A blog that gives out financial institutions news on time with accurate informations.


  • CRDB Bank Share up 16PC in three weeks

    CRDB bank share price has made an abrupt U-turn after appreciating by 16 per cent in the last three weeks.

  • TIB slashes losses, bad loans up!

    TIB Development Bank has considerably reduced its net loss 17 times to 582m/- in this year quarter two (Q2) after cutting expenses.

  • MALINZI blesses TFF elections

    THE ousted Tanzania Football Federation (TFF) President Jamal Malinzi has expressed gratitude to the government, sponsors and football stakeholders in the country for their massive support.

  • Barrick, government talks next week

    BARRICK Gold will begin discussions with the government on the concentrate export ban and other issues next week

Thursday, October 29, 2026

CHILDREN IN CROSSFIRE Na TET ZASAINI MoU KUIMARISHA ELIMU YA AWALI NA STADI ZA MSINGI

TAASISI ya Elimu Tanzania (TET) na Shirika lisilo la Kiserikali la Children in Crossfire zimesaini hati ya makubaliano (MoU) kwa lengo la kuimarisha elimu ya awali na elimu ya msingi, hususan katika madarasa ya kwanza na ya pili, kwa kuboresha stadi za kusoma, kuandika na kuhesabu kwa watoto.

Makubaliano hayo yanalenga kuimarisha uandaaji wa vifaa vya kufundishia na kujifunzia, kutoa mafunzo kwa walimu na kuimarisha ufuatiliaji wa utekelezaji wa programu za elimu katika shule, ili kuboresha mazingira ya ufundishaji na ujifunzaji na kuongeza uwezo wa watoto kumudu stadi za msingi.

Hafla ya utiaji saini wa makubaliano hayo imefanyika Oktoba 28, 2026, katika ofisi za TET Jijini Dar es Salaam, ikiwa ni hatua ya kurasimisha ushirikiano ambao umekuwa ukiendelea kwa miaka kadhaa kati ya taasisi hizo katika kuboresha elimu ya watoto.

Akizungumza katika hafla hiyo, Mkurugenzi Mkuu wa TET, Dkt. Aneth Komba, amesema makubaliano hayo yamekuja wakati mwafaka, wakati Serikali ya Awamu ya Sita kupitia Wizara ya Elimu, Sayansi na Teknolojia na taasisi hiyo ikiendelea kutekeleza mpango mkakati wa kuimarisha stadi za kusoma, kuandika na kuhesabu.

Amesema kupitia makubaliano hayo, taasisi hizo zitashirikiana kuimarisha uandaaji wa vifaa vya kufundishia na kujifunzia, miongozo ya walimu pamoja na mafunzo yatakayowawezesha walimu kutekeleza mtaala kwa ufanisi zaidi.

“Tunatarajia kupitia makubaliano haya tutaimarisha uandaaji wa vifaa vya kufundishia na kujifunzia, pamoja na miongozo ya walimu. Pia, tutaimarisha utoaji wa mafunzo ili kuwawezesha walimu wetu kutekeleza mtaala kwa umakini zaidi,” amesema Dkt. Komba.

Amesema ushirikiano huo pia utasaidia kuwajengea walimu uwezo wa kuandaa madarasa yanayochochea ushiriki wa watoto katika mchakato wa kujifunza, badala ya kutegemea zaidi mbinu za kawaida za ufundishaji.

Dkt. Komba, amesema kuwa Children in Crossfire ina uzoefu katika kuandaa vifaa vya kufundishia na kujifunzia vinavyosaidia kujenga mazingira ya darasa shirikishi, yanayomwezesha mtoto kushiriki kikamilifu na kufurahia kujifunza.

“Tunatarajia kushirikiana nao kujenga ujuzi huo na kuusambaza kwa walimu wetu ili waweze kuandaa madarasa yanayomfanya mtoto afurahie kujifunza, apende kukaa darasani, na zaidi ya yote, aweze kumudu stadi za kusoma, kuandika na kuhesabu,” amesema.

Kwa upande wake, Mkurugenzi Mkazi wa Children in Crossfire Tanzania, Craig Ferla, amesema kusainiwa kwa makubaliano hayo ni hatua muhimu katika kuimarisha ushirikiano uliokuwepo kwa miaka kadhaa kati ya shirika hilo na TET katika kutekeleza shughuli za kuboresha elimu.

Amesema shirika hilo limekuwa likishirikiana na TET katika uandaaji wa vifaa vya kufundishia na kujifunzia, mafunzo kwa walimu na ufuatiliaji wa utekelezaji wa programu za elimu ya awali shuleni.

“Leo ni siku muhimu kwa shirika letu kwa sababu tumeingia katika makubaliano rasmi na Taasisi ya Elimu Tanzania. Tumekuwa tukishirikiana kwa miaka kadhaa katika kuandaa vifaa vya kufundishia, kutoa mafunzo kwa walimu na kufuatilia utekelezaji wa programu za elimu ya awali,” amesema Ferla.

Ameeleza kuwa kufanikiwa kwa ushirikiano huo kutawezesha shirika hilo kuendelea kutekeleza miradi yake kupitia mifumo na rasilimali zilizopo katika sekta ya elimu nchini, kwa kuzingatia mazingira na muktadha wa elimu Tanzania.

Ferla amesema elimu ya awali na madarasa ya kwanza na ya pili yana umuhimu mkubwa katika safari ya elimu ya mtoto, kwa kuwa ni hatua ambazo hujenga msingi wa utayari wa shule na uwezo wa kumudu stadi muhimu za kujifunza.

Amesisitiza kuwa uwekezaji katika hatua hizo za mwanzo za elimu utasaidia watoto wengi zaidi kupata msingi imara wa kusoma, kuandika na kuhesabu, jambo litakalowawezesha kufanya vizuri zaidi wanapoendelea na elimu ya msingi na hatua nyingine za masomo.

Amesema kuimarishwa kwa msingi huo kutachangia pia kujenga rasilimali watu yenye maarifa na ujuzi unaohitajika katika kukuza uchumi wa Tanzania na kufikia malengo ya maendeleo ya taifa.

Kufikiwa kwa makubaliano hayo kunatarajiwa kuimarisha uratibu kati ya TET na Children in Crossfire, kupanua uwezo wa walimu katika kutumia mbinu bora za ufundishaji na kujenga mazingira yanayowawezesha watoto kupata stadi za msingi katika hatua za mwanzo za elimu yelimu yao.


