ABSA BANK CONCLUDES “PLAY YOUR CARDS RIGHT” CAMPAIGN, ANNOUNCES GRAND PRIZE WINNER

Absa Bank Tanzania Director of Marketing and Corporate Affairs, Mr. Aron Luhanga (left), conducts the final draw of the bank’s three-month campaign dubbed “Absa Play Your Cards Right” in Dar es Salaam.

Dar es Salaam, 21 January 2026 — Absa Bank Tanzania has officially concluded its flagship “Play Your Cards Right” customer rewards campaign, marking the milestone with a celebratory final raffle draw held at a press conference at Absa House in Dar es Salaam.

The final draw brought to a close a successful three-month campaign that incentivised customers to adopt digital and card-based banking solutions, reinforcing Absa’s commitment to promoting secure, convenient, and cashless transactions across Tanzania.

Final Monthly Winners Announced

During the event, Absa conducted the third and final monthly raffle draw, awarding a total of TZS 18 million to three customers who actively participated in the final month of the campaign. The winners were:

• Mr. Abdulrazak Ali Seif – TZS 10 million
• Mrs. Aysha Mbarak Meghji – TZS 5 million
• Mr. Gibbons Samuel Katule – TZS 3 million

The draw was conducted in strict accordance with the campaign’s Terms and Conditions and under the supervision of a representative from the Tanzanian Gaming Board, underscoring transparency and fairness throughout the process.

Grand Prize Winner Takes Home TZS 30 Million

In the highlight of the campaign finale, Ms. Nasreen Karim Abdallah was announced as the Grand Prize Winner, walking away with TZS 30 million. Her win recognised consistent use of Absa’s digital and card banking solutions over the campaign period—demonstrating how everyday transactions can translate into life-changing rewards.

Leadership Reflections on Campaign Success

Speaking at the event, Mr. Aron Luhanga, Director of Marketing and Corporate Affairs at Absa Bank Tanzania, emphasised the central role customers played in the campaign’s success.

“This campaign has been about our customers from the very beginning. We are encouraged by how many of them embraced convenient, secure, and cashless ways of transacting. ‘Play Your Cards Right’ has shown that when customers choose digital banking, everyone benefits—from ease of access to stronger financial inclusion. We sincerely thank our customers for trusting Absa and being part of this journey.”

DSE RECORDS MIXED EQUITY PERFORMANCE AS INVESTORS FAVOUR BLUE CHIPS AND BONDS

Dar es Salaam: Equity trading on the Dar es Salaam Stock Exchange (DSE) closed Friday with mixed momentum, as investors maintained steady participation in blue-chip stocks while channelling significant capital into government and corporate bonds—underscoring the market’s ongoing search for yield.

Total equity turnover for the session stood at Sh7.06 billion, generated from 4.34 million shares traded across 2,077 deals. Additional liquidity was recorded on the exchange-traded funds (ETF) board and in the fixed-income segment.

Blue Chips Anchor Market Activity

CRDB Group Plc dominated equity trading, with 3.83 million shares changing hands at an average price of Sh1,770, reaffirming its position as the most liquid counter on the DSE. The stock’s strong volumes reflected continued investor confidence in large-cap financial institutions.

NMB Plc also attracted solid interest, closing higher at Sh9,120 on turnover of approximately Sh4.56 billion. Other banking stocks, including NICOL (T) Plc and MKCB Plc, recorded meaningful volumes, signalling sustained optimism toward the sector amid stable macroeconomic conditions.

Banking Stocks Lead the Gainers

Smaller banking counters outperformed the broader market, led by DCB Commercial Bank, which surged 12.24 per cent to close at Sh275, up from Sh245, topping the day’s gainers’ chart.

TTCL followed with a 9.63 per cent rise to Sh3,300, while Maendeleo Bank advanced 9.25 per cent to close at Sh1,890. Precision Air also stood out, closing at Sh280, as buying interest appeared to stabilise the stock after recent volatility in the aviation-linked counter.

CRDB BANK MAKES HISTORY, RECEIVES DIFC REPRESENTATION OFFICE CERTIFICATE IN DUBAI

Dubai, 19 January 2026 — Today marks a defining milestone in the growth journey of CRDB Bank Plc, following the official receipt of a Representation Office Certificate from the Dubai International Financial Centre (DIFC)—one of the world’s most influential global financial hubs.

This achievement is a strong affirmation of CRDB Bank’s long-term strategic vision, robust governance from its Board, and the unwavering commitment of management and teams across the Group. With this development, CRDB Bank becomes the first bank in Tanzania and the wider East and Central Africa region to establish a representation office in Dubai.

The establishment of a presence at DIFC goes beyond symbolism. It is a deliberate and strategic move that positions CRDB Bank closer to global capital markets, international trade corridors, and a diverse network of investment partners. Dubai’s status as a gateway between Africa, the Middle East, Asia, and Europe makes it a natural platform for deepening cross-border financial engagement.

Through this representation office, CRDB Bank will enhance its ability to support customers pursuing international expansion, trade financing, correspondent banking relationships, and investment opportunities. More importantly, it strengthens the Bank’s role as a bridge—connecting Tanzania and the broader region to global financial ecosystems.

NMB BANK PLC RETAINS TOP EMPLOYER CERTIFICATION FOR THIRD CONSECUTIVE YEAR

Dar es Salaam, 19 January 2026 — NMB Bank Plc has once again been recognised as a Top Employer in Tanzania, retaining the prestigious certification for the third consecutive year, following the announcement of the 2026 Top Employers Awards by the Top Employers Institute (TEI).

