ZANZIBAR TOURIST ARRIVALS SURGE 54.9% TO 107,801 IN JULY AS EUROPEAN SUMMER SEASON PEAKS

ZANZIBAR; August 19, 2026 — Zanzibar recorded a sharp increase in international tourist arrivals in July, as the peak European summer holiday season boosted visitor numbers and strengthened the islands’ tourism outlook.

According to data released by the Zanzibar Commission for Tourism (ZCT), international arrivals rose by 54.9 per cent month-on-month to 107,801 visitors in July, up from June.

The latest figure also represents a 9.6 per cent increase compared with the 98,370 international visitors recorded in July 2025.

Research and Statistics Officer at the Zanzibar Commission for Tourism, Hassan Ameir Vuai, said the latest figures demonstrate the continued upward trend in the islands’ tourism sector.

EUROPE LEADS JULY ARRIVALS

Europe remained Zanzibar’s largest source market during the month, accounting for 56.4 per cent of total international arrivals, equivalent to 60,754 visitors.

Italy led individual international markets with 8,892 arrivals, followed by the United Kingdom with 5,618, Germany with 5,423, and France with 3,236 visitors.

African markets also continued to make a significant contribution, accounting for 24.6 per cent of total arrivals. Kenya was the leading African source market, recording 5,540 visitors.

NBC YAITIKIA WITO WA RAIS SAMIA, YASISITIZA DHAMIRA YA KUCHOCHEA UKUAJI WA UCHUMI ZANZIBAR

Rais wa Jamhuri ya Muungano wa Tanzania, Dkt. Samia Suluhu Hassan (kushoto), akimsikiliza Meneja wa NBC Tawi la Zanzibar, Bw. Abdul Karim Mkila (anayeshika kipaza sauti), akieleza kuhusu huduma na suluhisho mbalimbali za kifedha zinazotolewa na benki hiyo kwa wananchi na wafanyabiashara wa Zanzibar. Rais Samia alipata fursa ya kutembelea banda la NBC wakati wa Maonyesho ya Biashara yaliyofanyika sambamba na Tamasha la Kizimkazi, Zanzibar, lililohitimishwa mwishoni mwa wiki.

Mkurugenzi Mtendaji wa NBC, Bw. Theobald Sabi (kulia), akizungumza na Gavana wa Benki Kuu ya Tanzania (BoT), Bw. Emmanuel Tutuba (kushoto), wakati wa hafla ya kuhitimisha Tamasha la Kizimkazi lililoongozwa na Rais wa Jamhuri ya Muungano wa Tanzania, Dkt. Samia Suluhu Hassan, iliyofanyika Kizimkazi, Zanzibar, mwishoni mwa wiki. NBC ilikuwa miongoni mwa wadau na wafadhili muhimu walioshiriki katika kufanikisha tamasha hilo, ikiwa ni sehemu ya dhamira yake ya kuunga mkono shughuli zinazochochea ukuaji wa uchumi na uwekezaji nchini.

Zanzibar | Agosti 16, 2026

Benki ya Taifa ya Biashara (NBC) imesisitiza dhamira yake ya kuwa mshirika wa kimkakati katika kuchochea ukuaji wa uchumi wa Zanzibar, ikiahidi kuendelea kuwawezesha wafanyabiashara, wawekezaji na wajasiriamali kutumia kikamilifu fursa zinazotokana na ongezeko la uwekezaji, maendeleo ya miundombinu na ukuaji wa sekta ya utalii.

Benki hiyo imesema itaendelea kutoa suluhisho mbalimbali za kifedha zitakazowawezesha wafanyabiashara kupata mitaji, kupanua shughuli zao, kuongeza uzalishaji na kuwekeza katika fursa mpya za biashara, hususan katika maeneo yenye kasi ya ukuaji wa kiuchumi, ikiwemo Kizimkazi na Zanzibar kwa ujumla.

Akizungumza kufuatia hitimisho la Tamasha la Kizimkazi mwishoni mwa wiki, Mkurugenzi Mtendaji wa NBC, Bw. Theobald Sabi, alisema benki hiyo inaona fursa kubwa katika mabadiliko yanayoendelea Zanzibar na imejipanga kushirikiana na sekta binafsi ili kuhakikisha fursa hizo zinageuka kuwa shughuli endelevu za kiuchumi.