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Wednesday, October 28, 2026

NU LIFE FERTILITY CENTRE YATUMIA TEKNOLOJIA YA PGT-A KUBAINI HITILAFU ZA KROMOSOMU KWENYE VIINITETE

Wanandoa wanaokumbwa na tatizo la kuharibika kwa mimba mara kwa mara au kushindwa kupata ujauzito licha ya kupata matibabu ya uzazi wanaweza kunufaika na maendeleo ya uchunguzi wa vinasaba unaosaidia kubaini hitilafu za kromosomu kwenye viinitete kabla ya kuhamishiwa kwenye mfuko wa uzazi.

Uchunguzi huo unaojulikana kitaalamu kama Preimplantation Genetic Testing for Aneuploidy (PGT-A), hufanyika kwa kuchunguza kromosomu za viinitete vilivyotengenezwa kupitia teknolojia ya urutubishaji nje ya mwili (In-vitro Fertilisation – IVF), ili kusaidia kubaini viinitete vyenye idadi inayotarajiwa ya kromosomu kabla ya kuchagua kiinitete cha kuhamisha kwenye mfuko wa uzazi.

Akizungumza jijini Dar es Salaam, Mkurugenzi wa Nu Life Fertility Centre, Ratheen Rawal, alisema kituo hicho kinaendelea kutumia maendeleo ya tiba ya uzazi ili kusaidia kukabiliana na changamoto za ugumba zinazowakabili wanandoa.

Alisema kituo hicho kinashirikiana na wataalamu mbalimbali kuhakikisha huduma mpya za matibabu ya uzazi zinapatikana nchini, hatua inayowawezesha wanandoa kupata fursa za matibabu bila kulazimika kutafuta huduma hizo nje ya ukanda huu.

Uchunguzi wa PGT-A husaidia kubaini viinitete vyenye idadi isiyo ya kawaida ya kromosomu, hali inayoweza kuathiri ukuaji wa kiinitete na kuhusishwa na baadhi ya matatizo ya kijenetiki, ikiwemo Down syndrome na Turner syndrome.

Nu Life Fertility Centre imefanya zaidi ya uchunguzi 800 wa kuchukua sampuli za seli kutoka kwenye viinitete tangu kuanza kutoa huduma hiyo takribani mwaka mmoja na nusu uliopita. Katika kipindi hicho, zaidi ya wanandoa 150 wamefanikiwa kupata ujauzito na kuubeba hadi kujifungua, kwa mujibu wa taarifa za kituo hicho.

Kwa wanandoa ambao wamewahi kupoteza mimba mara kwa mara, kuelewa sababu zinazoweza kuchangia hali hiyo na kujadiliana na mtaalamu wa uzazi kuhusu vipimo vinavyofaa kunaweza kuwasaidia kufanya maamuzi yenye taarifa zaidi kuhusu hatua zinazofuata za matibabu.

Daktari wa Nu Life Fertility Centre, Dk Sheila Ramadhani, alisema hitilafu za kromosomu ni miongoni mwa sababu kuu za kuharibika kwa mimba katika miezi mitatu ya mwanzo ya ujauzito. Alisema uchunguzi wa vinasaba unaweza kuwa muhimu kwa baadhi ya wanandoa wanaokumbwa na tatizo hilo mara kwa mara.

Alieleza kuwa kipimo cha PGT-A hufanyika baada ya mayai ya mwanamke kurutubishwa kwa mbegu za mwanaume kupitia teknolojia ya IVF na kutengeneza viinitete, lakini kabla ya kiinitete kuhamishiwa kwenye mfuko wa uzazi.

“Baadhi ya wanandoa hupata mimba na kuharibikiwa mara mbili au tatu, huku wengine wakishindwa kupata ujauzito licha ya kutumia matibabu mbalimbali ya uzazi. Katika baadhi ya hali hizo, hitilafu za kromosomu zinaweza kuwa chanzo cha tatizo,” alisema.

Aliongeza kuwa kipimo hicho kinaweza kuwasaidia madaktari kufanya maamuzi yenye taarifa zaidi wakati wa kuchagua kiinitete cha kuhamisha, hususan kwa wagonjwa wenye historia ya kuharibikiwa mimba mara kwa mara au viinitete kushindwa kujipandikiza kwenye mfuko wa uzazi.

Kwa upande wake, Mkurugenzi wa Tiba wa kituo hicho, Dk Madhav Hiran, alisema utaratibu huo unahusisha kuchukua idadi ndogo ya seli kutoka kwenye tabaka la nje la kiinitete ambacho kimefikia hatua ya ukuaji inayojulikana kama blastocyst, ambayo kwa kawaida hufikiwa takribani siku ya tano baada ya urutubishaji.

Alisema seli hizo hufanyiwa uchunguzi ili kutathmini muundo wa kromosomu za kiinitete kabla ya kuamua ni kiinitete kipi kitakachohamishiwa kwenye mfuko wa uzazi.

Dk Hiran alisema kubaini viinitete vyenye idadi inayotarajiwa ya kromosomu kunaweza kusaidia katika kupanga matibabu ya IVF, hasa kwa wagonjwa ambao wamewahi kuharibikiwa mimba mara kwa mara au kukumbwa na changamoto ya viinitete kushindwa kujipandikiza.

“Viinitete vinapofikia hatua ya blastocyst, tunachukua seli tatu hadi nne kutoka kwenye tabaka la nje linaloitwa trophectoderm na kuzipeleka kwa uchunguzi. Kipimo hicho huchunguza kromosomu zote 46 na kutusaidia kubaini iwapo kiinitete kina idadi inayotarajiwa ya kromosomu,” alisema.

Wataalamu wanasisitiza umuhimu wa wanandoa wanaokabiliwa na changamoto za uzazi kupata ushauri wa kitaalamu ili kubaini vipimo na njia za matibabu zinazoweza kuwafaa kulingana na historia na hali zao za kiafya. PGT-A si kipimo kinachohakikisha mafanikio ya IVF, na kufaa kwake hutegemea hali ya kila mgonjwa pamoja na ushauri wa mtaalamu wa uzazi.
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Tuesday, October 27, 2026

NBC BACKS AFRICAN INVESTMENT OPPORTUNITIES THROUGH NEW iTRUST ETFs TARGETING FINANCE, MINING & TECHNOLOGY

NBC Bank Managing Director, Theobald Sabi delivers his remarks during the launch of three new investment funds introduced by iTrust Finance, targeting Africa’s financial services, mining, telecommunications and technology sectors. NBC Bank serves as trustee and custodian of the funds.
NBC Bank Managing Director, Theobald Sabi (second left), alongside other stakeholders, including Capital Markets and Securities Authority (CMSA) Director of Market Supervision and Investigation, Exaut Julius (far left), follows proceedings during the launch of three new investment funds introduced by iTrust Finance, targeting Africa’s financial services, mining, telecommunications and technology sectors. NBC Bank serves as trustee and custodian of the funds.
Dar es Salaam, October 27, 2026 – National Bank of Commerce (NBC Bank) is strengthening its role in Tanzania’s capital markets by serving as trustee and custodian of three new investment funds launched by iTrust Finance, offering investors exposure to Africa’s financial services, mining, telecommunications and technology sectors.
Three New ETFs Expand Investment Opportunities

The iAfrica Financials ETF, iAfrica Mining ETF, and iAfrica Telco and Tech ETF provide individual and institutional investors with access to companies listed on African stock markets through the Dar es Salaam Stock Exchange (DSE).

