Foreign Exchange Rates

Absa Loan Campaign_160426

Absa Loan Campaign_160426

CRDB Bank Advert_070325

Saturday, 25 July 2026

NBC DODOMA MARATHON PARTICIPANTS ASSURED OF ROAD SAFETY AS MOTORISTS URGED TO USE ALTERNATIVE ROUTES

National Bank of Commerce (NBC) Head of Communications and Public Relations, Mr. Godwin Semunyu, speaks to journalists on the successful completion of preparations for the NBC Dodoma Marathon, which is scheduled to take place on July 26, 2026, at Jamhuri Stadium in Dodoma.

Police Confirm Comprehensive Security Measures as Organisers Finalise Preparations for Tanzania's Largest Charity Marathon

DODOMA, Tanzania – July 24, 2026 – The Tanzania Police Force has assured participants, spectators and the general public of comprehensive security and traffic management arrangements ahead of the NBC Dodoma Marathon 2026, as organisers confirmed that all preparations for one of the country's largest sporting and charitable events have been successfully completed.

Dodoma Regional Traffic Officer, SSP Yusufu Kamota, addresses journalists on the Tanzania Police Force's preparedness to ensure the safety and security of participants during the NBC Dodoma Marathon.

Scheduled to take place on Sunday, July 26, 2026, at Jamhuri Stadium in Dodoma, this year's marathon is expected to attract more than 13,000 runners from across Tanzania and beyond, reinforcing its position as one of the nation's premier sporting events with a strong social impact.

Police Deploy Extensive Security and Traffic Management Plan

Speaking to journalists in Dodoma, the Head of the Dodoma Regional Traffic Police Unit, SSP Yusufu Kamota, said the Tanzania Police Force has deployed adequate personnel to ensure the safety of marathon participants, spectators and all road users throughout the event.

To minimise congestion within the city, SSP Kamota advised motorists travelling through Dodoma to use the Dodoma Ring Road, allowing marathon activities to proceed without disruption.

"Motorists who do not have essential travel needs within the city on the day of the marathon are encouraged to avoid using their vehicles to help reduce traffic congestion. We also urge all participants to strictly follow the designated race routes and official instructions. Should they encounter any challenges, they should not hesitate to seek assistance from police officers or members of the public," said SSP Kamota.

Dodoma Regional Traffic Officer, SSP Yusufu Kamota (centre), together with National Bank of Commerce (NBC) Head of Communications and Public Relations, Mr. Godwin Semunyu (right), and the bank's Communications and Public Relations Manager, Ms. Brendansia Kileo (left) pose for a group photo during a media brief on the successful completion of preparations for the NBC Dodoma Marathon.

The Police also appealed for public cooperation in ensuring the event is conducted safely and efficiently, noting that close collaboration between security agencies, organisers and the public will be key to the marathon's success.

NBC Confirms Readiness for Participants

NBC Head of Communications and Public Relations, Godwin Semunyu, said the bank, working alongside its partners, has completed all logistical arrangements to ensure participants enjoy a safe, comfortable and memorable marathon experience.

"Our priority is to ensure that every participant receives quality services before, during and after the race. We appreciate the valuable support of our partners in making this event a success," Semunyu said.

Partners Strengthen Participant Experience

Semunyu commended several strategic partners whose support has enhanced preparations for the marathon.

The Tanzania Railways Corporation (TRC) has introduced a special train service departing Dodoma at 7:00 p.m. on race day, providing convenient transport for participants travelling to Morogoro and Dar es Salaam after the event.

VODACOM TANZANIA POSTS TZS47.3 BILLION QUARTERLY PROFIT AS DATA AND M-PESA DRIVE STRONG GROWTH

DAR ES SALAAM, 24 July 2026 – Vodacom Tanzania Plc has kicked off its 2027 financial year with an impressive performance, reporting a net profit after tax of TZS47.3 billion for the quarter ended 30 June 2026, more than tripling the TZS8.5 billion recorded during the same period last year.

The strong financial results were driven by robust growth in the company's data and M-Pesa businesses, reinforcing Vodacom's position as one of Tanzania's leading digital communications and financial services providers.

Service Revenue Climbs 21.7%

Vodacom's service revenue increased by 21.7% year-on-year to TZS510.9 billion, supported by continued demand for mobile data and digital financial services.

The company also posted significant improvements across key profitability indicators:

  • EBITDA increased by 37.0% to TZS197.3 billion, with the EBITDA margin improving by 5.3 percentage pointsto 38.3%.
  • Operating profit surged 174.4% to TZS105.8 billion, benefiting from strong revenue growth and a lower comparative base following last year's temporary Radio Access Network (RAN) modernisation costs.
  • Operating free cash flow recovered strongly, recording a positive TZS18.0 billion, compared to an outflow of TZS13.8 billion during the corresponding quarter last year.

Continued Investment in Network Expansion

Vodacom nearly doubled its capital investment during the quarter, with capital expenditure rising 94.6% to TZS123.2 billion.

The investment supports the ongoing rollout of broadband infrastructure, expansion of network coverage and the company's nationwide Radio Access Network (RAN) modernisation programme aimed at improving service quality and customer experience.

Customer Growth Remains Strong

The company's commercial performance remained robust across all major customer segments.

Vodacom's total customer base grew by 21.6% to 28.6 million customers, while:

  • M-Pesa customers increased by 15.5%
  • Data customers grew by 16.0%
  • Smartphone users rose by 23.0%

Friday, 24 July 2026

AIRTEL AFRICA Q1 REVENUE SURGES TO $1.85 BILLION AS DATA AND MOBILE MONEY DRIVE GROWTH

July 24, 2026 – Airtel Africa has delivered a strong start to its 2026/27 financial year, reporting a 31 percent increase in first-quarter revenue to US$1.853 billion, driven by sustained demand for mobile data, digital financial services, and continued investment in network expansion across its 14 African markets, including Tanzania.