“NBC itaendelea kuwa mshirika wa wafanyabiashara na wawekezaji katika kutumia fursa zinazopatikana Zanzibar, ikiwemo eneo la Kizimkazi. Tumejipanga kutoa suluhisho mbalimbali za kifedha zitakazowasaidia kupata mitaji, kukuza biashara zao na hatimaye kuchangia katika ukuaji wa uchumi wa maeneo haya,” alisema Bw. Sabi.

STANBIC BANK BECOMES FIRST BANK IN TANZANIA TO LAUNCH DIRECT RMB (YUAN) SETTLEMENT FOR CHINA TRADE

From second left, Bank of Tanzania Deputy Governor, Sauda Msemo, Stanbic Bank Tanzania Chief Executive, Manzi Rwegasira, and Deputy Minister for Industry and Trade Dennis Londo, joined by other stakeholders, during the official launch of CIPS and Direct RMB (Yuan) Settlement in Dar es Salaam. The launch makes Stanbic Bank Tanzania the first bank in Tanzania to enable businesses trading with China to pay and receive Renminbi directly, without first converting through the US dollar.

Dar es Salaam, Tanzania – 12 August 2026

Stanbic Bank Tanzania has made a major breakthrough in Tanzania’s international trade and financial services landscape after becoming the first bank in the country to launch Direct Renminbi (RMB/Yuan) Settlement, enabling businesses to pay and receive Chinese currency directly when trading with China.

The new capability allows Tanzanian businesses to settle transactions with Chinese trading partners in Renminbi without first converting funds through the United States dollar, creating a more direct, efficient and potentially cost-effective channel for one of Tanzania’s most important trading relationships.

The service is available in both directions — supporting Tanzanian importers purchasing goods and services from China and exporters receiving payments from Chinese buyers.

A MAJOR STEP FOR TANZANIA–CHINA TRADE

China has been Tanzania’s largest trading partner for ten consecutive years, with bilateral trade reaching close to USD 9 billion in the most recent full year of available data.

Traditionally, many transactions between Tanzanian businesses and their Chinese counterparts have involved the US dollar as an intermediary currency. This can introduce additional foreign exchange conversion costs, currency exposure and processing time.

Direct RMB Settlement is designed to remove that additional layer, giving Tanzanian businesses a more direct route into the Chinese market.

Speaking at the launch, Manzi Rwegasira, Chief Executive of Stanbic Bank Tanzania, said the new service would make it easier for businesses to trade in both directions.

“China is Tanzania’s largest trading partner, and it has held that position for a decade. Direct RMB (YUAN) Settlement gives Tanzanian businesses a simpler, more direct route to trade with China, and it strengthens the economic ties between our two countries.”

The launch also builds on the strength of Standard Bank Group, the parent company of Stanbic Bank Tanzania, which together with the Industrial and Commercial Bank of China (ICBC), became the first African-based banking group authorised by the People’s Bank of China to clear Renminbi transactions across Africa.

GGML, JKCI FORGE 3-YEAR PARTNERSHIP TO SUPPORT PAEDIATRIC CARDIAC SURGERIES FOR 300 CHILDREN IN TANZANIA

Jakaya Kikwete Cardiac Institute ( JKCI) Executive Director, Dr. Peter Kisenge (second from left) and Geita Gold Mining Limited (GGML) Managing Director, Mr. Ashraf Suryaningrat display documents after signing a three-year strategic partnership to support specialized cardiac surgeries for up to 300 children in the country.

GEITA, TANZANIA – 16 AUGUST 2026: Geita Gold Mining Limited (GGML) and the Jakaya Kikwete Cardiac Institute (JKCI) have entered into a three-year strategic partnership to support specialised cardiac surgeries for up to 300 children in Tanzania, marking a significant expansion of their collaboration to improve access to life-saving paediatric cardiac care.

The partnership seeks to improve access to critical cardiac treatment, particularly for children from underprivileged communities, while also strengthening cardiovascular health awareness, preventive healthcare and community outreach.

Speaking during the signing of the Memorandum of Understanding (MoU), GGML Managing Director Ashraf Suryaningrat said the partnership demonstrates the company’s commitment to working with national institutions to address critical healthcare needs and contribute to improving the quality of life for Tanzanians.

