PRESIDENT MWINYI INVITES GREATER COLLABORATION BETWEEN BANKS AND GOVERNMENT ON DEVELOPMENT PROJECTS

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (left), presents a token of appreciation to H.E. Dr. Hussein Ali Mwinyi, President of Zanzibar and Chairman of the Revolutionary Council, in recognition of the strong partnership between the Government of Zanzibar and the financial sector, as well as their shared commitment to Zanzibar’s sustainable development. The presentation took place during a courtesy visit by an Absa delegation to the State House in Zanzibar.

Zanzibar, June 24, 2026: The President of Zanzibar and Chairman of the Revolutionary Council, H.E. Dr. Hussein Ali Mwinyi, has underscored the significant opportunities available for local financial institutions to partner with the Revolutionary Government of Zanzibar in financing and implementing key development projects.

The President made the remarks during a meeting held at the State House in Zanzibar with a delegation from Absa Bank Tanzania, led by its Managing Director, Mr. Obeid Laiser, who paid a courtesy visit to discuss areas of mutual cooperation and development.

During the meeting, President Mwinyi emphasized the Government’s readiness to work closely with local banks that demonstrate a strong commitment to supporting national development initiatives, particularly strategic economic and social projects aimed at improving the livelihoods of Zanzibar’s people.

He commended Absa Bank Tanzania for its willingness to collaborate with the Government and contribute to Zanzibar’s development agenda. The President further noted that the Government has strengthened mechanisms for financing development projects by diversifying funding sources beyond the traditional budget framework, a strategy designed to accelerate project implementation and improve efficiency.

“The Government remains committed to working with financial institutions to facilitate the implementation of major development projects through loans and other financing arrangements,” President Mwinyi said.

Absa Reaffirms Commitment to Zanzibar's Growth

Speaking during the meeting, Absa Bank Tanzania Managing Director Mr. Obeid Laiser expressed appreciation to the Revolutionary Government of Zanzibar for its continued partnership with the Bank. He also congratulated President Mwinyi on his leadership, which has contributed to notable progress in Zanzibar’s economic and social development.

Mr. Laiser reaffirmed Absa Bank Tanzania’s commitment to supporting the Government in delivering development projects that create long-term value for both the people and the economy of Zanzibar.

In a statement released following the meeting, Mr. Laiser highlighted Absa’s role as a trusted financial partner in Zanzibar’s development journey.

“We are honoured to have had the opportunity to meet with His Excellency President Hussein Ali Mwinyi and discuss Zanzibar’s remarkable development journey. As a trusted financial partner, Absa remains committed to supporting the aspirations of the people of Zanzibar through access to finance, investment facilitation, entrepreneurship development, and innovative banking solutions that contribute to sustainable economic growth,” he said.

Absa’s Growing Footprint in Zanzibar

Mr. Laiser noted that Absa Bank Tanzania currently serves more than 11,000 customers in Zanzibar, manages deposits exceeding TZS 136 billion, and has extended more than TZS 64 billion in financing to individuals, small and medium-sized enterprises (SMEs), and corporate clients operating across key sectors of the economy.

These sectors include tourism, hospitality, trade, and commerce, which continue to play a critical role in Zanzibar’s economic growth and job creation.

KCB BANK’S MAPATO SUKUK LISTED ON DSE AFTER ATTRACTING TZS 30.24 BILLION IN INVESTOR DEMAND

Dar es Salaam, Tanzania – June 24, 2026 – KCB Bank Tanzania has achieved another significant milestone in the country’s capital markets following the successful listing of its Mapato Sukuk on the Dar es Salaam Stock Exchange (DSE), after attracting investor demand worth TZS 30.24 billion, more than three times its original fundraising target.

The listing ceremony, held at the DSE headquarters in Dar es Salaam, brought together key stakeholders from Tanzania’s financial sector, including representatives from the Capital Markets and Securities Authority (CMSA), Dar es Salaam Stock Exchange (DSE), investors, and other market participants.

Launched in April 2026 with an initial target of TZS 10 billion, the three-year Mapato Sukuk received investment applications totaling TZS 30.24 billion, representing an impressive 302 percent oversubscription rate. The strong response underscores growing investor confidence in Shariah-compliant investment products and highlights increasing demand for ethical and inclusive financial solutions.

Speaking during the listing ceremony on behalf of KCB Bank Tanzania Managing Director, Amour Muro described the achievement as a reflection of the growing maturity of Tanzania’s capital markets and the rising appetite for innovative investment instruments.