The telecommunications and digital services provider also recorded a 27 percent increase in profit after tax, reaching US$198 million for the quarter ended June 30, 2026, compared to the same period last year. Revenue in constant currency grew by 21.1 percent, reflecting broad-based growth across voice, data and mobile money services.

Customer Growth Continues

Airtel Africa's customer base expanded by 11.6 percent to 189 million subscribers, while data customers increased by 15.5 percent to 87.3 million. Mobile money users also recorded robust growth, rising 23.3 percent to 56.5 million, highlighting the continued adoption of digital financial services across the continent.

The company attributed the strong performance to increasing smartphone adoption and higher customer engagement with digital services. Smartphone penetration reached 51 percent, while average monthly data usage per customer climbed from 7.8GB to 10.6GB, resulting in a 56.3 percent increase in overall data traffic over the past year.

Airtel Money Maintains Strong Momentum

Digital financial services remained one of Airtel Africa's fastest-growing business segments during the quarter.

The company reported that the annualised transaction value processed through Airtel Money exceeded US$245 billion, representing a 51.5 percent increase compared to the previous year. Revenue from mobile money services rose by 38.9 percent to US$404 million, underscoring the growing importance of financial technology within the group's overall business strategy.

Network Investment Supports Future Growth

To meet rising customer demand, Airtel Africa significantly accelerated capital expenditure during the quarter, investing US$389 million in network expansion.

VODACOM YAPATA FAIDA YA TZS BILIONI 47.3 KATIKA ROBO YA KWANZA, DATA NA M-PESA ZAENDELEA KUCHOCHEA UKUAJI

Afisa Mtendaji Mkuu wa Vodacom Tanzania Plc, Philip Besiimire.

Dar es Salaam, Julai 24, 2026 – Kampuni ya Teknolojia na Mawasiliano, Vodacom Tanzania Plc, imeanza mwaka wake wa fedha wa 2027 kwa matokeo yenye mafanikio makubwa, ikitangaza faida baada ya kodi ya TZS bilioni 47.3 katika robo ya mwaka iliyoishia Juni 30, 2026. Hii ni zaidi ya mara tatu ya faida ya TZS bilioni 8.5 iliyorekodiwa katika kipindi kama hicho mwaka uliopita, ikiwa ni ukuaji wa zaidi ya asilimia 200.

Matokeo hayo yamechochewa kwa kiasi kikubwa na ukuaji imara wa huduma za Data na M-Pesa, ambazo zimeendelea kuwa nguzo kuu za mapato ya kampuni. Kwa ujumla, mapato yaliongezeka kwa asilimia 21.7 na kufikia TZS bilioni 510.9, yakionesha mafanikio ya mkakati wa Vodacom wa kuwekeza katika huduma za kidijitali na upanuzi wa mtandao.

EBITDA Yaongezeka kwa Asilimia 37

Katika kipindi hicho, Faida Kabla ya Riba, Kodi, Uchakavu wa Mali na Upunguaji wa Thamani ya Mali Zisizoonekana (EBITDA) iliongezeka kwa asilimia 37.0 na kufikia TZS bilioni 197.3. Aidha, kiwango cha faida (EBITDA Margin) kilipanda hadi asilimia 38.3, kutoka asilimia 35.3 mwaka uliopita, kikichangiwa na ukuaji wa mapato pamoja na kuimarika kwa ufanisi wa shughuli za kampuni.

Faida ya uendeshaji wa huduma nayo iliongezeka kwa asilimia 174.4 na kufikia TZS bilioni 105.8, licha ya kampuni kubeba gharama za muda zilizotokana na maboresho makubwa ya miundombinu ya mtandao wake.

Uwekezaji Mkubwa Katika Mtandao

Vodacom iliendelea kuwekeza kwa kiwango kikubwa katika kuboresha huduma zake, ambapo matumizi ya mtaji (Capital Expenditure) yaliongezeka kwa asilimia 94.6 na kufikia TZS bilioni 123.2, yakielekezwa katika maboresho ya mtandao wa Radio Access Network (RAN) pamoja na upanuzi wa huduma za intaneti yenye kasi (Broadband).

Sambamba na hilo, mtiririko wa fedha kutoka shughuli za uendeshaji uligeuka kuwa chanya na kufikia ziada ya TZS bilioni 18.0, tofauti na matumizi ya fedha ya TZS bilioni 13.8 yaliyorekodiwa katika robo ya kwanza ya mwaka uliopita.

Idadi ya Wateja Yafikia Milioni 28.6

Ukuaji wa biashara uliendelea kuonekana katika msingi wa wateja, ambapo idadi ya wateja iliongezeka kwa asilimia 21.6 na kufikia milioni 28.6.

Kwa upande wa huduma mbalimbali:

  • Wateja wa M-Pesa waliongezeka kwa asilimia 15.5.
  • Wateja wa huduma za Data waliongezeka kwa asilimia 16.0.
  • Watumiaji wa simu janja waliongezeka kwa asilimia 23.0, wakichochewa na uwekezaji katika mtandao wa kasi na upatikanaji wa simu za kisasa kwa gharama nafuu.

DSE MARKET CAPITALISATION SURGES 79% TO TZS 35.2 TRILLION AS TRADING ACTIVITY DRIVES STRONG H1 2026 PERFORMANCE

Dar es Salaam Stock Exchange (DSE) Chief Executive Officer, Mr. Peter Nalitolela (centre), addresses journalists during a media briefing on the performance of Tanzania's capital market for the second quarter and first half of 2026, alongside DSE Chief Financial Officer, Mr. Lucas Sinkala (right), and Central Depository and Registry Company (CSDR) Chief Executive Officer, Mr. Benitho Kyando (left), at the DSE headquarters in Dar es Salaam. The briefing highlighted strong growth in market capitalisation, trading activity, new securities listings, and DSE Plc's financial performance during the period.