“Behind every child requiring cardiac surgery is a family hoping for an opportunity to see their child recover, grow and realise their potential. Through this partnership with JKCI, we are helping turn that hope into possibility by supporting access to specialised cardiac care over the next three years.”

TZS 1.2 BILLION COMMITMENT

Under the MoU, GGML will provide financial support for cardiac surgeries for 100 children each year for three years, representing an annual commitment of TZS 400 million and a potential total investment of TZS 1.2 billion over the duration of the partnership.

NCBA SME CLINIC HIGHLIGHTS THE SUPPORT BUSINESSES NEED TO TURN AMBITIONS INTO GROWTH

NCBA Bank Tanzania Managing Director and CEO, Alex Mziray speaks at the event.

Dar es Salaam; August 17, 2026 - For many entrepreneurs, the biggest challenge is not having a business idea or finding an opportunity. It is having the resources and support needed to take advantage of that opportunity when it comes.

A transport operator may win a new contract but need additional vehicles to fulfil it. A manufacturer may have growing demand for its products but lack the machinery to increase production. A retailer may see an opportunity to expand but need additional working capital to make the move.

These realities took centre stage on Friday as NCBA Bank Tanzania hosted its SME Business Clinic in Dar es Salaam, bringing together entrepreneurs and business stakeholders for conversations around financing, business management, risk protection, digital solutions and sustainable growth.

The Clinic provided entrepreneurs with an opportunity to engage with financial experts, share some of the challenges they face in running their businesses and explore practical solutions to help them move to the next stage of their journey.

Speaking at the event, NCBA Bank Tanzania Managing Director and CEO Alex Mziray said the bank's approach to SMEs is centred on understanding the ambition behind the business rather than simply responding to a financing request.

“Every entrepreneur comes with a dream, but that dream needs the right support to become a reality. Our role is to understand that ambition and help the customer take the next step,” he said.

One of the key areas of focus was Asset Finance, which continues to play an important role for businesses whose growth depends on acquiring productive assets.

For an entrepreneur in transport, an additional truck can mean the ability to take on a new contract. For a manufacturer, new machinery can increase production, while equipment can give a construction company the capacity to undertake larger projects.

DIGITAL TRANSFORMATION IN BANKING: A GAME CHANGER THAT MISSES A STEP

DAR ES SALAAM; August 17, 2026 — The rapid adoption of digital technologies is transforming the banking industry, making financial services faster, more convenient and increasingly accessible. However, banks must now focus on closing a critical gap in the digital customer journey: effective digital complaint handling.

Speaking during the 10DX Intelligent Banking Series – Tanzania Edition in Dar es Salaam, Absa Bank Tanzania Head of Application Management Nicky Mlelwa said digital transformation has fundamentally changed how customers interact with banks, moving the industry away from traditional processes such as queues, paperwork and frequent branch visits.

“Digital transformation has fundamentally changed the face of banking. What was once an industry defined by queues, paperwork and branch visits is now powered by speed, convenience and experiences that fit seamlessly into customers’ daily lives,” Mlelwa said.

BANKING IS BECOMING FASTER AND SMARTER

Mlelwa said advances in automation, artificial intelligence, real-time data and other modern technologies have enabled banks to provide services that previously required days or weeks in a matter of minutes or even seconds.

Customers can now open bank accounts, apply for loans, make payments and access financial services through digital platforms. Technologies such as real-time payments, digital lending, straight-through processing and open banking are becoming increasingly central to the modern banking experience.

“Banking is no longer just a place to store money or process transactions. Instead, it has become a trusted companion that supports customers throughout their financial journeys,” he said.

He noted that customers increasingly expect to manage their finances anytime and anywhere, whether paying bills, transferring money, accessing credit, saving or investing.

AIRTEL AFRICA BECOMES FIRST OPERATOR IN AFRICA TO COMMERCIALLY LAUNCH STARLINK MOBILE IN DRC

Kinshasa, Democratic Republic of the Congo – August 17, 2026: Airtel Africa has partnered with Starlink to commercially launch satellite-to-mobile connectivity in the Democratic Republic of the Congo (DRC), marking the first commercial deployment of Starlink Mobile in Africa.

The service enables Airtel customers with compatible smartphones to access mobile connectivity in areas beyond the reach of traditional terrestrial networks, provided they have a clear view of the sky.

