Global Banking & Finance Review recognition highlights the Bank’s growing focus on small and medium enterprises
DAR ES SALAAM, TANZANIA — August 31, 2026: Maendeleo Bank Plc has been named Fastest Growing SME Bank Tanzania 2026 by Global Banking & Finance Review, published by GBAF Publications Ltd, in recognition of the Bank’s rapid growth in serving small and medium enterprises (SMEs) across Tanzania.
The recognition reflects Maendeleo Bank’s deliberate strategic focus on supporting SMEs through products and services designed around their business needs.
Business growth, including SME growth, is one of the three key pillars of Maendeleo Bank’s Strategy 2025–2030. Over the past year, the Bank has expanded its branch network to six locations, while continuing to strengthen its services to SME customers.
The Bank also conducted its annual SME Clinic, an initiative designed to identify training and product needs directly from SME customers. In addition, Maendeleo Bank has developed a consolidated approach to SME product bundling, enabling SME customers to gain visibility into the full range of relevant banking products during a single visit.
RECOGNITION OF SME TEAM AND FRONTLINE STAFF
Commenting on the recognition, Maendeleo Bank Plc Managing Director, Mr. Lomnyaki Saitabau, said the award reflects the efforts of the Bank’s SME Unit and frontline staff working closely with small and medium enterprises.
“This recognition belongs to our SME Unit and to frontline staff across our branch network, whose work with small and medium enterprises earned it. It reflects a direction we set deliberately in our Strategy 2025 to 2030: build products and service around what SME customers actually need.”


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