Dar es Salaam, July 24, 2026 – Tanzania's capital market continued its remarkable growth trajectory during the first half of 2026, with the Dar es Salaam Stock Exchange (DSE) recording significant gains across key market indicators, including market capitalisation, trading activity, new securities listings, and corporate profitability.

Speaking during a media briefing in Dar es Salaam, DSE Chief Executive Officer Peter Situmbeko Nalitolela, alongside Chief Financial Officer Lucas Sinkala, highlighted the Exchange's robust market performance for the second quarter of 2026 and the strong financial results of DSE Plc.

Market Capitalisation Climbs to TZS 35.18 Trillion

The total market capitalisation of the 28 companies listed on the DSE reached TZS 35.175 trillion as of 30 June 2026, representing an impressive 79.11 percent increase compared to TZS 19.639 trillion recorded during the same period in 2025.

Domestic listed companies delivered even stronger growth, with their combined market capitalisation rising by 84.85 percent to TZS 23.744 trillion from TZS 12.845 trillion a year earlier.

NMB Bank Plc remained Tanzania's most valuable listed company, with a market capitalisation of TZS 8.105 trillion, followed by CRDB Bank Plc at TZS 6.869 trillion.

Banking Sector Powers Stock Market Rally

The exchange's benchmark indices posted exceptional year-on-year gains, reflecting increased investor confidence and improved corporate performance.

The DSE All Share Index (DSEI) rose 72.0 percent to 4,048.80 points, while the Tanzania Share Index (TSI) surged 80.88 percent to 8,777.10 points.

NMB YAWEKEZA SHILINGI BILIONI 224 KATIKA MKOPO WA PAMOJA KWA MGODI WA DHAHABU WA GEITA

Mkurugenzi Mtendaji na Afisa Mtendaji Mkuu wa Benki ya NMB, Bi. Ruth Zaipuna.

Benki ya NMB imewekeza takribani dola za Marekani milioni 100, sawa na Shilingi bilioni 224, katika mkopo wa pamoja wenye thamani ya dola za Marekani milioni 500 kwa ajili ya Mgodi wa Dhahabu wa Geita. Mkopo huo, ulioratibiwa na Nedbank Corporate and Investment Banking kwa niaba ya AngloGold Ashanti, unaifanya NMB kuwa benki kubwa zaidi kutoka Tanzania kushiriki katika muamala huo wa kimataifa.

Ushiriki wa NMB katika mkopo huo unaonesha uwezo unaoongezeka wa taasisi za fedha za ndani kuhamasisha mitaji kwa ajili ya uwekezaji mkubwa wa kimkakati. Fedha hizo zinatarajiwa kusaidia kuendeleza shughuli za uzalishaji katika mgodi huo, kuongeza mauzo ya dhahabu nje ya nchi, kuchochea ajira, kuimarisha ununuzi kutoka kwa wazabuni wa ndani na kuongeza mapato ya fedha za kigeni kwa Taifa.

Mkurugenzi Mtendaji na Afisa Mtendaji Mkuu wa Benki ya NMBBi. Ruth Zaipuna, amesema muamala huo ni uthibitisho wa utekelezaji wa Agenda 2030 ya benki kwa vitendo. Amesema NMB itaendelea kutumia mtaji wake, utaalamu na ushirikiano wa kimkakati kuelekeza fedha katika sekta zenye uwezo mkubwa wa kuchochea ukuaji endelevu wa uchumi wa Tanzania.

Hadi sasa, Benki ya NMB imetoa mikopo yenye thamani ya takribani Shilingi bilioni 400 kwa sekta ya madini, hatua inayoendelea kuimarisha mchango wa sekta hiyo katika maendeleo ya uchumi wa nchi.

Uwekezaji huo pia unaunga mkono utekelezaji wa Dira ya Taifa ya Maendeleo 2050 kwa kuimarisha mchango wa sekta binafsi, kuongeza mauzo ya nje, kukuza maendeleo ya viwanda, kuunda ajira na kuongeza ushiriki wa biashara za ndani katika mnyororo wa thamani wa sekta ya madini.

TANZANIA COURTS GLOBAL INVESTORS AT LONDON STRATEGIC INVESTMENT FORUM

Hon. Ambassador Khamis Mussa Omar (MP), Minister for Finance, addresses delegates during the Tanzania Strategic Investment and Partnership Forum, which brought together senior executives from leading global financial institutions, insurance companies and risk management firms. The forum was organised by the Ministry of Finance in collaboration with Standard Bank in London, United Kingdom.

LONDON, United Kingdom; July 23, 2026 — Tanzania has reaffirmed its commitment to attracting international investment, with the Government inviting global investors to explore opportunities across key sectors including infrastructure, energy, manufacturing, agriculture, mining and financial services.

The call was made by the Minister for Finance, Hon. Ambassador Khamis Mussa Omar (MP) while leading the Tanzanian delegation at the Tanzania Strategic Investment and Partnership Forum in London. The high-level forum brought together executives from leading international financial institutions, insurance companies and risk management firms, and was organised by Tanzania's Ministry of Finance in collaboration with Standard Bank UK.

Addressing the gathering, Ambassador Omar highlighted Tanzania's investor-friendly environment, underpinned by ongoing economic reforms, competitive tax incentives and a strong commitment to private sector-led growth. He noted that these initiatives are central to the implementation of the Tanzania Development Vision 2050, which targets transforming the country into a US$1 trillion economy by 2050, with approximately 70 percent of the required investment expected to come from the private sector.

Strong Economic Fundamentals

Presenting Tanzania's economic outlook under Vision 2050, Ambassador Omar said the country's economy expanded by 5.9 percent in 2025, up from 5.5 percent in 2024, while inflation remained below 5 percent, among the lowest levels in Africa.