The recognition places NMB Bank among nearly 2,500 organisations globally that have met the highest international standards in human resources management this year, reinforcing the Bank’s position as one of Tanzania’s leading employers of choice.

Global Recognition for HR Excellence

The Top Employers Institute is a globally respected authority in the certification of HR excellence. It independently audits and benchmarks organisations’ people practices against internationally recognised standards, covering a broad spectrum of human capital management disciplines.

NMB’s continued certification over three consecutive years reflects not only its strong performance but also its long-term commitment to fostering a positive, inclusive, and high-performance workplace that prioritises employee well-being and professional growth.

Awarded for over 33 years, the Top Employer Certification honours organisations that demonstrate exceptional HR policies, forward-looking people strategies, and a clear commitment to improving the world of work.

Rigorous Assessment Across Key HR Domains

In 2026, the Top Employers Institute certified organisations across 131 countries and regions, positively impacting the working lives of more than 14 million employees worldwide.

NMB Bank’s certification followed a comprehensive evaluation of six core HR domains across 20 focus areas, including:

• People Strategy
• Talent Acquisition
• Learning and Development
• Talent Management
• Diversity, Equity and Inclusion
• Employee Well-being
• Work Environment

These areas collectively underscore the Bank’s holistic approach to human capital management.

Leadership Commends Collective Effort

Commenting on the achievement, NMB Bank Chief Executive Officer, Ruth Zaipuna, said the recognition reflects the Bank’s deep-rooted people-first culture.

“We are incredibly proud to receive this certification once again. This achievement underscores our unwavering commitment to fostering a workplace where excellence thrives and where our people practices continue to set the standard for the industry. This accolade is a result of collective effort. We could not have achieved this without our top employees, who have not only raised the bar within NMB but have also cultivated a thriving organisational culture that reflects our shared pursuit of excellence.”

She reaffirmed NMB’s continued focus on diversity, inclusion, and employee empowerment as key pillars of the Bank’s long-term success.

ABSA RECOGNISED AS A TOP EMPLOYER FOR 2026 ACROSS SIX AFRICAN MARKETS

Absa Ghana ranked number one Top Employer in its market

For the fifth consecutive year, Absa has been recognised as a Top Employer for 2026 by the Top Employers Institute (TEI), following an independent assessment of its people practices across Botswana, Ghana, Kenya, South Africa, Zambia, and Mauritius. Notably, Absa Ghana achieved the number one Top Employer ranking in its market.

Absa achieved an overall Group score of 93.66%, an increase from 90.15% in 2025, and materially above the global benchmark of 85.9%. All six markets recorded overall scores above 87%, with Absa Bank Botswana delivering the largest year-on-year improvement of 5.53 percentage points. Ghana recorded the highest overall score at 97.38%, while notable improvements were also recorded in Kenya and South Africa, each improving by 4.94 percentage points. Absa Bank Zambia improved by more than four percentage points, underscoring Absa’s relentless focus on people-centred policies and processes.

Achieving certification across all six markets underscores the effectiveness of Absa’s approach to human capital management within Africa’s financial services sector, as measured against international standards.

“The way people think about work is fundamentally changing, and this shift is redefining the relationship between employers and employees. Organisations must be clear and deliberate about the value they offer—from purpose and culture to growth and flexibility—while being equally transparent about the standards, accountability, and performance they expect in return. This clarity is essential to building trust, attracting top talent, and creating workplaces where people can truly thrive,” said Jeanett Modise, Absa Group Chief Human Capital Officer.

NMB YATUNUKIWA CHETI CHA MWAJIRI BORA TANZANIA KWA MARA NYINGINE TENA

Benki ya NMB imeendelea kudhihirisha uimara wake katika usimamizi wa rasilimali watu baada ya kutambuliwa tena kama Mwajiri Bora Tanzania na taasisi ya kimataifa ya Top Employers Institute. Mafanikio haya yanaifanya NMB kuwa miongoni mwa mashirika takribani 2,500 duniani kote yaliyotunukiwa heshima hiyo mwaka 2026, jambo linaloonesha ubora wa mifumo yake ya rasilimali watu na utamaduni wa kazi unaoweka watu mbele.

Cheti cha Mwajiri Bora hutolewa baada ya tathmini huru na ya kina ya sera na mifumo ya rasilimali watu, ikijumuisha mkakati wa watu, uajiri na maendeleo ya vipaji, usimamizi wa utendaji, ustawi wa wafanyakazi, usawa na ujumuishaji, pamoja na mazingira ya kazi. Kupitia vigezo hivyo, NMB imeonesha ulinganifu thabiti kati ya mkakati wake wa watu na malengo ya biashara, hali inayochangia mafanikio endelevu ya benki hiyo na kuongeza kiwango cha kuridhika kwa wafanyakazi wake zaidi ya 5,000 nchi nzima.

Kutambuliwa huku kunathibitisha dhamira ya NMB ya kuwekeza kwa makusudi katika watu wake kama rasilimali muhimu ya mafanikio ya taasisi. Benki imeendelea kujenga mazingira jumuishi ya kazi yanayohimiza ubunifu, uwajibikaji na maendeleo ya kitaaluma, sambamba na kukuza ustawi wa wafanyakazi wake.

VODACOM YAZINDUA DUKA JIPYA DODOMA, KUBORESHA HUDUMA KWA WATEJA WA KANDA YA KATI

Afisa Mtendaji Mkuu wa Vodacom Tanzania PLC, Philip Besiimire (wa pili kushoto), akikata utepe kuashiria ufunguzi wa duka jipya kubwa la Vodacom jijini Dodoma, linalolenga kusogeza huduma karibu na wateja. Tukio hilo lilishuhudiwa na Mkuu wa Kanda ya Kati, Chiha Nchimbi (wa pili kulia), na Mdau wa Vodacom, Emmanuel Makaki (kushoto).