“The success of Mapato Sukuk sends a clear message that investors are increasingly seeking transparent, reliable, and Shariah-compliant investment opportunities. The remarkable response from both local and international investors demonstrates confidence in innovative financial solutions that promote financial inclusion and sustainable growth,” he said.

Building on a Strong Foundation

KCB Bank made history in 2022 when it introduced Fursa Sukuk, becoming the first institution to issue a Shariah-compliant Sukuk in Tanzania and the wider East African region. The success of that pioneering issuance laid the groundwork for continued innovation in Islamic finance and capital market development.

The newly listed Mapato Sukuk offers an expected annual return of 11 percent, with profit distributions paid on a quarterly basis. The investment vehicle has been designed to provide investors with a stable, competitive, and ethical investment opportunity while supporting productive sectors of the economy.

HOW NCBA IS EMPOWERING AMBITIONS FROM JUNIOR GOLF TO EAST AFRICAN CHAMPIONS

As the first tournament of the 2026 NCBA Golf Series tees off on 27 June, it marks more than the beginning of another golfing season. It signals the continuation of a platform that has evolved into one of East Africa's most impactful sporting and business networking initiatives.

For NCBA, golf is more than a sport. It is a platform that brings together ambition, opportunity, relationships, and shared success—values that closely align with the bank's philosophy of "Banking on Belief. Empowering Ambitions."

Over the years, the NCBA Golf Series has grown beyond competition to become a regional platform that connects golfers, business leaders, entrepreneurs, and professionals across East Africa. Through a series of qualifying tournaments held throughout the year, players earn the opportunity to represent their respective countries at the prestigious NCBA Golf Series Grand Finale in Nairobi, where champions from Tanzania, Kenya, Uganda, and Rwanda come together to compete and celebrate excellence.

The regional finale embodies the spirit of Ubuntu—the belief that success is strengthened through connection, collaboration, and shared experiences.

Celebrating Tanzanian Excellence

The 2025 NCBA Golf Series Grand Finale showcased not only exceptional golfing talent but also the power of regional integration through sport. Representing Tanzania were three outstanding golfers whose performances reflected the discipline, resilience, and determination that define the series.

Among them was Nsajigwa Mwansasu, who stood out through his calm demeanour, steady performance, and remarkable consistency throughout the competition.

Asha Rashidi further strengthened her reputation as one of Tanzania's leading female golfers, combining technical excellence with determination and composure under pressure.

Meanwhile, Victoria Taiko impressed with her strategic approach to the game, demonstrating intelligent course management and confidence in high-pressure situations.

STANBIC BANK DONATES TZS 20 MILLION TO SUPPORT REGIONAL MEDICAL AND SURGICAL CAMPS

Stanbic Bank Tanzania Chief Executive Officer, Manzi Rwegasira (right), presents a TZS 20 million sponsorship cheque to the Director General of the East, Central and Southern Africa Health Community (ECSA-HC), Dr. Ntuli Angyelile Kapologwe, in Dar es Salaam. The funding will support the ECSA-HC Medical and Surgical Camps Initiative, which will provide free medical and surgical care to underserved communities in Malawi and Tanzania’s Arusha and Mtwara regions in July 2026.

Dar es Salaam, Tanzania – June 22, 2026 – Stanbic Bank Tanzania has reaffirmed its commitment to improving healthcare access across East and Southern Africa through a TZS 20 million sponsorship to the East, Central and Southern Africa Health Community (ECSA-HC) Medical & Surgical Camps Initiative.

The initiative will provide free surgical and medical services to underserved communities in July 2026 through specialized medical camps scheduled to take place at selected health facilities in Malawi and Tanzania’s Arusha and Mtwara regions.

The sponsorship cheque was presented by Stanbic Bank Tanzania Chief Executive Officer, Manzi Rwegasira, to Dr. Ntuli Angyelile Kapologwe, Director General of ECSA-HC. The funding will support the deployment of specialist medical teams to deliver critical healthcare services to patients who would otherwise have limited access to surgery and quality medical care.

The latest contribution adds to Stanbic Bank Tanzania’s growing investment in community wellbeing. Between 2025 and 2026, the bank has contributed more than TZS 230 million toward healthcare and social impact initiatives, demonstrating its commitment to strengthening access to essential services and improving the quality of life in the communities it serves.

Mr. Rwegasira was joined during the cheque presentation by Fredrick Max, Head of Business & Commercial Banking, and Doreen Dominic, Head of Public Sector (Business & Commercial Banking), highlighting the bank’s broad-based support for the initiative.