The funds aim to connect investors with sectors that play an important role in driving Africa’s economic growth and development.

Speaking at the launch in Dar es Salaam, NBC Managing Director Theobald Sabi said strong financial institutions were essential to protecting investors’ interests and supporting the growth of increasingly interconnected African capital markets.

“As African capital markets become increasingly interconnected, investors need strong and dependable financial institutions that can safeguard their assets and facilitate efficient, secure and cost-effective cross-border transactions,” Sabi said.

NBC Strengthens Capital Markets Infrastructure

NBC’s appointment as trustee and custodian builds on its longstanding partnership with iTrust Finance and underscores the bank’s contribution to the institutional infrastructure supporting investment products.

Its capabilities include securities custody, trustee services, registry management and collections, complemented by corporate and investment banking services.

The partnership has previously supported other investment initiatives, including the East African Community (EAC) Large Cap ETF, whose initial offer attracted TZS 54.03 billion against a target of TZS 10 billion.

The fundraising outcome demonstrated the potential of exchange-traded funds (ETFs) to mobilise savings and connect investors with diversified investment opportunities.

Funds Target Key African Economic Sectors

The three new iAfrica ETFs extend this approach to sectors with significant economic importance.

Financial services facilitate access to finance and support economic activity, while mining contributes to natural resource development and export earnings. Telecommunications and technology, meanwhile, enable digital connectivity, innovation and the expansion of digital services.

By targeting these sectors, the funds offer investors additional opportunities to participate in the development of African markets through investment products available on the DSE.
NBC Opens Nationwide Support for Investors

Sabi reaffirmed NBC’s commitment to supporting investor participation during the initial offer period, which opened on October 26 and closes on November 27, 2026.

Investors can access subscription assistance through the bank’s nationwide branch network and digital banking channels, including its mobile application.

He encouraged prospective individual and institutional investors to review the offer documents, understand the funds’ objectives and associated risks, and make informed investment decisions.

CMSA Highlights Importance of Collaboration

The launch was officiated by Exaut Julius, Director of Market Supervision and Investigation at the Capital Markets and Securities Authority (CMSA), representing the authority’s Chief Executive Officer, CPA Nicodemus Mkama.

Representatives from the Dar es Salaam Stock Exchange (DSE) and the Bank of Tanzania (BoT) also attended. Sabi was accompanied by NBC Director of Business Banking Elvis Ndunguru and other bank officials.

Julius emphasised the importance of collaboration among regulators, fund managers, trustees and custodians in building investor confidence and supporting the development of Tanzania’s capital markets.

“Collaboration among capital market stakeholders is vital to building investor confidence, supporting transparency and expanding access to investment opportunities,” Julius said.

iTrust Chairman Highlights Africa’s Investment Potential

Meanwhile, iTrust Finance Chairman of the Board of Directors Aunali Rajabali drew on his 25 years of experience investing in East African stock markets to highlight the importance of investment discipline and a long-term perspective.

Rajabali identified Africa’s youthful population, abundant natural resources and growing technology adoption as key factors underpinning the investment opportunities presented by the new funds.

He also acknowledged the contribution of institutional partners, including NBC, in supporting the development and administration of investment products.

“Strong institutional partnerships are essential to developing investment products that investors can access with confidence. NBC’s involvement is an important part of the institutional support behind our investment initiatives,” Rajabali said.

NBC Reaffirms Commitment to Investment Growth

Speaking at the event, NBC Director of Business Banking Elvis Ndunguru said the partnership with iTrust Finance reflected the bank’s commitment to developing investment products that connect savings with opportunities across African markets.

“The initiative also highlights the role of trusted financial institutions like NBC in strengthening market participation and supporting the financial infrastructure needed for long-term economic growth,” Ndunguru said.

The launch marks another step in expanding access to investment opportunities through Tanzania’s capital markets, with the new ETFs providing investors with additional options for gaining exposure to key sectors across Africa.
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Thursday, October 15, 2026

ABSA LAUNCHES “MKWANJA KILAINI, NA KADI YA ABSA” CAMPAIGN, GIVING AWAY TZS 60 MILLION IN CASH REWARDS

Absa Bank Tanzania Head of Personal and Private Banking Products and Strategy, Mr. Heristraton Genesis (left), speaks in Dar es Salaam today during the official launch of the 'Mkwanja Kiulaini na Kadi ya Absa' campaign, which aims to encourage the use of digital banking services. Absa has set aside TZS 60 million in cash prizes for the three-month campaign. On the right is Card Issuing Manager, Ms. Erica Mwaipopo.

Absa Bank Tanzania has launched a three-month customer rewards campaign offering TZS 60 million in cash prizes to customers who use its debit and credit cards for everyday transactions.

Dubbed “Mkwanja Kilaini, na Kadi ya Absa” , the nationwide campaign will run from October 15, 2026, to January 15, 2027, as the bank seeks to encourage wider adoption of digital payments and cashless transactions.

Under the campaign, nine monthly winners will share TZS 30 million, with three winners selected each month. The first-prize winner will receive TZS 5 million, the second-prize winner TZS 3 million and the third-prize winner TZS 2 million.

An additional TZS 30 million grand prize will be awarded to one customer at the end of the promotion, bringing the total value of the rewards to TZS 60 million.

Speaking at the launch on behalf of the Director of Personal and Private Banking, Absa Bank Tanzania Head of Personal and Private Banking Products and Strategy, Mr. Heristraton Genesis, said the initiative reflects the bank’s commitment to rewarding customers while encouraging safer and more convenient banking practices.