Mkurugenzi Mtendaji wa Vodacom Tanzania, Philip Besiimire (wa pili kushoto), akitazama bidhaa zilizopo ndani ya duka jipya kubwa la Vodacom mkoani Dodoma baada ya kulizindua. Kushoto ni Mkuu wa Vodacom Kanda ya Kati, Chiha Nchimbi.

Dodoma – Kampuni ya Vodacom Tanzania imezindua duka kubwa jipya la mfano (flagship store) jijini Dodoma, hatua inayolenga kusogeza huduma bora zaidi kwa wateja wa mkoa huo pamoja na mikoa mingine ya Kanda ya Kati.

Akizungumza wakati wa uzinduzi wa duka hilo, Mkurugenzi Mtendaji wa Vodacom Tanzania, Bw. Philip Besiimire, amesema duka hilo ni mkombozi kwa wakazi wa Dodoma na maeneo jirani kutokana na kuboreshwa kwa huduma mbalimbali, zikiwemo huduma maalumu kwa wateja wenye mahitaji maalumu. Ameeleza kuwa kwa mara ya kwanza, duka hilo limezingatia kikamilifu upatikanaji wa huduma kwa makundi mbalimbali ikiwemo viziwi, watu wenye ulemavu wa miguu, macho na wengineo, huduma ambazo hapo awali hazikuwepo kwa kiwango hicho.

Bw. Besiimire ameongeza kuwa uzinduzi wa duka hilo unaakisi dhamira ya Vodacom Tanzania ya kuendelea kuwekeza katika miundombinu na uzoefu wa wateja, sambamba na mahitaji yanayobadilika ya wateja wake, hususan katika miji inayokua kwa kasi kama Dodoma.

THE POWER OF HUMANIZED LEADERSHIP IN TODAY’S COMPLEX WORLD

In today’s increasingly complex and fast-changing business environment, the most effective leaders begin by leading themselves. Clarity of purpose, emotional intelligence, empathy, and personal discipline form the foundation upon which strong, trusted leadership is built. When leaders align both head and heart, they create resilient teams, foster trust, and build institutions that endure beyond individual personalities.

This philosophy lies at the heart of humanized leadership—a leadership approach that prioritizes people while maintaining accountability and performance. It challenges leaders to look inward before leading outward and to intentionally cultivate cultures where individuals feel valued, safe, and empowered to perform at their best.

Key Reflections for Modern Leaders

As leaders assess their own leadership practices, several critical questions emerge:

• Am I consistently modeling the behaviors I expect from others?
• Am I creating environments where people feel seen, safe, and accountable?
• Am I building systems and cultures that can outlast individual leadership tenures?

These reflections are essential for leaders navigating today’s organizational and societal complexities—and they are explored in depth in The Humanized Leader, a compelling new book by Dr. Martin Oduor Otieno.

About the Author: Dr. Martin Oduor Otieno

Dr. Oduor Otieno is a highly respected business leader, governance expert, and executive coach with decades of experience across the public and private sectors. He is the Founder of The Leadership Group and holds the ICF Professional Certified Coach (PCC) credential.

His distinguished career includes serving as Chief Executive Officer of KCB Group, where he led a transformative period of growth and regional expansion across East Africa. He currently serves as Group Chairman of East African Breweries plc (EABL), sits on several prominent corporate boards, and is the Chancellor of KCA University.

TMRC APPOINTS ELIBARIKI NDOSSI AS NEW CHIEF EXECUTIVE OFFICER

Dar es Salaam, Tanzania – 17 January 2026 — Tanzania Mortgage Refinance Company Limited (TMRC) has announced the appointment of Mr. Elibariki Ndossi as its new Chief Executive Officer (CEO), effective 2 January 2026, in a move expected to further strengthen the country’s housing finance ecosystem.

Mr. Ndossi brings over 18 years of experience in the financial services sector, with extensive expertise in corporate banking, investment banking, capital markets, and structured finance. His appointment comes at a pivotal time as TMRC continues to play a central role in deepening access to long-term housing finance in Tanzania.

He began his professional career at NBC Limited—formerly part of ABSA and Barclays—where he steadily rose through senior leadership positions. During his tenure, he served as Head of Large Local Corporates and Head of Corporate Debt, managing complex, high-value portfolios and leading landmark cross-border financing transactions.

In 2019, Mr. Ndossi joined Stanbic Bank Tanzania as Head of Investment Banking, where he spearheaded the franchise’s strategic growth agenda. In this role, he oversaw a portfolio valued at nearly USD 700 million and led the execution of some of Tanzania’s most significant financing transactions across government, infrastructure, energy, real estate, mining, telecommunications, and capital markets.

His leadership was instrumental in delivering major mandates, including sovereign and sub-sovereign financing transactions, syndicated loan facilities, and Tanzania’s largest green bond issuance, while maintaining strong risk management and governance standards.

Mr. Ndossi is a Certified Director (CiDir) and holds multiple professional certifications in finance, investment advisory, and leadership. His academic background includes training from the University of Dar es Salaam, the University of Cape Town Graduate School of Business, and the Gordon Institute of Business Science (GIBS). Beyond his executive responsibilities, he is actively involved in capacity building, contributing as an instructor and mentor within Tanzania’s financial and business community.

In welcoming the new CEO, TMRC’s Board of Directors and Management expressed confidence in Mr. Ndossi’s ability to advance the institution’s mandate of deepening and strengthening Tanzania’s housing finance market, while supporting sustainable economic growth.