The sponsorship comes at a significant milestone for Stanbic Bank Tanzania as it celebrates 30 years of operations in the country. Over the past three decades, the bank has evolved beyond its role as a financial institution to become a strategic partner in Tanzania’s social and economic development. Through this partnership with ECSA-HC, the bank is extending its impact beyond national borders to support regional healthcare advancement.

Speaking during the handover ceremony, Mr. Rwegasira emphasized the importance of partnerships in driving sustainable development.

“As Stanbic Bank, we remain committed to creating meaningful impact in the communities we serve. Partnerships such as this reflect our belief that sustainable development is driven through collaboration, particularly in critical sectors like healthcare,” he said.

NMB YAONGEZA NGUVU CDF CUP 2026 KWA UDHAMINI WA SHILINGI MILIONI 150

Mkuu wa Idara ya Wateja Binafsi wa Benki ya NMB, Aikansia Muro (wa pili kushoto), akikabidhi hundi mfano ya udhamini wa Shilingi milioni 150 kwa Mwenyekiti wa Kamati ya Maandalizi ya CDF Cup 2026, Brigedia Jenerali Saidi Hamis Saidi (katikati), jijini Dar es Salaam. Mashindano hayo yatafanyika Julai 6-17, yakihusisha timu za majeshi mbalimbali zitakazoshindana katika michezo 13.

Dar es Salaam: Benki ya NMB imetangaza udhamini wa Shilingi milioni 150 kwa ajili ya kufanikisha msimu wa nane wa Mashindano ya Kombe la Mkuu wa Majeshi (CDF Cup) 2026, yatakayofanyika jijini Dar es Salaam kuanzia Julai 6 hadi 17 mwaka huu.

Udhamini huo unaendeleza ushirikiano wa muda mrefu kati ya NMB na Jeshi la Ulinzi la Wananchi wa Tanzania (JWTZ) katika kuendeleza michezo, kuimarisha afya za washiriki na kukuza mshikamano miongoni mwa wanajeshi.

Mashindano ya mwaka huu yatahusisha michezo 13 mbalimbali, yakishirikisha timu kutoka Kamandi ya Makao Makuu ya JWTZ, Kamandi ya Jeshi la Nchi Kavu, Kamandi ya Jeshi la Anga, Kamandi ya Jeshi la Wanamaji, Kamandi ya Jeshi la Akiba pamoja na Kamandi ya Jeshi la Kujenga Taifa.

Akizungumza kuhusu udhamini huo, Mkuu wa Idara ya Wateja Binafsi wa Benki ya NMB, Aikansia Muro, alisema benki hiyo inaamini michezo ni nyenzo muhimu ya kujenga afya bora, nidhamu, ushirikiano na umoja katika jamii.

Alisema kupitia udhamini huo, NMB inalenga kuendelea kuunga mkono juhudi za JWTZ za kukuza vipaji vya michezo, kuimarisha ushindani wa kirafiki na kujenga mshikamano miongoni mwa washiriki kutoka vikosi mbalimbali vya jeshi.

“Mashindano haya yanatoa fursa muhimu ya kuimarisha afya ya mwili na akili, kukuza vipaji vya wanamichezo pamoja na kujenga mahusiano mazuri kati ya washiriki kutoka kamandi tofauti,” alisema Muro.

 

Mashindano hayo yanatarajiwa kufunguliwa rasmi Julai 6 katika Uwanja wa Azam Complex, Chamazi, na kushirikisha mamia ya wanamichezo wa JWTZ kutoka maeneo mbalimbali nchini.

YAS FIBER TO INVEST TZS 300 BILLION IN ZANZIBAR'S DIGITAL FUTURE THROUGH LANDMARK PARTNERSHIP WITH ZICTIA

Zanzibar, June 22, 2026 – Yas Fiber Tanzania will invest approximately TZS 300 billion over the next 20 years to help accelerate Zanzibar's digital transformation, expand access to high-speed broadband services and support long-term economic growth through a landmark Public-Private Partnership (PPP) agreement signed with the Zanzibar Communication Corporation & Ministry of Labour and Investment.

The initiative is expected to make high-speed fiber connectivity available to approximately 100,000 households across Unguja and Pemba within the first three years, significantly expanding digital access and strengthening the foundation for Zanzibar's transition into a modern, knowledge-based and digitally enabled economy.

The agreement marks a major milestone in efforts to strengthen digital infrastructure across the islands and improve access to reliable, affordable, high-speed internet services for households, businesses, educational institutions, healthcare facilities and government offices. It also supports Zanzibar's ambition to strengthen its position as a regional hub for innovation, investment and digital services.