“At Absa, we continuously look for innovative ways to reward our customers while encouraging smart financial habits. Through the ‘Mkwanja Kilaini, na Kadi ya Absa’ campaign, customers simply need to use their Absa debit or credit cards for everyday purchases and transactions to stand a chance of winning life-changing cash prizes,” he said

Mr. Genesis added that the more qualifying transactions customers make, the more opportunities they have to enter the raffle draws.

He noted that card payments provide convenience, enhanced security, global acceptance and easier access to digital commerce, making them an increasingly practical option in today’s digital economy.

The campaign is open to existing and new Absa customers aged 18 and above who hold an Absa debit or credit card. Customers must make qualifying transactions using their cards and eligible digital banking channels during the promotional period.

Winners will be selected through monthly raffle draws conducted under the supervision of the Gaming Board of Tanzania.

Absa Bank Tanzania Citizenship and Events Manager, Ms. Abigail Lukuvi, said the campaign reinforces the bank’s commitment to placing customers at the centre of its operations.

She said the initiative follows Customer Service Week but represents the bank’s continued efforts to recognise and appreciate customers beyond the annual celebration.

“Our customers are the heart of our business, and ‘Mkwanja Kilaini, na Kadi ya Absa’ is another opportunity for us to recognise, reward and appreciate the trust they continue to place in us every day,” Ms. Abigail said.

She added that Absa had conducted customer reward campaigns for three consecutive years, with previous promotions offering substantial cash prizes and other valuable rewards, including motor vehicles.

According to Ms. Abigail, the campaigns support the bank’s purpose of “Empowering Africa’s tomorrow, together… one story at a time” by recognising customers and helping them achieve goals that matter to them.

The latest promotion also forms part of Absa’s broader strategy to expand digital banking adoption and encourage cashless payments for everyday spending, online purchases and business transactions.

Customers seeking further information about the campaign and its terms and conditions can visit any Absa branch, contact the bank’s Contact Centre or access its website at www.absa.co.tz.
Absa Bank Tanzania Card Issuing Manager, Ms. Erica Mwaipopo, speaks in Dar es Salaam today during the official launch of the 'Mkwanja Kiulaini na Kadi ya Absa' campaign, which aims to encourage the use of digital banking services. Absa has set aside TZS 60 million in cash prizes for the three-month campaign. To her right is Head of Personal and Private Banking Products and Strategy, Mr. Heristraton Genesis, alongside other bank employees.
Absa Bank Tanzania Head of Personal and Private Banking Products and Strategy Strategy, Mr. Heristraton Genesis (seated, fourth from left), poses for a group photo with some of the bank’s employees during the official launch of the 'Mkwanja Kiulaini na Kadi ya Absa' campaign, which aims to encourage the use of digital banking services. Absa has set aside TZS 60 million in cash prizes for the three-month campaign.
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Wednesday, October 7, 2026

ABSA BANK TANZANIA CELEBRATES CUSTOMER SERVICE WEEK 2026 BY GOING THE EXTRA MILE FOR CUSTOMERS

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (third left), joins some of the bank’s customers, Evitta Francis (second left) and Adili Mchata, in cutting a cake to officially mark the launch of the bank’s Customer Service Week at the Mikocheni Branch in Dar es Salaam today. On the left is the Director of Retail Banking, Ms. Ndabu Swere.

Absa Bank Tanzania today joined organizations around the world in celebrating Customer Service Week 2026, with the Bank’s Managing Director and Chief Executive Officer, Obedi S. Laiser, officiating the celebrations at the Bank’s Mikocheni Branch, Palm Village, in Dar es Salaam.

The event brought together customers and colleagues under this year’s global Customer Service Week theme, “Extra Mile” highlighting the Bank’s commitment to delivering exceptional customer experiences and creating meaningful impact through every customer interaction.

Speaking during the event, Mr. Laiser emphasized that customer service is at the heart of Absa’s purpose and that every customer interaction contributes to a broader story of growth, ambition and progress.

“Every customer has a story, and every interaction we have with that customer becomes part of that story. At Absa, our brand promise is simple: Your story matters. Behind every transaction, enquiry, application or complaint is a person with ambitions, challenges and expectations. Banking is therefore not only about products and processes; it is about people and the role we can play in helping them move forward,” said Mr. Laiser.

He noted that going the extra mile does not always require grand gestures, but rather the consistent delivery of excellent service through listening carefully, responding promptly, taking ownership and resolving customer needs effectively.

The celebration also provided an opportunity for the Bank’s leadership to engage directly with customers and hear first-hand about their experiences, expectations and aspirations. Following the event, Mr. Laiser visited customers at their business premises, reinforcing Absa’s customer-centric approach and commitment to understanding customers beyond the banking hall.

Addressing customers and colleagues, Mr. Laiser highlighted the importance of embedding a culture that places customers at the centre of every decision and action across the Bank.

“Culture is ultimately experienced by the customer. It is reflected in how quickly we respond, how effectively we collaborate, whether we take ownership when challenges arise, and whether we are prepared to go beyond the minimum required to find solutions. Our customers experience one Absa, and it is our collective responsibility to ensure that experience is seamless and memorable,” he said.

He further underscored the need to combine technological innovation with genuine human connection as customer expectations continue to evolve.

“Our responsibility is to bring together technology and human connection, efficiency and empathy, innovation and trust. As we continue improving our products, platforms and ways of working, we must ensure that every advancement translates into a better experience for the customer,” he added.

As part of the celebrations, Absa recognized the important role employees across all functions play in delivering exceptional customer experiences, including teams working behind the scenes to support seamless service delivery.

Mr. Laiser also expressed gratitude to customers for their continued trust and loyalty.

“As we mark Customer Service Week 2026, we thank our customers for choosing Absa Bank Tanzania and entrusting us with their ambitions, businesses, families and financial journeys. We do not take that trust for granted. Your feedback helps us learn, improve and continuously raise the standard of service we provide,” he said.

Customer Service Week serves as a reminder of Absa’s ongoing commitment to making the Extra Mile more than a theme, but a daily standard that shapes how the Bank listens, responds, creates value and delivers excellence for every customer.
Absa Bank Tanzania Managing, Mr. Obedi Laiser (right), presents a certificate to one of the bank’s employees, Ms. Suma Poland, in recognition of her outstanding performance during the launch of Customer Service Week at the bank’s Mikocheni Branch in Dar es Salaam today. On the left is the bank’s Director of Retail Banking, Ms. Ndabu Swere.