He further noted that the budget deficit has narrowed to 3.1 percent of GDP, with 74.2 percent of the national budget now financed through domestic revenues, reflecting improved fiscal sustainability. Tanzania's public debt, he added, continues to be assessed as sustainable by the International Monetary Fund (IMF).

Standard Bank Reaffirms Confidence in Tanzania

Speaking during the forum, Ian Carson, Deputy Chief Executive Officer of Standard Bank Europe, reaffirmed the bank's commitment to connecting Africa with global capital markets.

He described Tanzania as one of Africa's most attractive destinations for long-term investment, citing its strong macroeconomic performance, strategic location and growing investment opportunities.

Tanzania Strengthens Investor Engagement

Tanzania's Ambassador to the United Kingdom, Ambassador Mbelwa Kairuki, said the Government remains committed to maintaining regular engagement with the international investment community.

He noted that Tanzania continues to implement a comprehensive economic reform agenda focused on sound macroeconomic management, structural reforms and increased private sector participation.

"We welcome sustained partnerships with international investors as we work together to achieve inclusive and sustainable economic growth," Ambassador Kairuki said.

LNG, SGR and Strategic Infrastructure Draw Investor Interest

During the interactive session, investors sought updates on Tanzania's proposed US$42 billion Liquefied Natural Gas (LNG) project.

Responding to the questions, Ambassador Omar explained that negotiations have reached an advanced stage, with the remaining issues relating to internal processes among the commercial partners. He reaffirmed the Government's readiness to proceed once those processes are concluded.

Participants also expressed strong interest in Tanzania's Standard Gauge Railway (SGR), the ports of Dar es Salaam, Tanga and Mtwara, and the country's regional trade corridors.

Government representatives confirmed that by 2030/31, nearly 2,000 kilometres of the SGR network are expected to be completed, significantly strengthening Tanzania's position as East Africa's leading trade and logistics gateway.

Thursday, 23 July 2026

ZANZIBAR'S SECOND VICE PRESIDENT UNVEILS STANBIC-FUNDED EARLY CHILDHOOD CENTRE IN MWANAKWEREKWE

Second Vice President of Zanzibar, H.E. Hemed Suleiman Abdulla, representing H.E. Dr. Hussein Ali Mwinyi, President of Zanzibar and Chairman of the Revolutionary Council, joined by Anna Athanas Maalim, Zanzibar's Minister for Community Development, Gender, Elderly and Children; Saada Mkuya Salum, Minister of State in the President's Office – State House, Revolutionary Government of Zanzibar; and Derick Lugemala, Stanbic Bank Tanzania's Chief Financial and Value Officer, officially cuts the ribbon to inaugurate the Dr. Hussein Ali Mwinyi Childcare Centre in Mwanakwerekwe, marking a significant milestone in expanding access to quality early childhood care and education in Zanzibar.

Stanbic Bank's TZS 500 Million Commitment Strengthens Early Childhood Development and Economic Inclusion in Zanzibar

ZANZIBAR, Tanzania – July 22, 2026 – Zanzibar's Second Vice President, Hemed Suleiman Abdulla, representing President Dr Hussein Ali Mwinyi, has officially inaugurated the Mwanakwerekwe Early Childhood Development (ECD) Centre, a landmark facility funded by Stanbic Bank Tanzania to provide safe childcare and quality early learning services for children of traders and workers at Mwanakwerekwe Market and surrounding communities.

The new centre marks a significant milestone in Zanzibar's efforts to expand access to quality early childhood development services while supporting working families, particularly women engaged in the informal economy.

The facility was established through a strategic partnership between the Revolutionary Government of ZanzibarStanbic Bank Tanzania, and Save the Children International, demonstrating the impact of public-private collaboration in promoting inclusive socio-economic development.

Supporting Working Families Through Early Childhood Development

The Mwanakwerekwe ECD Centre has been financed through the first TZS 350 million disbursement of Stanbic Bank Tanzania's TZS 500 million commitment to the Government's Adopt an ECD Initiative, reinforcing the bank's long-term investment in Zanzibar's social and economic development.

Strategically located within the busy Mwanakwerekwe Market, the facility has been designed to meet the needs of working parents by offering integrated services that include:

  • Safe childcare
  • Early learning programmes
  • Nutrition support
  • Basic healthcare services
  • Child protection

The centre has the capacity to accommodate up to 60 children each day, allowing parents—especially women traders—to engage more productively in income-generating activities with the assurance that their children are receiving quality care in a secure environment.

Government Applauds Stanbic's Investment

Speaking during the inauguration ceremony, Second Vice President Hemed Suleiman Abdulla praised Stanbic Bank Tanzania for making a meaningful contribution to Zanzibar's development and encouraged other financial institutions to support similar initiatives.

"We commend Stanbic Bank for this strategic investment and its continued support for socio-economic development, not only in Zanzibar but across Tanzania. I call upon other banks and financial institutions to emulate this commendable contribution to nation-building," he said.

PUMA ENERGY TANZANIA OPENS 100ᵀᴴ SERVICE STATION, EXPANDS FOOTPRINT INTO TABORA

Tabora District Commissioner, Hon. Upendo Wella (centre), cuts the ribbon to officially inaugurate Puma Energy Tanzania’s 100th retail service station in the country, located in Usule, Tabora Region. The inauguration ceremony, held on 22 July 2026, was attended by several leaders, including Tabora Municipal Mayor, Hon. Gulam Dewji (left); Puma Energy Tanzania Managing Director, Ms. Fatma Abdallah (second left); Tabora District Administrative Secretary, Ms. Asha Churu (second right); and the station owner, Mr. Kishimba Kibera (right).

Strategic investment boosts nationwide fuel access while reinforcing education, youth development and environmental sustainability

TABORA, Tanzania – July 22, 2026 – Puma Energy Tanzania has reached a major milestone in its nationwide growth strategy with the official opening of its 100th retail service station, marking the company's first-ever presence in the Tabora Region and reinforcing its commitment to supporting Tanzania's economic transformation.