Implemented under a Public-Private Partnership framework, the project combines the Revolutionary Government of Zanzibar's vision of building a digitally connected economy with Yas Fiber's expertise in designing, financing, deploying, operating and commercializing Fiber-to-the-Home (FTTH) networks.

Speaking during the signing ceremony, Hon. Mudrick Ramadhan Soraga, Minister for Communications, Information Technology and Innovation, said the partnership demonstrates Zanzibar's commitment to leveraging digital infrastructure as a catalyst for economic growth, innovation and improved public service delivery.

"This partnership reflects the Government's commitment to accelerating digital transformation and ensuring that citizens, businesses and institutions have access to the infrastructure required to thrive in today's digital economy. High-speed broadband connectivity is a critical enabler of innovation, investment and inclusive growth, and this collaboration will help position Zanzibar as a leading digital economy in the region," said Hon. Soraga.

Also speaking during the event, Director General of ZICTIA, Eng. Shukuru Awadh Suleiman, said the agreement represents an important step towards strengthening the islands' digital infrastructure and expanding access to quality broadband services.

"This partnership will significantly accelerate the expansion of fiber connectivity across Zanzibar and bring quality broadband services closer to our people. It is a practical step towards building the digital infrastructure needed to support Zanzibar's future development," said Eng. Suleiman.

DCB YAZINDUA KAMPENI YA "TUMA BURE, SHINDA KILA WIKI" KUVUTIA WATEJA WA HUDUMA ZA KIDIJITALI

DAR ES SALAAM: Benki ya DCB imezindua kampeni maalum ya miezi sita ijulikanayo kama "Tuma Bure, Shinda Kila Wiki", inayolenga kuhamasisha matumizi ya huduma za kidijitali na kuongeza ujumuishaji wa huduma za kifedha nchini kwa kuwapatia wateja nafasi ya kushinda zawadi mbalimbali huku wakifanya miamala bila kutozwa gharama.

Akizungumza wakati wa uzinduzi wa kampeni hiyo jijini Dar es Salaam, Mkurugenzi Mtendaji wa Benki ya DCB, Sabasaba Moshingi, amesema benki hiyo imefanya maboresho makubwa ya huduma zake za kidijitali baada ya kubaini kuwa wateja wengi wanahitaji huduma za haraka, salama, nafuu na zinazopatikana muda wote. Amesema kupitia mfumo mpya wa DCB Pesa App, wateja wanaweza kufungua akaunti popote walipo nchini na kufanya miamala mbalimbali bila makato.

Moshingi amesema kampeni hiyo pia inalenga kuunga mkono juhudi za Serikali za kuongeza ushiriki wa wananchi katika huduma rasmi za kifedha, huku akiwahimiza Watanzania kutumia huduma za benki ili kukuza biashara zao na kufikia malengo ya kiuchumi kwa urahisi zaidi.

Kwa upande wake, Mkuu wa Idara ya Masoko wa DCB, Geofrey Magugi, amesema mteja anayefungua akaunti kupitia DCB Pesa App na kufanya angalau muamala mmoja ataingia kwenye droo ya kila wiki yenye zawadi ya Shilingi 100,000 kwa washindi 10,amesema wateja watakaofanya miamala zaidi ya mitatu kwa mwezi watapata nafasi ya kushinda zawadi kubwa zaidi ikiwemo Shilingi milioni moja kila mwezi.

Naye Mkurugenzi wa Biashara wa DCB, Ramadhani Mganga, amesema kampeni hiyo itadumu hadi Desemba mwaka huu na inalenga kuwazawadia wateja wanaotumia huduma za benki kwa njia za kidijitali, amesema DCB imeendelea kuwa miongoni mwa taasisi za fedha zinazoweka kipaumbele katika ubunifu wa huduma nafuu, huku ikitoa fursa kwa Watanzania kufungua akaunti na kufanya miamala kutoka mahali popote nchini bila kulazimika kutembelea matawi ya benki.

Mganga amesema pamoja na faida ya kutuma fedha bila makato, wateja watakaoshiriki kampeni hiyo watakuwa na nafasi ya kushinda zawadi za kila wiki, kila mwezi na zawadi kubwa itakayotolewa mwishoni mwa kampeni mwezi Desemba, akiwataka Watanzania kuchangamkia fursa hiyo kwa kufungua akaunti za DCB na kutumia huduma zake za kidijitali.