TMRC plays a critical role in providing long-term liquidity to mortgage lenders, supporting the expansion of affordable housing finance and promoting broader financial inclusion across the country.

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Kitomari Banking & Finance Blog
Your trusted source for banking, finance, and corporate news in Tanzania

COCA-COLA KWANZA RECOGNIZED AS A TOP EMPLOYER IN TANZANIA FOR 2026

Dar es Salaam, Tanzania – 15 January 2025 – Coca-Cola Kwanza Ltd, part of the Coca-Cola Beverages Africa (CCBA) group, has been officially recognised as a Top Employer in Tanzania for 2026 by the prestigious Top Employers Institute, reaffirming the company’s strong commitment to people development, workplace excellence and inclusive growth.

The recognition places Coca-Cola Kwanza among an elite group of employers within the CCBA footprint, joining six other countries certified at national level. In addition, CCBA has once again achieved Top Employer Africa certification for 2026, marking the second consecutive year the group has received regional-level recognition.

Strong Regional and Continental Performance

CCBA’s operations in Tanzania, Ethiopia, South Africa and Uganda were all certified at country level, with each market showing improved performance compared to the previous year. The 2026 certification cycle also marked a milestone, with Botswana, Kenya and Mozambique receiving Top Employer certification for the first time.

The Top Employers Institute operates in 125 countries and regions globally and is widely regarded as the leading authority in human resources certification, benchmarking and advisory services. Organisations are assessed through a rigorous HR Best Practices Survey, which evaluates performance across six key domains:

• People Strategy
• Work Environment
• Talent Acquisition
• Learning and Development
• Diversity, Equity & Inclusion
• Employee Wellbeing

STANBIC BANK NAMED BEST BANK IN TANZANIA FOR 2025

Stanbic Bank Tanzania Head of Brand & Marketing, Ms. Neemarose Singo (third right), shortly after receiving Tanzania’s 2025 Bank of the Year award at The Banker Awards, hosted by the Financial Times, during a ceremony held recently in London, United Kingdom. She is pictured with other leaders from the Stanbic Bank Tanzania team and event organisers.

DAR ES SALAAM, Tanzania – Sunday, 11 January 2026 — Stanbic Bank Tanzania has been named Best Bank in Tanzania for 2025 by The Banker, the global banking publication of the Financial Times Group, in recognition of the Bank’s outstanding financial performance, innovation, and sustained contribution to national economic development.

The prestigious award follows a rigorous evaluation process that assessed banks across African markets, focusing on financial strength, strategic execution, innovation, and customer impact. This marks the eighth time Stanbic Bank has received the accolade, reinforcing its position as one of Tanzania’s most consistent and trusted financial institutions.

Strong Performance and National Impact

In a highly competitive banking environment, Stanbic stood out for its significant support to Tanzania’s critical economic sectors, particularly energy, infrastructure, logistics, and SME development.

By the period ending June 2025, the Bank had deployed over USD 1 billion (approximately TSh2.5 trillion) in development financing aligned with Tanzania’s industrialisation agenda. The funding supported major national infrastructure projects, including port modernisation, power grid expansion, and investments along the liquefied natural gas (LNG) value chain.

Driving Inclusive Growth and Social Impact

Beyond financial performance, The Banker also recognised Stanbic’s strong social and community impact. Through targeted Corporate Social Investment (CSI) programmes in education, health, environmental sustainability, and financial literacy, the Bank positively impacted more than 2 million Tanzanians in 2025.

The Stanbic Biashara Incubator delivered measurable results, supporting nearly 5,000 entrepreneurs with practical, market-driven training. The programme strengthened enterprise resilience, financial capability, clean-energy adoption, and regional trade participation.

Leadership Commentary

Stanbic Bank Tanzania Chief Executive, Mr. Manzi Rwegasira, said the recognition reflects both the Bank’s legacy and its future ambitions.

“As part of the Standard Bank Group, we are honoured to be named Tanzania’s Bank of the Year. This award recognises the impact of our 30-year journey in Tanzania and reaffirms our belief that Africa is our home and that we drive her growth. Over the past year, we have deployed capital into transformative energy, trade, and infrastructure projects, expanded financial access through digital solutions, and catalysed cross-border investment flows. Looking ahead, we remain committed to turning opportunity into impact across Tanzania and beyond,” he said.

NBC BANK BACKS CONSTRUCTION OF MARUHUBI PASSENGER FERRY TERMINAL IN ZANZIBAR

NBC Bank’s Director of Retail Banking, Mr. Elibariki Masuke (left), and the Managing Director of Zanzibar Ferry Development Company Limited, Mr. Jaffer Machano (right), exchange congratulatory gestures as they display a signed cooperation agreement supporting the construction of the Maruhubi (Mpiga Duru) Passenger Ferry Terminal in Zanzibar through a concessional loan from the bank. The moment was captured during the project’s foundation stone–laying ceremony, officiated by the Second Vice President of Zanzibar, Hon. Hemed Suleiman Abdullah (seated at centre).

The Second Vice President of Zanzibar, Hon. Hemed Suleiman Abdullah (seated at centre), witnesses the signing of a strategic cooperation agreement between NBC Bank’s Director of Retail Banking, Mr. Elibariki Masuke (left), and the Director of Zanzibar Ferry Development Company Limited, Mr. Jaffer Machano (right).

ZANZIBAR, January 11, 2026 — The National Bank of Commerce (NBC) has reaffirmed its commitment to supporting Zanzibar’s economic transformation through the financing of large-scale strategic infrastructure projects, following its support for the construction of the Maruhubi (Mpiga Duru) Passenger Ferry Terminal via a concessional loan facility.