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (third left), joins some of the bank’s customers, Evitta Francis (second left) and Adili Mchata, in cutting a cake to officially mark the launch of the bank’s Customer Service Week at the Mikocheni Branch in Dar es Salaam today. On the left is the Director of Retail Banking, Ms. Ndabu Swere.
Absa Bank Mikocheni Branch staff pose for a group photo after the official launch of the bank's 2026 Customer Service Week. (Photos by MPP Media)
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Monday, October 5, 2026

ABSA CHAMPIONS WOMEN’S FINANCIAL EMPOWERMENT THROUGH FINANCIAL LITERACY

Absa Bank Tanzania Product and Channels Manager, Ms. Devroda Kagusa, delivers a presentation on women’s financial empowerment during a one-day financial literacy seminar titled “Women & Wealth: Road to Financial Freedom,” organised by Accelerate Women and principally sponsored by Absa Bank Tanzania in Dar es Salaam.

FOR many women, earning an income is only the beginning of the journey towards financial independence. Understanding how to save, invest and make effective use of financial services can determine whether that income translates into long-term financial security.

This was the message emerging from a women’s financial literacy clinic held in Dar es Salaam under the theme “Road to Financial Freedom”, organised by Accelerate Women and sponsored by Absa Bank Tanzania.

Speaking at the event, Absa Bank Tanzania Manager for Products and Channels, Ms Devroda Kagusa, said financial knowledge was essential in helping women make informed decisions about their finances.

“We at Absa take pride in supporting such events. Today’s event provides an opportunity for women to learn, get informed and make informed decisions on using financial services that can enhance their financial inclusion,” she said.

Ms Devroda women’s financial journeys were consistent with Absa’s brand promise, “Your Story Matters,” adding that the bank recognised the contribution of women engaged in various productive and entrepreneurial activities.

She said financial freedom was not simply about having money, but also about having the knowledge and ability to use financial services effectively to meet personal and business needs.

“Absa is fully committed to and inspired by initiatives such as this, which give women an opportunity to learn about financial services that can enable them to take charge of their financial affairs,” she said.

She pointed to Absa’s SHE Account as an example of a financial product designed to respond to women’s specific needs.

Meanwhile, Accelerate Women Director Ms Bernice Fernandes said the organisation had identified financial and investment knowledge as an important area requiring greater attention among women.

“Research showed that women lack knowledge of how to invest their money. This is what informed our decision to hold this clinic,” Ms Bernice said.

She said the training was intended to help women make better financial decisions, develop effective saving habits and invest prudently.

“This enables them not only to improve their own financial wellbeing but also to contribute towards Tanzania’s economic growth,” she said.

Accelerate Women Board Member Ms Monica Hangi said women controlled significant amounts of money but often lacked adequate knowledge about suitable investment opportunities.

She urged women to acquire financial knowledge that could help them turn their income and savings into sustainable investments and grow their capital.
Absa Bank Tanzania Assistant Business Assurance Manager, Ms. Miriam Ngajilo, delivers a presentation on financial inclusion during a one-day financial literacy seminar titled “Road to Financial Freedom,” organised by Accelerate Women and principally sponsored by Absa Bank Tanzania in Dar es Salaam yesterday.
Absa Bank Tanzania Product and Channels Manager, Ms. Devroda Kagusa (second left), shakes hands with Accelerate Women Director, Ms. Bernice Fernandes, during a one-day financial literacy seminar titled “Road to Financial Freedom,” organised by Accelerate Women and principally sponsored by Absa Bank Tanzania in Dar es Salaam yesterday. Also pictured are officials from the financial institution.
Accelerate Women Director, Ms. Bernice Fernandes (centre), poses for a group photo with Absa Bank Tanzania officials and other participants during a one-day financial literacy seminar titled “Road to Financial Freedom,” organised by Accelerate Women and principally sponsored by Absa Bank Tanzania in Dar es Salaam yesterday.
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Sunday, October 4, 2026

GOING THE EXTRA MILE: TURNING EVERYDAY SERVICE INTO MEANINGFUL IMPACT

By Obedi S. Laiser - Managing Director & CEO, Absa Bank Tanzania

Every customer has a story, and every interaction we have with that customer becomes part of that story.

It may be a small business owner looking for capital to grow, a parent saving for a child’s education, a young professional taking their first steps towards financial independence, or a Tanzanian living abroad looking to invest back home.

At Absa Bank Tanzania, our promise is simple: Your Story Matters.

Behind every transaction, enquiry, application or complaint is a person with ambitions, challenges and expectations. For us, banking is therefore not only about products, processes or transactions. It is about people, their journeys and the role we can play in helping them move forward.

That is why this year’s Customer Service Week theme, Going the Extra Mile, resonates strongly with us.

Going the Extra Mile does not always require a grand gesture. More often, it is found in the small things we do consistently well — listening carefully, responding promptly, explaining clearly, solving problems and taking ownership until the customer receives the outcome they need.

It is the branch colleague who takes extra time to understand a customer’s needs. It is the relationship manager who follows through on an important request. It is the contact centre adviser who remains patient while resolving an issue. It is also the operations, technology, risk and support teams working behind the scenes to ensure the customer’s experience is seamless.

Customers may not always see all the people involved, but they experience the outcome. And those outcomes matter.

When a business receives the right financial support, it can grow, create jobs and contribute to the economy. When a family receives timely assistance, important plans remain on track. When a customer feels heard, respected and valued, trust grows.

That is where our purpose comes to life: Empowering Africa’s tomorrow, together… one story at a time.

Culture must be experienced by the customer

At Absa, going the Extra Mile is also closely connected to the cultural transformation we are continuing to drive across our organization. We are deliberately strengthening a culture that places the customer at the centre of how we think, act and deliver. This means moving from internal focus to customer value, ensuring that we consistently ask ourselves what value our actions create for the customer.

It means moving from completing processes to owning outcomes, because completing a task is not enough if the customer’s need remains unresolved. And it means moving from settling for “good enough” to consistently pursuing excellence and raising the standard of service we provide.

Culture is ultimately experienced by the customer.

It shows up in how quickly we respond, how well we collaborate, whether we take ownership when something goes wrong, and whether we are prepared to go beyond the minimum required to find a solution.

Our customers experience one Absa. They do not see our departments, reporting lines or internal processes. They experience the collective outcome of how effectively we work together.

This is why customer service cannot be the responsibility of frontline teams alone. It is the responsibility of every colleague across the Bank.

Combining innovation with the human touch

Customer expectations continue to evolve.

Today’s customers want banking that is fast, simple, convenient and increasingly digital. At the same time, they still expect empathy, trust and genuine human connection.