ABSA AND TPSF EMPOWER WOMEN ENTREPRENEURS VIA FINANCIAL LITERACY & INVESTMENT MANAGEMENT SEMINAR

Dar es Salaam, 19 June 2026 – Absa Bank Tanzania, in collaboration with the Tanzania Private Sector Foundation (TPSF), has reaffirmed its commitment to empowering women entrepreneurs by hosting a comprehensive seminar focused on financial literacy, investment management, and business growth.

The seminar, held in Dar es Salaam, brought together women entrepreneurs from micro, small, and medium enterprises (MSMEs) to enhance their financial knowledge and equip them with practical skills to strengthen their businesses and improve long-term financial sustainability.

Speaking during the event, Absa Bank Tanzania Project Portfolio Manager, Ms. Munira Chambuso, pictured below, emphasized the importance of financial literacy in helping women entrepreneurs make informed business decisions, manage resources effectively, and unlock opportunities for growth through strategic investments.

The seminar also provided participants with a platform to engage directly with financial experts and industry stakeholders. Absa Bank Tanzania Citizenship and Events Manager, Ms. Abigail Lukuvi, pictured below, interacted with participants throughout the session, highlighting the bank’s ongoing efforts to support women-led enterprises through capacity-building initiatives and access to financial solutions.

Addressing the gathering, TPSF Director of Outreach and Membership Services, Ms. Kinanasy Seif, pictured below, underscored the critical role women entrepreneurs play in Tanzania’s economic development. She encouraged participants to leverage the knowledge gained from the seminar to strengthen their businesses and contribute more effectively to national economic growth.

The event further featured presentations from financial and business experts, including Absa Bank Tanzania Products and Channel Manager, Ms. Devroda Kagusa, pictured below, who shared insights on available banking products and digital financial solutions designed to support entrepreneurs in managing and expanding their businesses.

In addition to financial literacy and investment management, participants received valuable guidance on tax compliance and regulatory obligations. Tanzania Revenue Authority (TRA) Taxpayer Education and Communications Officer, Mr. Zephania Mange, pictured below, provided education on taxpayer responsibilities, emphasizing the importance of compliance in building sustainable and successful enterprises.

TCB SELOUS MARATHON YA MSIMU WA 7 YAVUNJA REKODI, YACHOCHEA AFYA, UTALII NA UCHUMI MOROGORO

Morogoro: Msimu wa saba wa TCB Selous Marathon umeweka rekodi mpya baada ya kuvutia zaidi ya washiriki 10,000, jambo lililoifanya kuwa mojawapo ya matukio makubwa zaidi ya michezo mkoani Morogoro.

Akizungumza kuhusu mafanikio hayo, Naibu Waziri wa Habari, Utamaduni, Sanaa na Michezo, Hamis Mwinjuma, amesema tukio hilo linaunga mkono juhudi za Serikali za kuhamasisha mazoezi, kuimarisha afya za wananchi na kuleta mshikamano wa kijamii.

Amesema marathon hiyo imeendelea kukua kila mwaka na kutoa fursa kwa makundi yote ya jamii, ikiwemo watu wenye ulemavu, kushiriki katika shughuli za michezo na kujenga umoja wa Watanzania.

Kwa upande wake, Mkurugenzi Mtendaji wa TCB, Adam Mihayo, amesema udhamini wa benki hiyo katika marathon hiyo unalenga kukuza afya, utalii, utunzaji wa mazingira na fursa za kiuchumi,amesema kupitia tukio hilo, TCB inalenga kutangaza Hifadhi ya Selous, kuunga mkono juhudi za upandaji miti ambapo miti 2,000 tayari imepandwa na mingine 8,000 itapandwa, sambamba na kuhamasisha matumizi ya mifumo ya malipo ya kidijitali.

Mihayo ameongeza kuwa zaidi ya washiriki 10,000 waliojitokeza wamechochea shughuli za kiuchumi mkoani Morogoro, huku sekta za hoteli, usafiri, biashara ndogo ndogo na huduma mbalimbali zikiongeza mapato kutokana na ongezeko la wageni,aidha, amesema marathon hiyo imesaidia kutangaza mradi wa reli ya kisasa ya SGR na vivutio vya utalii vya Tanzania kwa wageni kutoka ndani na nje ya nchi.