Starlink, operated by SpaceX, currently has the world’s largest satellite-to-mobile constellation, with 650 satellites launched. The technology enables customers to use light-data applications, including WhatsApp messaging, as well as SMS, without requiring specialised equipment or a separate satellite device.

CONNECTIVITY BEYOND TERRESTRIAL NETWORKS

The launch follows the strategic partnership between Airtel Africa and Starlink announced in December 2025 and successful testing of Starlink Mobile data and messaging services in Kenya in March 2026.

The DRC is the first Airtel Africa market and the first country in Africa where Starlink Mobile has progressed to commercial deployment.

Initially, the service is available to customers using compatible LTE Android smartphones, with an active Airtel DRC data bundle or data roaming switched on. Support for Apple devices is expected to be introduced in the future.

Commenting on the milestone, Airtel Africa CEO Sunil Taldar said the launch represents a significant development in the company’s partnership with SpaceX.

“By combining Airtel’s terrestrial network with Starlink’s satellite technology, we are extending essential connectivity beyond the limits of mobile infrastructure.”

Taldar said the experience gained in the DRC would support the progressive expansion of the service across Airtel Africa’s markets, subject to country-specific regulatory approvals.

EQUITY BANK CELEBRATES NATIONAL BANKING EXCELLENCE VICTORY IN THE TANZANIA BANKERS CHALLENGE 2026

DAR ES SALAAM, TANZANIA — Equity Bank Tanzania has reaffirmed its position as a competitive and forward-looking financial institution following the impressive victory of its Equity Eagles team in the Tanzania Bankers Challenge 2026, after an intensive competition spanning almost four months.

The competition brought together 11 teams representing 10 banks, providing a platform for banking professionals to demonstrate their knowledge, teamwork and ability to apply strategic thinking to real-world banking challenges.

Participants were tested across a range of critical areas, including banking knowledge, strategic decision-making, teamwork, risk management and practical business application.

Throughout the competition, Equity Eagles demonstrated strong capability and consistency, successfully progressing through the various stages before reaching the finals. The team particularly excelled in the business simulation exercises, which required participants to make sound judgements, collaborate effectively and manage a simulated banking environment under challenging conditions.

The victory highlights Equity Bank Tanzania’s continued commitment to investing in its people, strengthening process excellence and driving strong business performance.

NMB YATIA NGUVU TAMASHA LA KIZIMKAZI, YAPELEKA HUDUMA KARIBU NA WANANCHI

Rais wa Jamhuri ya Muungano wa Tanzania, Dkt. Samia Suluhu Hassan, akisikiliza maelezo kutoka kwa Mwakilishi wa Idara ya Biashara za Serikali wa Benki ya NMB, Vicky Bishubo, alipotembelea banda la benki hiyo katika Tamasha la Kizimkazi 2026, Zanzibar. NMB ilikuwa miongoni mwa wadhamini wa tamasha hilo lililofikia kilele tarehe 14 Agosti 2026.

ZANZIBAR: Agosti 15, 2026 - Benki ya NMB imehitimisha ushiriki wake katika Tamasha la Kizimkazi 2026 kwa kuwaleta wananchi karibu na huduma za kifedha na fursa za kukuza biashara.

NMB ilikuwa miongoni mwa wadhamini wa tamasha hilo lililofikia kilele Agosti 14, 2026, Kusini Unguja. Kupitia banda lake, benki hiyo ilitoa elimu ya fedha na kuwaelimisha wananchi kuhusu huduma na fursa mbalimbali zinazolenga wafanyabiashara, wajasiriamali na jamii kwa ujumla.

Ushiriki wa NMB ulilenga kuongeza uelewa kuhusu huduma za kifedha zinazoweza kusaidia wananchi kukuza shughuli zao za kiuchumi, sambamba na kuimarisha upatikanaji wa huduma za benki karibu na jamii.

Rais wa Jamhuri ya Muungano wa Tanzania, Dkt. Samia Suluhu Hassan, alipotembelea banda la NMB, alipokea maelezo kutoka kwa Mkuu wa Idara ya Biashara za Serikali wa NMB, Vicky Bishubo, kuhusu ushiriki wa benki hiyo katika tamasha pamoja na huduma ilizowafikishia wananchi.