Our responsibility is to bring these together — technology and human connection, efficiency and empathy, innovation and trust.

As we continue improving our products, platforms and ways of working, we must ensure that progress translates into a better experience for the customer.

For us, Customer Service Week therefore cannot be something we celebrate for a few days and then move on from.

The Extra Mile must increasingly become part of how we work every day — how we listen, how we respond, how we solve problems, how we take accountability and how we continuously improve.

A thank you to our customers

As we mark Customer Service Week 2026, I would particularly like to thank our customers for choosing Absa Bank Tanzania and for continuing to trust us with your ambitions, businesses, families, and financial journeys.

We do not take that trust for granted.

Thank you also for your feedback, both when we get things right and when you challenge us to do better. Your experiences help us learn, improve and continuously raise the standard of service we provide.

To my colleagues across Absa, this week is also an opportunity to recognize the many people who go the Extra Mile every day, including those whose contributions happen quietly behind the scenes.

But it must also challenge us.

Our commitment should be to make the Extra Mile more than a theme.

It should become part of our everyday standard, how we listen, how we respond, how we take ownership, how we create value and how we pursue excellence.

Because every customer has a story.

Every interaction becomes part of that story.

And every one of us has an opportunity to make that story better.

Your Story Matters.
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Thursday, October 1, 2026

DKT.YONAZI ATEMBELEA UBALOZI WA TANZANIA NCHINI UTURUKI


Na, Mwandishi Wetu – Ankara Uturuki

Katibu Mkuu Ofisi ya Waziri Mkuu Sera, Bunge, Uratibu na Wenye Ulemavu Dkt. Jim Yonazi ameupongeza Ubalozi wa Jamhuri ya Muungano wa Tanzania nchini Uturuki kwa kuendelea kuimarisha mahusiano baina ya nchi hizo mbili katika maeneo mbalimbali ikiwemo ya kidiplomasia, biashara, uwekezaji, na maendeleo ya kijamii.
Dkt. Yonazi ametoa pongezi hizo alipotembelea Ofisi za Ubalozi huo ikiwa ni sehemu ya ziara yake ya kikazi mjini Ankara, Uturuki iliyolenga kuimarisha uwezo wa kitaasisi, kuongeza maarifa ya kiufundi na kukuza ushirikiano katika kupunguza vihatarishi vya maafa, kukabiliana na dharura na mifumo ya kurejesha hali kwa kutumia mifumo ya kisasa ya kiteknolojia.
Dkt. Yonazi amesema kuwa ushirikiano kati ya Tanzania na Uturuki unazidi kuimarika kwa kasi kubwa, ukiongozwa na diplomasia ya kiuchumi, miongozo ya kimkakati kama vile Dira ya Taifa ya Maendeleo ya 2050 ya Tanzania, pamoja na ziara za kitaifa za viongozi wakuu wa nchi hizo mbili. 
Naye Kaimu Balozi Bi. Levina Maleo ambaye ni Mkuu wa Utawala wa ubalozi amempongeza na kumshukuru katibu Mkuu huyo kwa kutembelea ofisi za Ubalozi na kueleza kuwa wataendeleza mashirikiano yaliyopo kati ya nchi hizo mbili na kuendelea kutangaza fursa mbalimbali zilizopo nchini hasa za elimu, afya na kijamii.
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Monday, September 28, 2026

MIXX BY YAS YAONGEZA NGUVU JUHUDI ZA SERIKALI KUIMARISHA KILIMO NA VYAMA VYA USHIRIKA TANGA

Mrajis wa Vyama vya Ushirika Mkoa wa Tanga, Bi. Enikia Wilfred (watatu kushoto), akikabidhi pikipiki kwa viongozi wa Chama Kikuu cha Ushirika wa Maziwa Tanga (TDCU). Pikipiki hiyo imetolewa na Mixx by Yas kupitia kampeni yake ya Vuna na Mixx, kwa lengo la kusaidia TDCU katika shughuli za ukusanyaji wa maziwa kutoka kwa wakulima na kuongeza ufanisi katika mnyororo wa thamani wa sekta ya maziwa. Wengine pichani ni Meneja Biashara wa Mixx by Yas Kanda ya Pwani Kaskazini, Anwar Kisesa, pamoja na maafisa wengine kutoka Mixx by Yas na TDCU.

TANGA: Mixx by Yas imeendelea kuunga mkono juhudi za Serikali za kuimarisha sekta ya kilimo na vyama vya ushirika kwa kutoa vitendea kazi kwa vyama vya ushirika mkoani Tanga, ikiwa ni sehemu ya mkakati wake wa kuongeza matumizi ya huduma za kifedha za kidijitali na kuchochea maendeleo ya wakulima.

Akizungumza wakati wa hafla ya makabidhiano, Meneja wa Uhusiano wa Biashara na Serikali na Taasisi zake wa Mixx by Yas, Suleiman Asilia Khamis, alisema kampuni hiyo inalenga kujenga ushirikiano unaokwenda zaidi ya kuwezesha malipo kwa wakulima.

“Mixx by Yas tunaunga mkono juhudi za Serikali katika kuimarisha sekta ya kilimo, vyama vya ushirika na matumizi ya mifumo ya kidijitali katika kufanya malipo kwa wakulima. Dhamira yetu ni kuhakikisha teknolojia na huduma za kifedha zinakuwa sehemu ya kuongeza ufanisi katika mnyororo mzima wa thamani wa kilimo,” alisema Khamis.

Katika hafla hiyo, Mixx by Yas ilikabidhi pikipiki na freezer kwa Tanga Dairy Cooperative Union (TDCU), vitakavyosaidia katika ukusanyaji wa maziwa kutoka kwa wakulima pamoja na shughuli za uuzaji wa maziwa.

Kwa upande wa Tanga Rural Cooperative Union (TARECU), inayoshirikiana na wakulima wa mazao mbalimbali yakiwemo kakao, ufuta, mbaazi na korosho, Mixx by Yas imetoa guta litakalosaidia kusafirisha mazao kutoka mashambani kwenda katika vituo vya ukusanyaji.

Khamis alisema hatua hiyo ni sehemu ya dhamira ya Mixx by Yas ya kuunganisha huduma za kifedha za kidijitali na mahitaji halisi ya wakulima, ili kuongeza ufanisi, kurahisisha malipo na kuimarisha shughuli za vyama vya ushirika.