NMB YAONGEZA KASI YA KUFADHILI BIASHARA ZA MIFUGO, MIKOPO YAVUKA SH180 BILIONI

Waziri Mkuu, Dk. Mwigulu Nchemba, akisikiliza maelezo kutoka kwa Afisa Mkuu wa Wateja Binafsi na Biashara wa NMB, Filbert Mponzi, kuhusu mikopo, elimu ya fedha na huduma za kibenki kwa wafugaji alipotembelea banda la NMB katika Tri-Nations Livestock Expo 2026, Mbogo Ranches, Ubena Zomozi wilayani Chalinze, mkoani Pwani.

Ubena Zomozi, Chalinze; Juni 20, 2026 – Benki ya NMB imeendelea kuonesha dhamira yake ya kuendeleza sekta ya mifugo nchini baada ya kutoa zaidi ya Sh180 bilioni kwa ajili ya kufadhili wafugaji na biashara mbalimbali katika mnyororo wa thamani wa mifugo.

Fedha hizo zimeelekezwa katika shughuli mbalimbali muhimu zikiwemo unenepeshaji wa mifugo, uzalishaji wa malisho, ununuzi wa mbegu bora za mifugo pamoja na ujenzi wa miundombinu ya kisasa inayolenga kuongeza tija na ushindani katika sekta hiyo.

Akizungumza wakati wa ufunguzi wa maonesho ya Tri-Nations Livestock Expo 2026, yaliyofanyika katika viwanja vya Mbogo Ranches, Ubena Zomozi, Chalinze, Afisa Mkuu wa Wateja Binafsi na Biashara wa NMB Bank, Filbert Mponzi, alisema benki hiyo imeweka mkakati maalumu wa kuimarisha uwekezaji katika sekta ya mifugo kupitia huduma za kifedha zinazokidhi mahitaji ya wadau wa sekta hiyo.

Maonesho hayo yalifunguliwa rasmi na Waziri Mkuu wa Jamhuri ya Muungano wa Tanzania, Dk. Mwigulu Nchemba, huku NMB ikiwa mdhamini mkuu wa tukio hilo kwa mwaka wa nne mfululizo.

Mponzi alisema NMB imeendelea kutoa mikopo kwa riba nafuu ya asilimia tisa, hatua inayolenga kuwapa wafugaji na wafanyabiashara wa mifugo fursa ya kupanua shughuli zao kwa gharama nafuu.

Alifafanua kuwa kupitia mikakati ya Agribusiness na Agri-Wholesale, benki hiyo inafadhili wafugaji, wazalishaji wa malisho, wanunuzi wa mifugo, wasindikaji wa mazao ya mifugo pamoja na biashara kubwa zinazohusiana na sekta hiyo.

“Tunatambua mchango mkubwa wa sekta ya mifugo katika uchumi wa taifa na maisha ya wananchi. Ndiyo maana tunaendelea kubuni suluhisho za kifedha zinazowawezesha wadau wa sekta hii kuongeza uzalishaji na thamani ya biashara zao,” alisema Mponzi.

Kwa upande wake, Waziri Mkuu Dk. Nchemba aliwahimiza wafugaji kutumia elimu, ubunifu na teknolojia zinazopatikana kupitia maonesho hayo ili kukabiliana na changamoto mbalimbali zinazoikabili sekta hiyo, hususan uhaba wa malisho na athari za mabadiliko ya tabianchi.

NMB LIVESTOCK FINANCING TOPS SH180 BILLION AS BANK STRENGTHENS SUPPORT FOR TANZANIA’S LIVESTOCK SECTOR

Prime Minister Dr Mwigulu Nchemba listens to NMB Chief of Retail Banking Filbert Mponzi as he explains the bank’s financing, financial literacy and banking services for livestock keepers during a visit to the NMB pavilion at the Tri-Nations Livestock Expo 2026, held at Mbogo Ranches in Ubena Zomozi, Chalinze District, Coast Region.

Chalinze, Tanzania; June 20, 2026 – NMB Bank Plc has extended more than Sh180 billion in financing to livestock keepers and businesses across Tanzania’s livestock value chain, reinforcing its commitment to transforming the sector into a commercially viable driver of economic growth, employment and food security.

The milestone was announced by NMB Chief of Retail Banking, Filbert Mponzi, during the opening of the Tri-Nations Livestock Expo 2026 held at Mbogo Ranches in Ubena Zomozi, Chalinze District, Coast Region. NMB is sponsoring the exhibition for the fourth consecutive year.

The annual expo brings together livestock keepers, investors, buyers, financial institutions and other stakeholders from Tanzania, Kenya and Namibia, creating a platform for knowledge sharing, business networking and investment opportunities within the livestock industry. The event was officially opened by Prime Minister Dr. Mwigulu Nchemba.