DCB BANK STRENGTHENS BOARD WITH APPOINTMENT OF DR. CHARLES KIMEI AS CHAIRMAN AND GILEAD TERI AS DIRECTOR

DAR ES SALAAM, Tanzania; August 14, 2026 — DCB Commercial Bank Plc has strengthened its Board of Directors with the appointment of two highly experienced leaders, Dr. Charles Stephen Kimei as the new Chairman of the Board and Mr. Gilead John Teri as a new Board member.

The appointments bring together extensive expertise in banking, financial policy, investment, economic development, regulation, institutional transformation and corporate governance, reinforcing DCB Commercial Bank’s strategic focus on transformation, innovation and sustainable growth.

DR. CHARLES KIMEI APPOINTED BOARD CHAIRMAN

Dr. Charles Stephen Kimei is one of Tanzania’s most distinguished banking and financial sector leaders, with more than four decades of experience spanning banking, financial policy, regulation, economic research and corporate governance.

He began his career at the Bank of Tanzania, where he held senior positions including Director of Banking Supervision and Director of Economic Research and Policy.

Dr. Kimei later served as Managing Director and Chief Executive Officer of CRDB Bank Plc, where his leadership is widely recognised as having played a significant role in transforming the institution from a cooperative banking entity into a successful and competitive commercial bank and one of Tanzania’s leading banks.

Beyond his executive leadership roles, Dr. Kimei has held several influential board and leadership positions, including with the Tanzania Bankers Association, Swissport Tanzania Plc, the Economic and Social Research Foundation, the University of Dar es Salaam Council and the Tanzania Education Authority.

His contribution to Tanzania’s banking and financial sector has earned him numerous recognitions, including the East Africa Banker Lifetime Achievement Award in 2016.

ECOBANK GCEO CALLS FOR GREATER AFRICAN CAPITAL MOBILISATION TO DRIVE INFRASTRUCTURE DEVELOPMENT

DAR ES SALAAM, Tanzania; August 14, 2026 — Ecobank Group Chief Executive Officer Jeremy Awori has called for stronger mobilisation of African capital, better project preparation and smarter use of existing infrastructure assets to accelerate infrastructure development across the continent.

Speaking at the Africa50 Infra for Africa Forum 2026 in Dar es Salaam, Awori said Africa’s infrastructure challenge is not solely about raising new capital, but also about making more effective use of the financial resources, institutions and assets already available across the continent.

UNLOCKING AFRICAN CAPITAL

Awori highlighted the significant pools of domestic capital available in African markets, including pension funds, and stressed the need for stronger leadership, coordination and innovative financing approaches to channel more of these resources towards infrastructure development.

“Africa has significant pools of capital that can support its infrastructure ambitions. The challenge is to create the right structures and investment opportunities to effectively mobilise this capital,” Awori said.

He also underscored the importance of developing and packaging infrastructure projects in ways that can attract institutional investors and build greater confidence in African markets.

According to Awori, demonstrating the performance of successful infrastructure projects through credible data will be critical to changing perceptions of infrastructure investment in Africa. Evidence of sustainable returns from completed and operational projects, he said, can help attract more institutional capital and encourage greater investment across the continent.

FROM AMBITION TO DELIVERY

The Ecobank GCEO further called for stronger collaboration among governments, financial institutions, investors and other stakeholders to move infrastructure discussions from ambition to actual project delivery.

He said Africa needs to develop scalable and investable infrastructure pipelines across its markets, supported by appropriate financing structures and effective partnerships between the public and private sectors.

NBC YAUNGA MKONO AJENDA YA RAIS SAMIA YA NISHATI SAFI, YATUNUKIWA TUZO

Rais wa Jamhuri ya Muungano wa Tanzania, Dkt. Samia Suluhu Hassan (kulia) akimkabidhi Mkurugenzi Mtendaji wa NBC, Bw. Theobald Sabi tuzo maalum ya kutambua mchango wa benki hiyo katika kufanikisha maandalizi ya hafla maalum ya mnada wa sanaa za picha uliolenga kukusanya fedha kwa ajili ya kuunga mkono jitihada za kukuza matumizi ya nishati safi ya kupikia, kupunguza utegemezi wa nishati zinazochangia ukataji wa misitu na hivyo kusaidia uhifadhi wa mazingira na bioanuwai kupitia taasisi ya Mwanamke Initiative Foundation (MIF). Hafla hiyo ilifanyika katika Hoteli ya Kwanza, Kizimkazi, Zanzibar jana.