“Hatuangalii malipo pekee. Tunataka mkulima aione Mixx by Yas kama mshirika anayekuwa naye kuanzia shambani, katika ukusanyaji wa mazao hadi anapopokea malipo yake. Huu ni mchango wetu katika kujenga kilimo chenye tija, vyama vya ushirika imara na uchumi wa kidijitali unaomfikia mkulima moja kwa moja,” alisema.

Hafla hiyo ilihudhuriwa na viongozi wa TDCU, TARECU na Vyama vya Ushirika vya Msingi vya Wakulima (AMCOS), huku makabidhiano yakiongozwa na Mrajis wa Vyama vya Ushirika Mkoa wa Tanga, Bi. Enikia Wilfred.

Kwa upande wake, Bi. Wilfred aliipongeza Mixx by Yas kwa kuendelea kushirikiana na vyama vya ushirika na kuunga mkono juhudi za Serikali za kuimarisha sekta hiyo.

“Tunapongeza Mixx by Yas kwa ushirikiano huu. Vitendea kazi vilivyotolewa kupitia kampeni ya Vuna na Mixx vitasaidia vyama vyetu kuongeza ufanisi katika ukusanyaji na usafirishaji wa mazao na maziwa, na hatimaye kuongeza tija na kipato kwa wakulima,” alisema Bi. Wilfred.

Hatua hiyo inaendelea kuonyesha nafasi ya teknolojia na huduma za kifedha za kidijitali katika kusaidia shughuli za kilimo, kuimarisha vyama vya ushirika na kuongeza ufanisi katika mnyororo wa thamani wa mazao nchini.

Endelea kufuatilia Kitomari Banking & Finance Blog kwa habari na uchambuzi zaidi kuhusu biashara, benki, fedha, teknolojia na maendeleo ya sekta mbalimbali nchini Tanzania

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ABSA BANK TANZANIA REAFFIRMS COMMITMENT TO WOMEN IN TECHNOLOGY AT GIRLCODE HACKATHON 2026

Absa Bank Tanzania Chief Operating Officer, Mr. Oscar Mwamfwagasi, addresses participants during the closing ceremony of the 2026 edition of the GirlCode Hackathon in Dar es Salaam yesterday. The GirlCode Hackathon is part of GirlCode’s wider Pan-African initiative to empower young women with practical technology skills, mentorship, and opportunities to develop solutions that address real challenges in their communities.

Absa Bank Tanzania has reaffirmed its commitment to empowering women in technology following the successful conclusion of the GirlCode Hackathon 2026, a two-day innovation challenge that brought together young women coders, developers and entrepreneurs from across the country.

Held in partnership with Neurotech, Sahara Ventures, Snippe, Sndbx Spaces and GirlCode Africa, the hackathon provided participants with a platform to develop digital solutions to real-world challenges in financial technology (Fintech), Artificial Intelligence (AI) and cybersecurity.

Speaking during the closing ceremony in Dar es Salaam on Sunday evening, Absa Bank Tanzania Chief Operating Officer, Mr Oscar Mwamfwagasi, commended the participants for their creativity, determination and problem-solving abilities.

“Your solutions stood out not only for their technical excellence but also for their potential to make a real difference. You have tackled complex challenges with boldness and brilliance, proving that innovation knows no gender and that the future of technology is brighter because of you,” he said.

Mr Mwamfwagasi said the hackathon was more than a competition, describing it as a platform for learning, collaboration, growth and transformation. He noted that participants had developed solutions ranging from ecosystem banking platforms to AI-powered optimisation engines, demonstrating the capacity of young Tanzanian women to contribute to the country’s next wave of technological innovation.

“When women are given the opportunity, they don’t just participate, they lead,” he said. “The next generation of tech leaders is already here.”

He further reaffirmed Absa Bank Tanzania’s commitment to creating inclusive pathways for women in technology, in line with the bank’s purpose, “Empowering Africa’s Tomorrow, Together, One Story at a Time,” and its brand promise, “Your Story Matters.”

“Events like this are not just about coding; they are about creating pipelines. We are identifying talent, nurturing potential and opening doors. Absa Bank Tanzania is committed to ensuring that young women who participated here have access to opportunities such as internships, mentorship and future employment,” he said.

Encouraging participants who did not win awards, Mr Mwamfwagasi urged them to remain focused on developing their skills and pursuing their ideas.

“Every great technologist has faced setbacks. What matters is how you respond. Take what you have learned here and keep building, keep dreaming and keep pushing boundaries,” he said.

Representing the overall winning team, Team Rafikis, Ms Lilian Msaki, an Information Technology engineering graduate from the Dar es Salaam Institute of Technology (DIT), expressed her appreciation to Absa Bank Tanzania and GirlCode Africa for organising the hackathon.

She said the competition had helped her gain greater confidence in using technology to develop solutions to different challenges.

“I would like to encourage all women with ideas not to be afraid to come forward. You can solve many problems through technology,” said Ms Lilian.

Speaking at the event, Absa Bank Tanzania Chief Information Officer, Mr Emanuel Mwinuka, said initiatives such as the GirlCode Hackathon could contribute to addressing the gender imbalance among computer systems professionals in Tanzania.

“This challenge is not only in banks but also in other industries. That is why we at Absa decided to encourage young women from universities and workplaces to take advantage of opportunities in technology and to use technology to develop solutions,” he said.

Mr Mwinuka described the 2026 edition as a successful event, noting that the winners would have an opportunity to represent Tanzania in a wider international competition involving winners from other participating countries.

“Today’s event has been very successful. We have had three winners. Since this event is also taking place in other countries, the first-place winner will have the opportunity to compete with winners from other nations through their solutions, with the best solution receiving another award,” he said.

The GirlCode Hackathon 2026 concluded with an awards ceremony and networking sessions, alongside a shared commitment among organisers and participants to sustain efforts aimed at increasing women’s participation and leadership in Tanzania’s technology ecosystem.

