

Tanzania has a long-standing culture of solidarity and community support. Kutoa Ni Moyo transforms small individual contributions into a national force for impact,” said Dr. Majani.

Kutoa Ni Moyo is more than a fundraising campaign. It is a movement built on compassion, unity, and the belief that saving a child’s life is a responsibility we all share,” she added.

Thursday, 28 May 2026

TANZANIA’S BLACK SWAN NAMED TO BLOOMBERG’S “25 AFRICAN STARTUPS TO WATCH 2026”

Black Swan Co-Founder and Chief Executive Officer, Derick Kazimoto.

Pan-African fintech innovator becomes the only Tanzanian registered company on the prestigious global list

Dar es Salaam, Tanzania – 28 May 2026

Tanzania’s fintech sector has received a major international spotlight after Black Swan, a pan-African financial technology company registered in Tanzania, was named to Bloomberg’s “25 African Startups to Watch 2026” list. The recognition places the company among Africa’s most innovative and high-impact startups shaping the future of digital finance.

The Bloomberg list highlights startups across the continent that are addressing critical challenges through technology, scalability, and meaningful social or economic impact. Black Swan stood out for its mission to transform informal and invisible financial activity into trusted credit intelligence, enabling millions of underserved individuals and businesses to access fair and responsible financing.

A Milestone for Tanzania’s Innovation Ecosystem

Black Swan’s inclusion marks a significant achievement for Tanzania, as it becomes the only Tanzanian-registered company featured on this year’s list. The recognition underscores the growing role of Tanzanian fintech innovation within the broader African digital economy, alongside peers from Nigeria, Kenya, South Africa, and Morocco.

The announcement reinforces Tanzania’s positioning as an emerging hub for financial technology solutions that address real-world barriers to financial inclusion.

Building Credit Access for the Underserved

At the core of Black Swan’s innovation is its data-driven approach to credit intelligence. The company enables financial institutions to make faster, safer, and more inclusive lending decisions by securely analysing user-consented financial data.

Its infrastructure currently supports more than 30 financial institutions across East Africa, powering credit decisioning for microfinance institutions, digital lenders, asset financiers, and traditional banking products.

Leadership Perspective

Reacting to the recognition, Black Swan Co-Founder and Chief Executive Officer, Derick Kazimoto said the milestone reflects both the urgency and importance of financial inclusion across Africa.

This recognition means a great deal to us, but what it means even more is that the problem we are solving is real and it is being seen. Every day, millions of Tanzanians wake up, go to work, run their businesses, and take care of their families, yet financial systems continue to treat them as if they do not exist. We built Black Swan to change that,” he said.

VODACOM M-PESA AND PAYPAL PARTNER TO EXPAND ACCESS TO GLOBAL DIGITAL PAYMENTS FOR TANZANIANS

New integration enables customers to seamlessly link accounts and transfer funds between PayPal and M-Pesa wallets through the M-Pesa Super App

Dar es Salaam, Tanzania – 26 May 2026: Vodacom M-Pesa Tanzania has announced a strategic partnership with PayPal that will enable customers in Tanzania to seamlessly transfer funds between their PayPal and M-Pesa wallets through the M-Pesa Super App.

As part of M-Pesa’s broader global payments solutions, the integration marks a significant milestone in expanding access to international digital financial services for Tanzanians.

Through the new service, eligible M-Pesa customers will be able to securely deposit funds directly into their PayPal wallets and withdraw funds from PayPal back into their M-Pesa wallets with ease and convenience. The integration is expected to simplify international transactions for freelancers, developers, content creators, entrepreneurs, gig economy workers, and other digitally connected customers.

The partnership comes at a time when demand for seamless cross-border payment solutions continues to grow among Tanzanians participating in international commerce, freelance work, and digital services. With PayPal-to-M-Pesa withdrawals now available, Tanzanians will have easier access to their global earnings and digital income streams.

Speaking about the partnership, Acting M-Pesa Director Tulisindo Mlupilo said the collaboration reflects M-Pesa’s continued commitment to connecting customers to greater opportunities through innovation and inclusive financial services.

Digital connectivity is creating more opportunities for Tanzanians to participate in the global economy, whether through freelancing, online business, content creation, or cross-border commerce. Through this partnership with PayPal, we are making it easier for our customers to send, receive, deposit, and access funds across platforms with greater convenience and confidence,” said Mlupilo.