Akizungumzia nafasi ya NBC katika kuunga mkono agenda ya nishati safi ya kupikia, Mkurugenzi Mtendaji wa NBC, Bw. Theobald Sabi (alieshika mic) alisema benki hiyo iko tayari kushirikiana na wadau mbalimbali katika kuwezesha mnyororo mzima wa nishati hiyo, kuanzia uzalishaji hadi matumizi.

Akiwa kwenye hafla hiyo Mkurugenzi Mtendaji wa NBC, Bw. Theobald Sabi alipata wasaa wa kubadilisha mawazo na viongozi pamoja na wadau mbalimbali.

Zanzibar, Agosti 12, 2026 — Benki ya Taifa ya Biashara (NBC) imeendelea kuunga mkono juhudi za Serikali katika kukuza matumizi ya nishati safi ya kupikia, uhifadhi wa mazingira, kukuza utalii na kuendeleza ubunifu wa vijana, ikisisitiza kuwa maeneo hayo ni muhimu katika kujenga uchumi endelevu wenye fursa kwa vizazi vya sasa na vijavyo.

Dhamira hiyo imebainishwa na Mkurugenzi Mtendaji wa NBC, Bw. Theobald Sabi, wakati wa hafla maalum ya mnada wa sanaa za picha iliyoongozwa na Rais wa Jamhuri ya Muungano wa Tanzania, Mhe. Dkt. Samia Suluhu Hassan, iliyofanyika katika Hoteli ya Kwanza, Kizimkazi, Zanzibar.

Hafla hiyo iliandaliwa na Mwanamke Initiative Foundation (MIF) kwa kushirikiana na kampuni ya ubunifu ya Waba Group, ikiwa na lengo la kutumia sanaa ya picha kuhamasisha uhifadhi wa mazingira, nishati safi ya kupikia na kukuza utalii wa Tanzania.

RAIS SAMIA AWATAKA VIJANA KUTUMIA SANAA KUTANGAZA UTALII

Akizungumza katika hafla hiyo, Rais Samia aliwataka wadau wanaojihusisha na sanaa ya upigaji picha, hususan vijana, kutumia ubunifu wao zaidi katika kutangaza utalii wa Tanzania.

Alisema sekta ya sanaa ya picha ina fursa kubwa za kibiashara na inaweza kuwa chanzo muhimu cha ajira na kipato kwa vijana.

“Zaidi nawapongeza sana vijana walioshiriki katika upigaji wa picha hizi kwa ubunifu na uwezo wao wa kutumia picha kusimulia uzuri, utamaduni na maisha ya Tanzania. Kazi zao hizi zinaweza kuwa sehemu muhimu ya kutangaza nchi na pia kuwa chanzo cha mapato,” alisema Rais Samia.

Rais Samia pia alieleza kuvutiwa na kazi mbalimbali zilizowasilishwa, zikiwemo picha za pomboo (dolphin) chini ya bahari, wanawake wenye asili ya Pwani wakilima mwani pamoja na mandhari mbalimbali za Zanzibar.

“Picha hizi zimenifurahisha sana kwa sababu zinatangaza mandhari za Zanzibar, utalii, utamaduni, mila na desturi zetu,” alisema.

COCA-COLA KWANZA RECEIVES UN SDG AWARD FOR WATER STEWARDSHIP PROJECT IN TANZANIA

David Chait, General Manager of Coca-Cola Kwanza.

Dar es Salaam, Tanzania – 13 August 2026

Coca-Cola Kwanza has received a United Nations Business Sustainable Development Goals (SDG) Award 2026 from the Global Compact Network Tanzania (GCNT) in recognition of its contribution to advancing SDG 6: Clean Water and Sanitation.

The award recognises a project under the Coca-Cola system’s Africa Water Stewardship Initiative, a nearly USD 25 million investment designed to address critical water-related challenges in local communities across 20 African countries by 2030.

USD 1.94 MILLION INVESTMENT TO RESTORE RUVU BASIN

In Tanzania, the initiative includes a USD 1.94 million investment focused on restoring the Ruvu Basin, a vital water source for Dar es Salaam residents and an important lifeline for communities, farms and businesses across eastern Tanzania.

The project is being implemented through a partnership involving the Coca-Cola system in Tanzania, Global Water Challenge, the International Union for Conservation of Nature (IUCN), and the Wami-Ruvu Basin Water Board.

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.