Once completed, the modern terminal is expected to significantly enhance tourism, trade, and maritime transportation, further strengthening Zanzibar’s position as a regional logistics and tourism hub.

NBC, represented by its Director of Retail Banking, Mr. Elibariki Masuke, participated in the foundation stone–laying ceremony for the project on Sunday. The event was officiated by the Second Vice President of Zanzibar, Hon. Hemed Suleiman Abdullah, and attended by senior government officials and private sector stakeholders.

Strategic PPP Infrastructure Project

The Maruhubi Passenger Ferry Terminal is being developed under a Public Private Partnership (PPP) arrangement between the Zanzibar Ports Corporation and Zanzibar Ferry Development Company Limited. The project aims to decongest Malindi Port while improving efficiency in passenger movement across the Isles.

Upon completion, the terminal is projected to handle approximately 8,000 passengers per day, translating to nearly three million passengers annually.

NBC BANK EXCELS, WINS BEST EMPLOYER AWARD FOR INTERNSHIP PROGRAM

Deputy Minister in the Prime Minister’s Office – Labour, Employment and Industrial Relations, Hon. Rahma Kisuo (MP) (left), presents the Best Employer Award in the Internship Program—conferred by the Prime Minister’s Office through the Employment Services Division—to the Acting Head of the Human Resources Department at NBC Bank, Ms. Grace Mgondah, in recognition of the Bank’s outstanding efforts in providing internship opportunities and employing graduates from various universities through its structured work-experience training program. Witnessing the occasion is the Deputy Permanent Secretary of the Ministry, Ms. Zuhura Yunus (centre).

Dar es Salaam, January 10, 2026

The National Bank of Commerce (NBC) has been recognized as the Best Employer in the Internship Program, an award conferred by the Prime Minister’s Office – Labour, Employment and Industrial Relations (PMO-LEIR) through its Employment Services Division. The accolade underscores NBC Bank’s outstanding commitment to nurturing young talent by providing structured internship opportunities and absorbing graduates from various universities into permanent employment.

The award was presented in Dar es Salaam during the Employers’ Conference on the Implementation of the Work Experience (Internship) Program. It was officially handed over by the Deputy Minister, Prime Minister’s Office – Labour, Employment and Industrial Relations, Hon. Rahma Kisuo (MP). The conference brought together senior government leaders, including the Deputy Permanent Secretary of the Ministry, Ms. Zuhura Yunus, senior officials from PMO-LEIR, and representatives from multiple institutions.

NBC Bank was represented at the event by a delegation led by the Acting Head of Human Resources, Ms. Grace Mgondah.

Speaking after receiving the award, Ms. Mgondah said the recognition reflects NBC Bank’s sustained and successful implementation of the internship (work-experience) program. She revealed that over the past five years, the Bank has provided permanent employment to approximately 136 graduates who initially joined NBC through the internship pathway.

“Each year, between 800,000 and 1.2 million graduates complete their studies and enter the job market in Tanzania. One of the major challenges they face is limited practical skills and professional exposure,” she said. “Our internship program plays a vital role in bridging this gap by equipping graduates with hands-on experience, essential workplace skills, strong work ethics, and a positive professional mindset.”

CRDB BANK CEO VISITS DUBAI REPRESENTATIVE OFFICE AHEAD OF OFFICIAL LAUNCH

CRDB Bank Group Chief Executive Officer and Managing Director, Abdulmajid Nsekela (centre), exchanges greetings with CRDB Bank Dubai Country Manager and Principal Representative, Jackson Kehengu (left), during his visit to the Bank’s Dubai Representative Office as part of preparations for the official opening of the office scheduled for later this month. On the right is the Director of Corporate Affairs & Public Relations and CRDB Bank Foundation Managing Director, Tully Esther Mwambapa.

DUBAI, UAE – CRDB Bank Group Managing Director and Chief Executive Officer, Abdulmajid Nsekela, has paid an official visit to the CRDB Bank Representative Office in Dubai, United Arab Emirates, marking a significant milestone ahead of the office’s formal launch scheduled for early January 2026.

During the visit, Mr. Nsekela received a comprehensive briefing on the operational progress of the office since it commenced official activities in October 2025. The briefing was delivered by Jackson Kehengu, CRDB Bank’s Representative in Dubai, who outlined early achievements, including the establishment of strategic relationships with investors, large-scale traders, and key financial partners in the Middle East.

According to the briefing, the Dubai office has already attracted strong interest from regional stakeholders keen to explore investment and trade opportunities linked to CRDB Bank’s expanding footprint in East Africa.

Dubai as a Strategic Global Business Hub

Speaking during the visit, Mr. Nsekela described Dubai as a critical global hub for trade and investment, particularly in the post-COVID-19 era amid shifting global economic dynamics. He noted that CRDB Bank had identified a strategic opportunity to strengthen financial linkages between the United Arab Emirates (UAE) and East Africa.

“For many years, CRDB Bank has played a pivotal role in facilitating trade and investment in Tanzania and across East Africa, particularly in Burundi and the Democratic Republic of Congo,” said Mr. Nsekela. “The Dubai office is designed to further strengthen this financial bridge between the Middle East and East Africa.”

Boosting Regional Economic Integration

Mr. Nsekela emphasized that the establishment of the Dubai Representative Office represents a major milestone not only for CRDB Bank but also for Tanzania’s broader economic development and regional integration efforts. He expressed appreciation to the Government of Tanzania for policy reforms that have enabled the bank’s international expansion.

He further commended President Samia Suluhu Hassan for her economic diplomacy agenda, which has enhanced Tanzania’s investment climate and strengthened international cooperation.