The new service station was officially inaugurated by Tabora District Commissioner, Hon. Upendo Wella, in the presence of regional and local government officials, community leaders, customers and Puma Energy Tanzania's senior management.

The landmark investment reflects Puma Energy Tanzania's continued expansion across the country, aimed at improving access to safe, reliable and high-quality fuel while supporting business growth, transport and regional development.

Strategically located in Tabora—one of Tanzania's rapidly growing centres for agriculture, commerce and logistics—the new station is expected to enhance fuel accessibility for transporters, businesses and residents, while creating new employment opportunities for the local community.

A Milestone Beyond Business

Speaking during the launch, Puma Energy Tanzania Managing Director, Ms. Fatma Abdallah, described the opening as more than just another retail outlet, saying it reflects the company's enduring partnership with Tanzania and confidence in the country's future.

"Reaching our 100th service station is about far more than expanding our network. It reflects our long-standing partnership with Tanzania, the trust our customers have placed in us and our belief that access to reliable fuel enables opportunity."

She noted that every investment made by the company strengthens infrastructure that supports businesses, connects communities and contributes to Tanzania's long-term economic growth.

TANZANIA SEEKS GLOBAL CAPITAL AS FINANCE MINISTER LEADS HIGH-LEVEL INVESTMENT MISSION TO LONDON

LONDON, United Kingdom, July 21, 2026 — Tanzania has stepped up its engagement with international capital markets as the Minister of Finance, Hon. Ambassador Khamis Mussa Omar (MP), commenced a six-day official working visit to London aimed at attracting long-term investment and strengthening the country's position in global financial markets.

A key highlight of the visit will be the Minister serving as the Guest of Honour at the launch of the first offshore Tanzanian Shilling-denominated bond issued by the International Finance Corporation (IFC) and listed on the London Stock Exchange (LSE).

The landmark bond is expected to broaden investment opportunities in Tanzania while attracting a new class of international institutional investors interested in supporting the country's long-term economic development agenda.

Upon his arrival at Heathrow International Airport, Hon. Omar was welcomed by Tanzania's High Commissioner to the United Kingdom, Ambassador Mbelwa Kairuki. Later, the Finance Minister visited the Tanzanian High Commission in London, where he received a briefing on the Embassy's activities and held discussions on the strategic priorities of the visit.

The official mission, running from July 21 to July 26, 2026, is designed to deepen Tanzania's participation in international financial markets, mobilise long-term capital, and reinforce the country's reputation as one of Africa's most attractive investment destinations.

During the visit, Hon. Omar is expected to engage with global asset managers, sovereign investors, development finance institutions and commercial banks to showcase investment opportunities across key sectors, including infrastructure, energy, manufacturing, agriculture, mining and financial services.

The programme also includes bilateral meetings with major international financial institutions and development partners, including the World Bank, the International Finance Corporation (IFC)Standard Bank, and representatives of the London Stock Exchange. Discussions will focus on Tanzania's economic outlook, the National Development Vision 2050, and the implementation of the Fourth Five-Year Development Plan (FYDP IV).

Wednesday, 22 July 2026

WAZIRI MKUU MWIGULU NCHEMBA KUONGOZA WASHIRIKI 13,000 NBC DODOMA MARATHON 2026

Mkuu wa Mkoa wa Dodoma, Bi. Rosemary Senyamule (katikati) akipokea sweta maalum la mbio za NBC Dodoma Marathon kutoka kwa waandaaji na wadhamini wa mbio za NBC Dodoma Marathon ikiwa ni ishara ya kukamilisha maandalizi ya mbio pamoja na kumkaribisha rasmi mkuu wa mkoa huyo kwenye mbio hizo zinazotarajiwa kufanyika Julai 26 mwaka huu kwenye Uwanja wa Jamhuri jijini Dodoma. Kulia ni Mkuu wa Kitengo cha Mawasiliano na Mahusiano ya Umma wa Benki ya NBC, Godwin Semunyu, Kaimu Katibu Tawala wa Mkoa wa Dodoma, Bi. Mwajabu Nyamkumora (wa pili kulia) Mkuu wa Masoko na Uwezeshaji Vodacom Tanzania, Bw. Joseph Sayi (kushoto) na Meneja Masoko wa GSM Group, Bi. Neema Loth. Hafla ya makabidhiano hayo imefanyika leo kwenye ofisi ya Mkuu wa mkoa Dodoma.

DODOMA, Julai 22, 2026: Waziri Mkuu wa Jamhuri ya Muungano wa Tanzania, Mhe. Mwigulu Lameck Nchemba (Mb.), anatarajiwa kuongoza zaidi ya washiriki 13,000 katika msimu wa saba wa NBC Dodoma Marathon, utakaofanyika Julai 26, 2026 katika Uwanja wa Jamhuri, jijini Dodoma.

Wakati maandalizi ya mbio hizo yakifikia tamati, Mkuu wa Mkoa wa Dodoma, Bi. Rosemary Senyamule, ametoa wito kwa madereva kutumia Barabara ya Mzunguko (Ring Road) siku ya mbio hizo ili kupunguza msongamano wa magari katikati ya jiji na kuhakikisha usalama wa washiriki pamoja na watumiaji wengine wa barabara.

Akizungumza wakati akipokea jezi rasmi ya NBC Dodoma Marathon kutoka kwa waandaaji, Benki ya Taifa ya Biashara (NBC), Bi. Senyamule alisema maandalizi ya mbio hizo yamekamilika kwa mafanikio na sasa Dodoma ipo tayari kupokea maelfu ya washiriki na wageni kutoka sehemu mbalimbali nchini.

RC Dodoma Awataka Wananchi Kushiriki na Kutoa Ushirikiano

Bi. Senyamule aliwataka wakazi wa Dodoma kujitokeza kwa wingi kandokando ya barabara kuwapa hamasa washiriki wa mbio hizo, huku akiwashauri wananchi ambao hawana ulazima wa kutumia magari yao siku hiyo kujiepusha kuyaingiza katikati ya jiji.