Team Rafikis emerged as the overall winner, followed by Team Bizlift in second place and Team Nexora in third place.
Absa Bank Tanzania Head of Learning, Ms. Doris Kibassa (fifth left), presents a certificate to members of Team Rafikis, the first-place winners of the 2026 edition of the GirlCode Hackathon, during the closing ceremony held in Dar es Salaam on Sunday evening. The GirlCode Hackathon is part of GirlCode’s wider Pan-African initiative to empower young women with practical technology skills, mentorship, and opportunities to develop solutions that address real challenges in their communities. Also pictured are representatives from Absa Bank Tanzania and the programme’s partners.
Absa Bank Tanzania Chief Information Officer, Mr. Emanuel Mwinuka (left), speaks during the closing ceremony of the 2026 edition of the GirlCode Hackathon in Dar es Salaam yesterday.
Absa Bank Tanzania Chief Operating Officer, Mr. Oscar Mwamfwagasi (left), presents a certificate of appreciation to the bank’s Project Portfolio Manager, Ms. Munira Chambuso, during the closing ceremony of the 2026 edition of the GirlCode Hackathon in Dar es Salaam yesterday. Looking on is the bank’s Chief Information Officer, Mr. Emanuel Mwinuka.
Participants in the 2026 edition of the Absa GirlCode Hackathon pose for a group photograph during the hackathon’s closing ceremony in Dar es Salaam yesterday.
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Sunday, September 27, 2026

KASI kubwa ya mabadiliko ya teknolojia inaendelea kuongeza chachu katika sekta mbalimbali za uzalishaji na biashara,

 

KASI kubwa ya mabadiliko ya teknolojia inaendelea kuongeza chachu katika sekta mbalimbali za uzalishaji na biashara, huku kampuni zikijikita zaidi kwenye ubunifu, kuboresha huduma kwa wateja na kudumisha ubora wa bidhaa ili kuendelea kuwa na ushindani sokoni.


Wadau mbalimbali wanasema kuongezeka kwa matumizi ya teknolojia, hususan akili mnemba (AI), zinachochea uzalishaji wa bidhaa zinazoleta suluhisho na kukidhi matarajio yanayobadilika ya watumiaji, hivyo kufanya uhitaji wa kukabiliana na mabadiliko ya kiteknolojia kuwa muhimu kwa kampuni zinazotaka kuendelea kuwa na nafasi katika soko.


Mkurugenzi wa Masoko wa MeTL Group, Fatema Dewji, alisema biashara zitakazoshindwa kuendana na maendeleo ya kiteknolojia zinaweza kuachwa nyuma, kutokana na ubunifu kuendelea kuwa na nafasi kubwa katika uuzaji, usambazaji na uundaji wa bidhaa.


“Wakati maendeleo na mabadiliko ya teknolojia yakiendelea kushika kasi, matumizi yake yanazidi kuchochewa hususani kwenye maeneo ya uzalishaji na endapo kama kuna biashara ambazo haziko tayari kukabiliana na haya mabadiliko, zitaachwa mbali sana,” alisema Fatema kwenye hafla ya mashirikiano baina ya MeTL group na Haier Tanzania yaliyofanyika wikiendi hii.


Ushirikiano huo unakuja wakati ushindani katika soko la vifaa vya matumizi ya nyumbani ukizidi kutegemea uwezo wa biashara kuunganisha ubunifu wa kiteknolojia na ubora wa bidhaa ili kutimiza mahitaji ya walaji.


Hata hivyo, aligusian juu ya mitazamo ya watu kuhusu AI ambapo wengi wanaitazama kama ni tishio kwenye soko la ajira ambapo alisema licha ya nguvu yake, bado ubunifu na mawazo ya binadamu vitaendelea kuwa muhimu hata wakati biashara zikiongeza matumizi ya teknolojia mpya.


“Teknolojia hii haiwezi kuchukua nafasi ya mawazo au watu wenye ubunifu na fikra,” alisema, akiongeza kuwa inaweza badala yake kuwasaidia wafanyakazi, wakiwemo wanaohusika katika uzalishaji.


Kwa upande wake, Meneja wa Haier-Tanzania, Liu Chi, alisema soko la vifaa vya matumizi ya nyumbani hapa nchini linaendelea kubadilika, ambapo watumiaji wengi sasa wanaangalia zaidi ubora wa bidhaa, hivyo kama kampuni zinawajibu wa kuhakikisha zinazalisha bidhaa zenye tija ili kufikia mahitaji ya walaji.



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Wednesday, September 23, 2026

ABSA REAFFIRMS LONG-TERM COMMITMENT TO TANZANIA AS SITOYO LOPOKOIYIT HIGHLIGHTS GROWTH POTENTIAL

Dar es Salaam; September 23, 2026 - Tanzania’s expanding economy and growing digital financial services sector have attracted renewed attention from Absa Group, which has reaffirmed its long-term commitment to the country.

The Group’s Chief Executive for Personal and Private Banking Pan-Africa, Sitoyo Lopokoiyit, made the remarks during a visit to Tanzania, where he engaged with customers, employees, business leaders and other stakeholders.

The visit provided an opportunity to discuss evolving customer needs, economic opportunities and the role of financial institutions in supporting inclusive growth.

According to Mr Lopokoiyit, Tanzania’s economic momentum, expanding middle class and growing trade corridors are contributing to the country’s increasing importance within East Africa.

“Tanzania is a market with tremendous potential and an increasingly important role in East Africa’s growth story,” he said.
He said changing financial needs required banks to provide services that are accessible, convenient and responsive to customers’ ambitions.

“Whether they are growing a business, buying a home, investing for the future or making everyday transactions, our focus is on delivering solutions that are simple, accessible and relevant to their needs,” he said.

DIGITAL TRANSFORMATION AND FINANCIAL INCLUSION

Mr Lopokoiyit also identified digital transformation as a major opportunity to expand financial access in Tanzania.

He said the integration of technology, professional expertise and strong partnerships could enable banks to deliver more meaningful outcomes for customers.

“As digital adoption continues to accelerate in Tanzania, we see significant opportunity to support customers with solutions that enable growth, inclusion and prosperity,” he said.

Absa Bank Tanzania Managing Director, Obedi Laiser said the Group’s continued interest in Tanzania reflected the country’s position within its broader African strategy.

He said increasing investment, expanding trade opportunities and rapid digital adoption were creating opportunities that could benefit individuals, businesses and communities.

“Tanzania is experiencing strong growth driven by increasing investment, expanding trade opportunities and rapid digital adoption, creating significant potential for individuals, businesses and communities to prosper,” Mr Laiser said.

ABSA TO STRENGTHEN FINANCIAL SOLUTIONS

Mr Laiser said Absa Bank Tanzania would continue strengthening its financial solutions, relationship banking services and digital capabilities in response to evolving customer needs.

He added that the bank remained committed to supporting opportunities that contribute to sustainable economic growth and shared prosperity.

Absa said its investments in digital platforms, payment solutions and customer experience were aimed at improving access to banking services and helping customers participate in economic opportunities both locally and across the continent.

The Group’s pan-African network, it said, would continue to support connections between customers and markets as it strengthens its operations in Tanzania.

The visit comes as Absa seeks to deepen its engagement with the Tanzanian market and reinforce its support for the country’s economic development.
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