The CRDB Bank CEO also extended gratitude to key institutions that supported the establishment of the office, including the Tanzania Embassy in the UAE, the Bank of Tanzania, the Dubai Financial Services Authority (DFSA), and the Dubai International Financial Centre (DIFC), where the office is located.

WAKAZI WA LINDI WAENDELEA KUSHEREHEKEA MWAKA MPYA NA MAKAPU YA VODACOM

LINDI: Wakazi wa Mkoa wa Lindi wameendelea kuupokea Mwaka Mpya kwa furaha, baada ya kampuni ya Vodacom Tanzania kuendeleza kampeni yake ya kugawa makapu ya sikukuu kwa wateja na wananchi, ikiwa ni sehemu ya kusherehekea mwanzo wa mwaka mpya pamoja na jamii.

Akizungumza wakati wa hafla hiyo, Meneja Mauzo wa Vodacom Tanzania Mkoa wa Lindi, Omary Kilumanga, alisema kampeni hiyo inalenga kuwashukuru wateja kwa uaminifu wao, sambamba na kuimarisha uhusiano kati ya kampuni na jamii inayohudumiwa.

“Vodacom inaamini katika kushirikiana na wateja wake si tu kupitia huduma za mawasiliano, bali pia katika nyakati za sherehe kama hizi za kuanza mwaka mpya. Tunafurahi kusherehekea pamoja na wakazi wa Lindi,” alisema Kilumanga.

Katika hafla hiyo, Kilumanga (kushoto) aliungana na Afisa wa Vodacom, Feruzi Mlaponi (kulia), kukabidhi makapu ya sikukuu kwa wateja mbalimbali, akiwemo Bi. Anna Milanzi (katikati), hatua iliyopokelewa kwa shukrani na furaha kubwa kutoka kwa wanufaika.

Kwa upande wake, Afisa wa Vodacom Feruzi Mlaponi (kulia) pia alionekana akikabidhi kapu la Vodacom kwa mteja wa kampuni hiyo, Said Kikotokeki (kushoto), akisisitiza kuwa kampeni hiyo ni sehemu ya dhamira ya Vodacom ya kuendelea kuwa karibu na wateja wake katika mikoa yote nchini.

DSE OPENS 2026 WITH MODEST GAINS AS DOMESTIC INVESTORS DRIVE MARKET ACTIVITY

— By Henry Lyimo, Daily News

DAR ES SALAAM: Tanzanian equities began the new year on a cautiously positive note, with the Dar es Salaam Stock Exchange (DSE) posting modest gains on Friday, January 2, supported largely by domestic investor participation and sustained demand for government securities.

The DSE All Share Index (DSEI) rose to 2,785.54 points, up from 2,761.93 points in the previous session, reflecting mild price appreciation in a limited number of actively traded stocks. Market activity remained highly concentrated, with banking and financial services counters once again absorbing the bulk of investor flows.

CRDB Bank Plc dominated trading by volume, reaffirming its position as the most liquid stock on the exchange and the primary channel for domestic equity demand. Other stocks that recorded notable activity included NICO Holdings and Swissport Tanzania, although overall volumes outside the banking sector remained subdued—underscoring the narrow breadth of the market’s advance.

Total market turnover reached Sh1.49 billion, with approximately 1.0 million shares exchanged across 2,872 deals, indicating moderate investor participation compared with recent trading sessions. Liquidity continued to be concentrated in a small number of large-cap stocks, reflecting a selective trading environment.

EACOP REACHES 79% COMPLETION, ON TRACK FOR JULY 2026 COMMISSIONING

TANGA, Tanzania — The East African Crude Oil Pipeline (EACOP) has reached a major construction milestone, attaining 79 per cent completion and remaining on course for commissioning by July 2026, government officials confirmed.

Tanzania’s Minister for Energy, Deogratius Ndejembi, announced the progress update on Monday during a high-level briefing held alongside a visiting Ugandan delegation. The US$5 billion cross-border infrastructure project is now entering its final implementation phase, with the remaining 21 per cent of works focused primarily on system integration and terminal completion on both the Tanzanian and Ugandan sides.

“Once completed, the project is expected to drive major economic growth, especially in Tanzania, where a large part of the pipeline passes. Uganda’s oil exploration and production will play a pivotal role in the country’s economic transformation,” Minister Ndejembi said.

Jobs, Capacity and Economic Impact

According to the minister, the EACOP project has already delivered substantial socio-economic benefits, including the creation of over 12,000 jobs, providing employment opportunities and skills development for citizens in Uganda, Tanzania and the wider region.

He further noted that the pipeline will have the capacity to transport 246,000 barrels of crude oil per day once operational, underscoring its strategic importance to regional energy security and export capacity. The next phase of the project, he added, will largely depend on Uganda’s readiness to commence full-scale oil production.

EACOP and Uganda’s Vision 2040

Uganda’s Minister for Energy and Mineral Development, Dr Ruth Nankabirwa, described EACOP as a cornerstone of the country’s long-term development agenda, particularly Vision 2040, which aims to expand Uganda’s economy from US$40 billion to US$500 billion.

She highlighted the oil transportation sector as a key driver of this transformation, noting that transportation costs are projected at US$12.77 per barrel, enhancing the competitiveness of Uganda’s crude exports.

“This infrastructure will benefit not only Uganda but also neighbouring Tanzania, as both nations will gain from improved oil transportation systems, strengthening regional economic integration,” Dr Nankabirwa said.