Aidha, aliwasihi wasafiri wanaotoka mikoa mbalimbali kutumia Ring Road ili kurahisisha mtiririko wa magari na kuhakikisha mbio zinafanyika kwa utulivu na usalama.

"Tunawaomba wananchi wajitokeze kwa wingi kuwashangilia washiriki wa mbio hizi. Kwa wale ambao hawana ulazima wa kutumia magari yao siku hiyo, ni vyema wakaepuka kuyaingiza katikati ya jiji ili kupunguza msongamano na kuhakikisha usalama wa washiriki pamoja na watumiaji wengine wa barabara," alisema.

Hafla ya kukabidhi jezi hiyo ilifanyika katika Ofisi ya Mkuu wa Mkoa wa Dodoma na kuhudhuriwa na viongozi mbalimbali wa Serikali, akiwemo Kaimu Katibu Tawala wa Mkoa, Bi. Mwajabu Nyamkumora, viongozi wa NBC wakiongozwa na Mkuu wa Idara ya Mawasiliano na Mahusiano ya Umma, Bw. Godwin Semunyu, pamoja na wawakilishi wa wadhamini wa mbio hizo kutoka GSM Group na Vodacom Tanzania.

Mbio za Viwango vya Kimataifa Zenye Zawadi Kubwa

Bi. Senyamule aliipongeza NBC Bank na wadau wake kwa kuandaa mbio hizo kwa viwango vya kimataifa, akisema zimeendelea kuiweka Dodoma kwenye ramani ya matukio makubwa ya michezo nchini sambamba na kuimarisha hadhi yake kama Makao Makuu ya Tanzania.

Mbio za mwaka huu zitahusisha umbali wa kilomita 5, 10, 21 na 42, huku washindi wa kwanza wa mbio za kilomita 42 kwa upande wa wanaume na wanawake kila mmoja akitarajiwa kujishindia Shilingi milioni 11.5, pamoja na bonasi ya Shilingi milioni 5 iwapo atavunja rekodi ya mwaka uliopita.

Mbio Zinazoleta Mabadiliko Kwenye Sekta ya Afya

Mbali na ushindani wa michezo, Bi. Senyamule alisema NBC Dodoma Marathon imeendelea kuwa chombo muhimu cha kuunga mkono huduma za afya kupitia ajenda zake kuu tatu ambazo ni:

  • Kuchangisha fedha za kupunguza vifo vya kina mama na watoto wakati wa kujifungua.
  • Kufadhili upasuaji wa watoto wenye matatizo ya moyo.
  • Kuimarisha mfuko wa huduma za upandikizaji wa uloto kwa watoto wenye ugonjwa wa selimundu (Sickle Cell).

NMB COMMITS TZS 224 BILLION TO GEITA GOLD MINE, ADVANCING AGENDA 2030 AND TANZANIA DEVELOPMENT VISION 2050

NMB Managing Director & Chief Executive Officer, Ruth Zaipuna.

DAR ES SALAAM, Tanzania; July 21, 2026 – NMB Bank Plc has taken another significant step in implementing its ambitious Medium-Term Strategic Plan 2026–2030 (Agenda 2030) by committing approximately USD 100 million (TZS 224 billion) to a landmark USD 500 million syndicated financing facility arranged by Nedbank Corporate and Investment Banking for AngloGold Ashanti's Geita Gold Mine.

The commitment positions NMB as the largest Tanzanian bank participating in the transaction, underscoring the bank's growing financial strength and its ability to mobilise substantial domestic capital for investments that drive Tanzania's long-term economic transformation.

The financing marks another milestone in NMB's journey to become a leading catalyst for national development, while strengthening its position as one of the country's foremost financiers of strategic productive sectors.

Supporting Agenda 2030 and Vision 2050

Mining has been identified as one of the priority sectors under NMB's Agenda 2030, reflecting the industry's critical contribution to economic growth, export earnings and industrial development.

By supporting one of Tanzania's largest and most productive gold mining operations, the bank is helping to strengthen foreign exchange earnings, create employment opportunities, expand local supplier participation and enhance the country's industrial competitiveness.

The investment also aligns closely with the aspirations of Tanzania Development Vision 2050, which seeks to accelerate private sector-led growth, industrialisation, export expansion and increased local participation in strategic industries.

Financing One of Africa's Leading Gold Producers

As one of Tanzania's flagship mining operations and among Africa's leading gold producers, Geita Gold Mine continues to play a vital role in the country's economy.

The syndicated financing facility will support AngloGold Ashanti's continued investment in the mine, helping sustain gold production, exports, local procurement, employment creation and long-term economic value for Tanzania.

NMB: Deploying Capital Where It Matters Most

Commenting on the landmark transaction, NMB Bank Plc Managing Director and Chief Executive Officer, Ruth Zaipuna, said the financing demonstrates the bank's commitment to directing capital into sectors capable of transforming Tanzania's economy.

"This transaction demonstrates NMB's ability to participate in sophisticated, large-scale financing alongside leading regional and international financial institutions while ensuring Tanzanian capital plays a meaningful role in financing nationally strategic investments. It is Agenda 2030 in action, deploying our balance sheet, expertise and partnerships to accelerate sustainable economic growth and long-term national prosperity."

Tuesday, 21 July 2026

ABSA BANK STRENGTHENS CORPORATE CLIENT PARTNERSHIPS THROUGH NETWORKING BREAKFAST

Absa Bank Tanzania Managing Director, Obedi Laiser (right), listens to the Chief Executive Officer of ASA Microfinance, Muhammed Shah Newaj, during a networking event hosted by the bank for its Corporate and Investment Banking (CIB) clients in Dar es Salaam as part of efforts to strengthen business relationships. Looking on (centre) is Absa Bank Tanzania Director of Global Markets, Irene Rwegalulira. The event also brought together clients and senior Corporate and Investment Banking executives from Absa Group, South Africa, who are in Tanzania on a working visit.
Absa Group Chief Executive Officer for Corporate and Investment Banking (CIB), Zaid Moola (second right), engages with Absa Bank Tanzania’s Corporate and Investment Banking (CIB) clients during a networking event held in Dar es Salaam. The event was organized by Absa Bank Tanzania as part of its ongoing commitment to strengthening relationships with its corporate clients.