Speaking at the event, Mr. Mponzi said NMB’s livestock financing strategy targets both individual livestock keepers and enterprises operating throughout the value chain, including feed production, livestock fattening, improved breeds, processing and market development.

“NMB was the first bank in Tanzania to introduce specialised livestock loans at an affordable interest rate of nine per cent. By June 2026, we had extended more than Sh180 billion for livestock fattening, feed production, improved breeds and modern livestock infrastructure,” said Mr. Mponzi.

He explained that the bank’s agribusiness and agri-wholesale financing model is designed to support the entire livestock ecosystem, covering livestock keepers, feed producers, traders, processors and large-scale enterprises serving the sector.

Addressing participants during the exhibition, Prime Minister Dr. Nchemba identified livestock-feed shortages as one of the key challenges facing the industry and reaffirmed the government’s commitment to working with the private sector and other stakeholders to find sustainable solutions.

“The shortage of livestock feed is evident, and that is why the government is committed to working with different stakeholders to address the challenge,” said Dr. Nchemba.

The Prime Minister also urged livestock keepers to leverage the knowledge, technology and best practices showcased at the exhibition to improve productivity and manage livestock farming as a sustainable commercial enterprise.

SERIKALI YAKIRI SHULE ILIYOJENGWA NA BENKI YA NMB INA VIWANGO VYA JUU

Bahi, Dodoma

Serikali imeipongeza NMB Bank Plc kwa kukamilisha ujenzi wa shule ya sekondari ya bweni kwa wanafunzi wenye mahitaji maalumu katika Wilaya ya Bahi, Mkoa wa Dodoma, mradi wenye thamani ya Shilingi bilioni 5 ambao umekamilika kwa asilimia 100.

Pongezi hizo zimetolewa na Naibu Katibu Mkuu anayeshughulikia Elimu, Atupele Mwambene, alipotembelea na kukagua mradi huo, akisema shule hiyo imejengwa kwa viwango vya juu vinavyokidhi mahitaji ya wanafunzi wenye uhitaji maalumu nchini.

Kwa mujibu wa Mwambene, shule hiyo imewekewa miundombinu yote muhimu ikiwemo mabweni, vitanda, madawati na vifaa vingine vinavyohitajika kwa mazingira bora ya kujifunzia na kuishi kwa wanafunzi.

"Shule hii imejengwa kwa kiwango cha juu sana na imekamilika kwa asilimia 100. Ina uwezo wa kuhudumia wanafunzi 160 na inatarajiwa kuanza kupokea wanafunzi mwezi Januari 2027 mara baada ya kukamilika kwa taratibu za usajili," alisema.

Kwa upande wake, Mkurugenzi wa Uhusiano na Wawekezaji, Uendelevu na Mawasiliano wa NMB Bank Plc, Innocent Yonazi, alisema mradi huo ni sehemu ya dhamira ya benki hiyo ya kuimarisha upatikanaji wa elimu kwa makundi maalumu na kuchangia maendeleo endelevu ya jamii.

Alisema NMB inaamini elimu ni nyenzo muhimu ya kuleta mabadiliko ya kijamii na kiuchumi, ndiyo sababu imeendelea kuwekeza katika miradi inayoongeza fursa za elimu kwa watoto wenye mahitaji maalumu na makundi mengine yanayohitaji msaada.

"Mradi huu una lengo la kupanua fursa za elimu kwa watoto wenye mahitaji maalumu na kuhakikisha wanapata mazingira bora ya kujifunzia. Hii ni sehemu ya mchango wetu katika maendeleo ya taifa kupitia uwekezaji wa kijamii," alisema Yonazi.

Aliongeza kuwa katika kipindi cha miaka mitano iliyopita, NMB Bank imetoa zaidi ya Shilingi bilioni 24 kwa ajili ya utekelezaji wa miradi mbalimbali ya maendeleo ya jamii nchini kupitia programu zake za uwajibikaji kwa jamii.

ABSA BANK EQUIPS INSTITUTIONAL INVESTORS WITH CRITICAL ECONOMIC AND MARKET INSIGHTS

Director of Global Markets at Absa Bank Tanzania, Ms. Irene Rwegalulira (right), and Senior Specialist Trader, Client Solutions at Absa Group, Mr. Gerald Nana (left), engage with institutional investors during a one-day workshop organized by the bank to discuss economic outlooks for Tanzania and selected international markets. The session was held yesterday in Dar es Salaam.

Absa Bank Tanzania's Global Markets Director, Ms. Irene Rwegalulira, addresses institutional investors during the opening of a one-day workshop organized by the bank to share economic insights on Tanzania and key global markets.