NMB YAJIVUNIA USHIRIKI NA UDHAMINI WA MATUKIO YA SHEREHE ZA MAPINDUZI ZANZIBAR

ZANZIBAR — Benki ya NMB imeendelea kuonesha dhamira yake ya kuunga mkono maendeleo ya jamii kwa kujivunia ushiriki na udhamini wake katika matukio mbalimbali yanayoambatana na Sherehe za Mapinduzi Matukufu ya Zanzibar, ikiwemo Siku ya Kitaifa ya Mazoezi.

Hayo yamebainika baada ya Serikali ya Mapinduzi Zanzibar (SMZ) kuitunuku benki hiyo Cheti cha Shukrani na Pongezi kwa kufadhili, kudhamini na kushiriki kikamilifu katika Siku ya Kitaifa ya Mazoezi. Cheti hicho kilitolewa na Rais wa Zanzibar na Mwenyekiti wa Baraza la Mapinduzi, Dk. Hussein Ali Mwinyi, kufuatia kukamilika kwa matembezi maalum yaliyoanzia Viwanja vya Mapinduzi Square Michezani hadi Uwanja wa New Amaan, ambapo mazoezi ya viungo ya pamoja yalifanyika.

Katika kufanikisha matembezi na mazoezi hayo yaliyoshirikisha zaidi ya watu 6,000 kutoka vikundi zaidi ya 170 vya mazoezi kutoka Tanzania Bara na Zanzibar, NMB ilikabidhi tracksuit 100 kwa viongozi waandamizi wa SMZ wakiongozwa na Rais Dk. Mwinyi pamoja na Makamu wa Pili wa Rais, Hemed Suleiman Abdulla.

Akihutubia washiriki wa mazoezi hayo, Rais Dk. Mwinyi aliwapongeza wadhamini wote kwa mchango wao katika kufanikisha Siku ya Kitaifa ya Mazoezi, akisisitiza kuwa mchango huo una thamani kubwa kwa ustawi wa afya za Wazanzibar. Aliwahimiza wananchi kudumisha utamaduni wa kufanya mazoezi ya viungo mara kwa mara.

“Nawashukuru wadau na wafadhili wote waliotoa michango yao katika kufanikisha bonanza hili linaloandaliwa na Wizara ya Habari, Sanaa, Utamaduni na Michezo kwa kushirikiana na Chama cha Mchezo wa Mazoezi Zanzibar (ZABESA). Mazoezi ya viungo ni muhimu kwa afya ya mwili na akili, na husaidia kukinga magonjwa yasiyoambukiza kama kisukari, shinikizo la damu na magonjwa ya moyo,” alisema Dk. Mwinyi.

Aliongeza kuwa bonanza hilo ni jukwaa muhimu la kuwakumbusha wananchi kuwa afya njema ni nyenzo ya msingi ya maendeleo ya mtu mmoja mmoja na taifa kwa ujumla, huku akisisitiza ushiriki katika michezo mbalimbali ikiwemo mpira wa miguu, kikapu, wavu, riadha na michezo ya majini.

VODACOM KANDA YA ZIWA YAGUSA MAISHA YA WATEJA KUPITIA KAMPENI YA KUGAWA MAKAPU YA SIKUKUU

Kagera, 29 Desemba 2025 — Timu ya Vodacom Tanzania Kanda ya Ziwa imeendelea kuonesha mshikamano na kuthamini uaminifu wa wateja wake kwa kusambaza upendo kupitia zoezi la kugawa Makapu ya Vodacom, ikiwa ni sehemu ya kusherehekea msimu wa sikukuu na kuhitimisha rasmi maadhimisho ya miaka 25 ya utendaji wa kampuni hiyo nchini Tanzania.

Hafla hiyo imefanyika katikati ya mwezi Desemba katika Wilaya ya Karagwe, Mkoa wa Kagera, ambapo wateja mbalimbali walipatiwa makapu yenye mahitaji ya msingi kama ishara ya shukrani na kuthamini mchango wao katika safari ya mafanikio ya Vodacom Tanzania kwa kipindi cha robo karne.

Akizungumza wakati wa tukio hilo, wawakilishi wa Vodacom Tanzania Kanda ya Ziwa walisema kuwa kampeni hiyo inalenga kuimarisha uhusiano wa karibu kati ya kampuni na wateja wake, huku ikiendeleza utamaduni wa kushiriki furaha na jamii inayoiwezesha kampuni kukua na kuendelea kutoa huduma bora za mawasiliano.

“Tunatambua kuwa mafanikio ya Vodacom Tanzania kwa kipindi cha miaka 25 yasingewezekana bila uaminifu na ushirikiano wa wateja wetu. Ndiyo maana tumeona ni muhimu kusherehekea msimu huu wa sikukuu pamoja nao na kuwashukuru kwa vitendo,” ilielezwa.

SERIKALI YA MAPINDUZI YA ZANZIBAR YAIPONGEZA NMB KWA UDHAMINI MNONO WA MAPINDUZI CUP

ZANZIBAR – Serikali ya Mapinduzi ya Zanzibar (SMZ) imeipongeza Benki ya NMB kwa kusaini mkataba mnono wa udhamini wa Mashindano ya Mapinduzi Cup, hatua iliyobadili rasmi jina la mashindano hayo na sasa kuitwa NMB Mapinduzi Cup.

Udhamini huo unaanza rasmi na mashindano ya NMB Mapinduzi Cup 2026, yatakayoshirikisha timu 10 kutoka Tanzania Bara, Zanzibar na Uganda.