DAR ES SALAAM; July 21, 2026 – Absa Bank Tanzania has reaffirmed its commitment to deepening relationships with its Corporate and Investment Banking (CIB) clients by hosting a networking breakfast that brought together business leaders, senior executives and key corporate partners for meaningful engagement and collaboration.

The breakfast meeting, held in Dar es Salaam, provided a valuable platform for open dialogue on business growth opportunities, emerging market trends and the evolving economic landscape shaping Tanzania's corporate sector. The event also reinforced Absa's client-centric approach, creating an opportunity for executives and customers to exchange ideas and explore strategies for sustainable business growth.

Absa Group Chief Executive Officer for Corporate and Investment Banking (CIB), Zaid Moola, delivers his remarks during the CIB customer networking event held in Dar es Salaam.

Addressing the gathering, Absa Bank Tanzania Managing Director, Obedi Laiser, highlighted the bank's comprehensive portfolio of financial solutions designed to support businesses across various sectors of the economy. He emphasized Absa's commitment to delivering tailored banking services that address the evolving needs of corporate clients while enabling them to seize new opportunities in an increasingly competitive market.

The event also introduced senior executives from Absa Group's Corporate and Investment Banking division, led by Chief Executive Officer, Zaid Moola, who interacted directly with clients during their working visit to Tanzania. The engagement provided corporate customers with an opportunity to connect with the Group's leadership team, discuss strategic priorities and gain insights into Absa's regional capabilities.

TANZANIA FINANCE MINISTER COMMENDS NMB BANK FOR DRIVING ECONOMIC GROWTH & FINANCIAL INCLUSION

Tanzania's Minister of Finance, Hon. Khamis Mussa Omar (MP), bids farewell to NMB Bank Managing Director and Chief Executive Officer, Ruth Zaipuna, after a meeting on enhancing collaboration, held at the Ministry of Finance's Sub-Office in Dar es Salaam.

Government Commends NMB's Role in Revenue Collection, Financial Inclusion and Digital Innovation

DAR ES SALAAM; July 20, 2026 – Tanzania's Minister of Finance, Hon. Khamis Mussa Omar (MP), has commended NMB Bank Plc for its significant contribution to the country's economic development through efficient government revenue collection and the provision of innovative financial services that continue to improve the lives of Tanzanians.

The Minister made the remarks during a meeting with an NMB delegation led by the bank's Managing Director and Chief Executive Officer, Ruth Zaipuna, at the Ministry of Finance's offices in Dar es Salaam.

Hon. Omar described NMB as one of the Government's most reliable strategic partners, noting that the bank has consistently delivered strong performance while supporting national development priorities.

"Overall, you have done an excellent job, including your dividend performance. We believe the Government will continue working closely with NMB in various areas, including tax collection and the provision of other financial services," said Hon. Omar.

 

He expressed confidence that the partnership between the Government and NMB will deliver even greater results in 2026, particularly in supporting economic growth, strengthening public financial management and expanding access to quality financial services.

A Trusted Partner in National Development

The Finance Minister further praised NMB for the successful implementation of its new five-year Strategic Plan, expressing optimism that the bank will continue expanding its footprint, introducing innovative products and reinforcing its position as one of Tanzania's leading financial institutions.

He noted that NMB's close collaboration with the Government creates additional opportunities to support public institutions and finance strategic development projects that contribute to the country's long-term economic transformation.

NMB Expands Digital Lending Services

Speaking during the meeting, NMB Bank CEO Ruth Zaipuna highlighted the bank's continued investment in digital financial solutions, announcing the launch of a new digital loan product that allows customers to borrow up to TZS 2 million without visiting a bank branch.

According to Zaipuna, the digital platform automatically assesses a customer's transaction history and determines loan eligibility electronically, making access to financing faster, simpler and more convenient.

Monday, 20 July 2026

PRESIDENT SAMIA TO LAUNCH $2.74 BILLION TABORA-KIGOMA SGR PROJECT, BOOSTING TRADE AND REGIONAL CONNECTIVITY


Modern Railway Set to Transform Western Tanzania into a Strategic Trade and Investment Hub

KIGOMA - 20 July 2026: President Samia Suluhu Hassan is today expected to launch one of Tanzania's most significant transport infrastructure projects by laying the foundation stone for the 506-kilometre Tabora-Kigoma Standard Gauge Railway (SGR), a project valued at US$2.74 billion (approximately TZS 7.12 trillion).

The milestone project is expected to usher in a new era of economic growth across western Tanzania by improving transport efficiency, lowering logistics costs, strengthening regional trade and attracting new investment opportunities.

The foundation stone ceremony forms part of President Samia's one-day working visit to Kigoma Region, where she will also inaugurate four new cargo vessels operating on Lake Tanganyika and inspect the renovated cargo terminal at Kigoma Port, reinforcing the government's commitment to developing an integrated transport network.

A Major Step in Tanzania's Infrastructure Transformation

Speaking to journalists ahead of the visit, Minister for Transport Prof. Makame Mbarawa said the electrified SGR line will significantly improve connectivity between Tanzania's western regions and the Indian Ocean coast.

According to the Minister, the railway will reduce transport costs, improve the competitiveness of businesses, facilitate faster movement of goods and passengers, and unlock new economic opportunities across the country.