Senior Specialist Trader, Client Solutions at Absa Group, Mr. Kabelo Bogopa, engages with institutional investors during a one-day workshop hosted by Absa Bank Tanzania to discuss economic trends in Tanzania and global markets.

Dar es Salaam, Tanzania; June 18, 2026 – Absa Bank Tanzania has reaffirmed its commitment to supporting institutional investors with strategic market intelligence after hosting a high-level seminar that brought together key stakeholders from across Tanzania’s financial services sector.

The event convened representatives from insurance companies, microfinance institutions, pension funds, fund managers, brokerage firms, regulatory bodies and other non-bank financial institutions to discuss Tanzania’s economic outlook and emerging developments in regional and global markets.

The seminar focused on helping investors navigate an increasingly complex economic environment marked by fluctuating interest rates, foreign exchange volatility and geopolitical uncertainties that continue to influence global financial markets.

Speaking during the opening session, Absa Bank Tanzania Director of Global Markets, Irene Rwegalulira, emphasized the need for investors to remain proactive and strategically positioned amid evolving market conditions.

“Success in today’s environment is not about predicting every market movement. It is about being prepared, protected, and well-positioned when change happens,” she said.

Rwegalulira noted that despite ongoing shifts in both domestic and international economic conditions, significant opportunities continue to exist for investors who have access to the right information and effective risk management strategies.

She reiterated Absa’s commitment to helping institutional clients navigate uncertainty through expert market insights, innovative financial solutions and tailored advisory support.

“Our role as your Global Markets partner is to help you navigate uncertainty, manage risk effectively, and unlock opportunities with confidence and precision,” she added.

ABSA, ABSA DAR CITY MARATHON DONATE BLOOD & MATERNAL HEALTHCARE EQUIPMENT TO MNAZI MMOJA HOSPITAL

Absa Bank Tanzania Citizenship and Events Manager, Ms. Abigail Lukuvi (second left), hands over hospital equipment to Mnazi Mmoja Hospital Nurse-in-Charge, Ms. Shufaa Kaniki (right), during a ceremony held in Dar es Salaam. On the left is The Runners Club Vice President, Mr. Godfrey Mwangungulu, accompanied by hospital staff members. The donation, aimed at supporting maternal and child health services, follows the successful Absa Dar City Marathon held on 3 May 2026 in Dar es Salaam.

Dar es Salaam, Tanzania, 16 June 2026 – Absa Bank Tanzania, in partnership with The Runners Club, yesterday handed over critical maternal healthcare equipment and medical supplies to Mnazi Mmoja Hospital while also conducting a large-scale blood donation drive aimed at strengthening Tanzania’s healthcare system and saving lives.

The initiative forms part of the legacy impact of the 6th edition of the Absa Dar City Marathon 2026, which attracted more than 5,000 runners across the 21.1km, 10km and 5km race categories. Beyond promoting health and fitness, the marathon continues to serve as a platform for delivering meaningful social impact to communities.

The handover included a patient monitor machine requested by the hospital’s maternity ward to help address a shortage of this essential equipment. The machine will support healthcare professionals in continuously monitoring the vital signs of expectant and new mothers, enabling timely medical interventions and enhancing the quality of maternal care.

In addition, the partners donated a range of essential medical consumables and accessories, including gloves, urine bags, syringes, surgical masks, bandages, gauze and other critical supplies used daily in the provision of maternal healthcare services. These items will help strengthen the hospital’s capacity to provide safe and effective care for mothers and newborns.

Complementing the equipment donation, Absa Bank Tanzania and The Runners Club also conducted a blood donation drive to help boost national blood reserves and support patients requiring lifesaving transfusions. The campaign was simultaneously hosted at Mnazi Mmoja Hospital, and at Absa Bank Tanzania Headquarters, where employees actively participated in an internal blood donation initiative.

Speaking during the handover ceremony, Ms Abigail Lukuvi, Citizenship and Events Manager at Absa Bank Tanzania, said the initiative demonstrates the marathon’s broader purpose of creating lasting social impact.

“At Absa Bank Tanzania, the marathon represents far more than an athletic event; it is a platform for transforming lives and strengthening communities. Through the donation of critical maternal healthcare equipment, essential medical supplies and life-saving blood, we are helping healthcare professionals provide better care while supporting patients and families when they need it most. This reflects our belief that the story of every Tanzanian matters and our commitment to empowering healthier communities because a thriving nation is built on the wellbeing of its people.”