Timu Zitakazoshiriki NMB Mapinduzi Cup 2026

Mashindano hayo yatashirikisha:

• Tanzania Bara: Yanga, Simba SC, Azam FC, Singida Black Stars na TRA United
• Zanzibar: Mlandege, KVZ, Fufuni FC na Muembe Makumbi City
• Timu mwalikwa: URA FC ya Uganda

Michuano hiyo inatarajiwa kufikia tamati Januari 13, siku moja baada ya kilele cha Maadhimisho ya Miaka 62 ya Mapinduzi ya Zanzibar.

SMZ Yasifu Uzalendo na Ushirikiano wa NMB

Akizungumza wakati wa hafla ya kusaini mkataba huo, Waziri wa Habari, Sanaa, Utamaduni na Michezo wa SMZ, Riziki Pembe Juma, aliishukuru Benki ya NMB kwa kuyapa hadhi na thamani mashindano hayo, akieleza kuwa udhamini huo ni kielelezo cha uzalendo na ushirikiano wa kweli kati ya sekta binafsi na Serikali.

Alisema mkataba huo ni muendelezo wa ushirikiano uliodumu kwa muda mrefu kati ya NMB na SMZ, huku Serikali ikiahidi kuudumisha kwa manufaa ya Wazanzibar na Watanzania kwa ujumla.

“NMB mmetuonesha uzalendo mkubwa kwa kukubali kusaini mkataba huu kwa niaba ya Serikali. Udhamini huu si tu kubadili taswira ya mashindano, bali ni mkubwa na mnono zaidi kuwahi kutolewa,” alisema Waziri Pembe.

Aliongeza kuwa hata tuzo za Fair Play kwa wachezaji zitakazotolewa katika hatua mbalimbali za mashindano zinaonesha dhamira ya NMB ya kuyaimarisha na kuyaongezea mvuto mashindano hayo.

HARNESSING DIGITAL SYSTEMS TO DRIVE NATIONAL REVENUE EXPANSION

How ETS, Fuel Marking and Data-Driven Tools Transformed Tanzania’s Revenue Assurance Landscape in 2025

Tanzania’s revenue performance in 2025 continues to reflect a clear strategic shift: expanding the tax base while aggressively protecting and optimising existing revenue streams through digital systems.

In the first quarter of the 2025/2026 financial year, the Tanzania Revenue Authority (TRA) collected TZS 8.97 trillion, surpassing its quarterly target by more than 6 percent and recording a 15 percent year-on-year increase compared to the same period in 2024. At the centre of this achievement is the growing role of technology-led solutions such as Electronic Tax Stamps (ETS) and the Fuel Marking Programme, which are redefining how revenue assurance is delivered.

This progress underscores a powerful reality: when tax systems become smarter, the national purse becomes stronger.

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Turning Tax Systems into Intelligence Systems

The Electronic Tax Stamps (ETS) system has evolved beyond a compliance requirement to become a real-time intelligence engine. By replacing traditional paper stamps with secure, traceable digital tax stamps, regulators can now track excisable goods seamlessly from the factory floor to retail shelves.

During the 2024/2025 financial year, TRA collected TZS 32.26 trillion, achieving 103 percent of its target and marking a 16.7 percent increase from the previous year. TRA publicly credited technology-enhanced compliance mechanisms—particularly ETS—for strengthening the integrity of excise tax collection.

The impact has been especially notable in excise duty and VAT collections on domestic excisable products, which reached record levels in 2024/2025. Since TRA announced the ETS programme in 2016, excise duty revenues on marked products have increased by 94.4 percent, highlighting the long-term value of digital enforcement.

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Safeguarding Fuel Integrity: Protecting Revenue and Transparency

Fuel marking remains a cornerstone of protecting one of Tanzania’s most sensitive revenue streams—the petroleum sector. The system safeguards against fuel adulteration, illicit trade, and tax leakages, all while promoting consumer confidence.

According to EWURA reports, compliance rates now exceed 96 percent, with billions of litres of fuel tested and validated using invisible forensic markers. These markers enable instant verification of fuel authenticity and dilution detection, ensuring that both government revenues and consumers are protected.

AIRTEL EXPANDS NETWORK COVERAGE WITH FIVE NEW COMMUNICATION TOWERS ACROSS TANZANIA

Dar es Salaam, December 22, 2025 — Airtel Tanzania has continued to strengthen its footprint across the country by officially launching five new communication towers in the regions of Kigoma, Singida, Kilimanjaro, Geita, and Morogoro. The initiative is part of the company’s ongoing strategy to expand network coverage and improve access to reliable communication services for Tanzanians in both urban and rural areas.

Speaking during the launch in Kigoma, the Regional Manager, Mr. Issack Kijuu, noted that residents in some villages had long struggled to communicate with their relatives due to weak or completely unavailable network signals, particularly in low-lying areas.

“There have been times when villagers could not communicate at all. The construction of this tower is a major relief, and we sincerely appreciate Airtel for bringing this vital infrastructure to our community,” he said.

Boosting Connectivity in Central and Lake Zones

Addressing residents in Singida, the Central Zone Airtel Marketing Manager, Mr. Salum Ngururu, emphasized the importance of communication in driving social and economic development.

“We all recognize how essential communication is in our society. Airtel has therefore decided to expand its coverage to reach our brothers and sisters here in Singida. This tower will enable access to Airtel services such as voice calls, mobile money transactions, and high-speed 4G and 5G internet,” he explained.

In the Lake Zone, Airtel Manager Mr. Joseph Mushi told residents of Nyarututu Village in Bwanga Ward, Geita Region, that growing demand for communication—driven largely by digital transformation—has compelled Airtel to invest in areas that previously lacked reliable communication infrastructure.

“As digital growth continues, Airtel is expanding its network to underserved areas, just as we have done here in Geita, to ensure communities are not left behind,” he said.