The Tabora-Kigoma section represents Lot Six of Tanzania's expanding Standard Gauge Railway network and will connect Kigoma to major commercial centres including Tabora, Shinyanga, Mwanza, Dodoma, Morogoro and Dar es Salaam.

Strengthening Regional Trade

Beyond domestic connectivity, the railway is expected to strengthen Tanzania's position as a regional logistics hub.

Prof. Mbarawa noted that the line will eventually connect with the planned Uvinza-Musongati Railway, linking Tanzania with Burundi and enhancing trade across the Great Lakes Region.

The project will also strengthen railway connections with the Democratic Republic of the Congo (DRC) and, in the longer term, Zambia, further positioning the Port of Dar es Salaam as the preferred gateway for international trade through the Central Corridor.

iTRUST FINANCE BOND SETS NEW CORPORATE RECORD WITH 760.78% OVERSUBSCRIPTION

DAR ES SALAAM; July 9, 2026 – iTrust Finance Limited has made history in Tanzania's capital market after its inaugural corporate bond attracted subscriptions worth TZS 114.12 billion against a target of TZS 15 billion, achieving an impressive 760.78 per cent oversubscription—the highest ever recorded for a corporate bond issuance in the country.

The landmark achievement underscores growing investor confidence in Tanzania's corporate debt market as more companies turn to capital markets to secure long-term financing for business expansion and investment.

The record-breaking performance surpasses the previous corporate bond subscription record of 661.1 per cent, set by First Housing Finance Limited's Makazi Bond.

Strong Vote of Confidence

Speaking during the bond listing ceremony at the Dar es Salaam Stock Exchange (DSE) recently, the Capital Markets and Securities Authority (CMSA) Chief Executive Officer, Nicodemus Mkama, described the iTrust bond as a clear demonstration of how companies can effectively leverage capital markets to mobilise long-term financing.

He said the successful issuance supports the implementation of Tanzania's Development Vision 2050, which aims to strengthen the financial sector's role in mobilising capital for both public and private sector investments while accelerating economic growth.

Retail Investors Lead Participation

According to CMSA, retail investors accounted for 66.66 per cent of total subscriptions, while institutional investors contributed 33.34 per cent.

Domestic investors dominated the offer, representing 98.82 per cent of subscriptions, with foreign investors accounting for the remaining 1.18 per cent.

Since commencing operations in 2021 as Imaan Finance Limited, iTrust Finance has consistently utilised corporate bonds, Sukuk and collective investment schemes to finance its expansion.

The successful listing has increased the value of listed corporate bonds on the DSE by 5.46 per cent, rising to approximately TZS 2.20 trillion from TZS 2.09 trillion.

Digital Investment Channels Drive Success

iTrust Finance Chief Executive Officer Faiz Arab attributed the overwhelming response to investors' confidence in the company's business model and Tanzania's expanding capital market opportunities.

He noted that retail investors accounted for 67 per cent of total subscriptions, with digital investment platforms playing a significant role in broadening participation.

Approximately 58 per cent of applications, valued at around TZS 66 billion, were submitted digitally. The iTrust App alone processed subscriptions worth approximately TZS 54 billion, representing nearly 47 per cent of the total amount raised.

Sunday, 19 July 2026

NMB, MANTRAC WAFUNGUA UFADHILI WA MITAMBO KWA WACHIMBAJI NA WAKANDARASI


Afisa Mkuu wa Wateja Binafsi na Biashara wa NMB, Filbert Mponzi (kushoto), na Mkurugenzi wa Biashara na Uendeshaji wa Mantrac Kanda ya Afrika Mashariki, Levite Dongmo, wakipeana mkono baada ya kubadilishana Hati ya Makubaliano ya Ushirikiano wa ufadhili wa mitambo, jijini Dar es Salaam.

Wachimbaji, Wakandarasi Kunufaika na Mpango Mpya wa Ufadhili wa Mitambo

DAR ES SALAAM – Benki ya NMB Plc na Mantrac Tanzania Limited zimeingia katika ushirikiano wa kimkakati utakaorahisisha upatikanaji wa mikopo ya kununua na kuhudumia mitambo kwa wachimbaji, wakandarasi na wafanyabiashara wanaofanya shughuli katika sekta za madini, ujenzi, miundombinu, nishati na viwanda.

Makubaliano hayo yanachanganya uwezo wa kifedha wa NMB, benki yenye mtandao wa zaidi ya matawi 250 nchini, na uzoefu wa Mantrac Tanzania katika usambazaji wa mitambo ya Caterpillar pamoja na huduma za matengenezo na msaada wa kiufundi, hatua inayotarajiwa kuongeza upatikanaji wa mitaji kwa miradi mikubwa ya maendeleo.

Hati ya Makubaliano ya Ushirikiano ilisainiwa jijini Dar es Salaam na Afisa Mkuu wa Wateja Binafsi na Biashara wa NMB, Filbert Mponzi, pamoja na Mkurugenzi wa Biashara na Uendeshaji wa Mantrac Kanda ya Afrika Mashariki, Levite Dongmo.

Ufadhili wa Mitambo kwa Masharti Rafiki

Kupitia mpango huo, wateja watakaokidhi vigezo vya mkopo wataweza kufadhili ununuzi wa mitambo kwa kuchangia asilimia 20 hadi 25 ya gharama za awali, huku NMB ikiandaa mifumo ya ufadhili na ratiba za marejesho kulingana na mtiririko wa fedha, aina ya biashara na mahitaji ya mradi husika.

Akizungumza wakati wa utiaji saini, Mponzi alisema gharama kubwa za ununuzi wa mitambo zimekuwa changamoto kwa wafanyabiashara wengi wenye miradi yenye tija, lakini wasiokuwa na mtaji wa kutosha.

"Tunapofadhili mitambo, hatufadhili mashine pekee. Tunawezesha ujenzi wa barabara, migodi, viwanda, ajira na uwezo wa Tanzania kujenga mustakabali wake wa kiuchumi," alisema.