ABSA BANK TANZANIA EQUIP INSTITUTIONAL INVESTORS WITH ECONOMIC AND MARKET INSIGHTS

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

Absa Bank Tanzania yesterday hosted a high-level seminar for institutional investors, bringing together key stakeholders from insurance companies, microfinances, fund managers, brokers and pension funds to discuss Tanzania’s economic outlook and emerging trends in regional and global markets.

The workshop, which attracted representatives from non-bank financial institutions, regulators, and industry leaders, aimed to provide investors with practical insights on navigating an increasingly complex global economic environment characterized by shifting interest rate cycles, currency volatility, and geopolitical uncertainty.

Speaking at the opening of the workshop, Absa Bank Tanzania Director of Global Markets, Ms. Irene Rwegalulira, emphasized the importance of preparedness and strategic decision-making in a rapidly changing market landscape.

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

Ms. Irene noted that while global and domestic economic conditions continue to evolve, opportunities remain available for investors who are equipped with the right information and risk management strategies.

She reaffirmed Absa’s commitment to supporting institutional clients through market expertise, innovative financial solutions, and strategic guidance.

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

The workshop was organized in partnership with Tan Re, whose contribution to strengthening Tanzania’s insurance and financial services ecosystem through effective risk management was highlighted during the event.

The Absa’s Global Markets specialist she also commended regulatory institutions, including the Capital Markets and Securities Authority (CMSA), Tanzania Insurance Regulatory Authority (TIRA), and the Bank of Tanzania, for their continued role in fostering market confidence and supporting sustainable growth across the financial sector.

The event further benefited from participation by Absa specialists from various African markets, both in person and virtually, underscoring the growing interconnectedness of financial markets across the continent and the importance of knowledge sharing.

During the seminar, participants received presentations on macroeconomic trends shaping Tanzania and the global economy, strategies for managing foreign exchange and interest rate risks, and investment solutions designed to enhance portfolio returns while aligning with institutional risk appetites and mandates.

According to Absa, the session forms part of the bank’s broader commitment to empowering investors with actionable market intelligence and strengthening long-term partnerships with institutional clients.

Held under Absa’s purpose of “Empowering Africa’s tomorrow, together… one story at a time,” the seminar sought to provide investors with the knowledge and tools needed to make informed decisions amid changing market conditions and to capitalize on emerging opportunities across Tanzania and beyond.

One of the participants in the seminar, Mr. Ramadhan Kagwandi, Chief Executive Officer of Exodus Advisory Financial Consulting, advised that due to the economic impacts arising from global crises, particularly the rising cost of fuel, efforts must be directed toward making significant investments in alternative sources of energy, especially the use of gas.

He added: “Secondly, the government should consider how our country can maintain sufficient reserves of fuel should we continue to rely on this source of energy. However, the long-term solution for the nation is to build a self-sustaining economy, and I believe the government has already taken steps in this direction. The 2026/2027 Budget demonstrates this, showing that nearly 75 percent of the budget depends on domestic revenue sources.”

For his part, another participant, Mr. Beatus Mlingi, Chief Executive Officer of Diamond Global Securities, expressed gratitude to Absa Bank for its innovation in organizing the seminar, noting that it had helped them discover new solutions for conducting their businesses more effectively despite the various challenges they face.

Global Markets Director at Absa Bank Tanzania, Ms. Irene Rwegalulira, addressing institutional investors as she formally opened a one-day workshop organized by the bank to provide economic insights into Tanzania and various global markets. The session took place yesterday in Dar es Salaam.

Senior Specialist Trader, Client Solutions at Absa Group, Mr. Kabelo Bogopa, interacting with institutional investors during a one-day workshop hosted by Absa Bank Tanzania to share economic perspectives on Tanzania and international markets. The event was held yesterday in Dar es Salaam.

Head of Markets Sales at Absa Bank Tanzania, Ms. Elisia Temu (right), in discussion with Mr. Ramadhani Kagwandi, Chief Executive Officer of Exodus Advisory, during a one-day workshop organized by the bank to provide economic outlooks for Tanzania and global markets. The session was held yesterday in Dar es Salaam.

Director of Global Markets at Absa Bank Tanzania, Ms. Irene Rwegalulira (centre), posing for a group photograph with institutional investors and Absa Bank staff during a one-day workshop convened to present economic outlooks for Tanzania and international markets. A brief event was held yesterday in Dar es Salaam. (Photos by Mgongo Media).

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ABSA DAR CITY MARATHON STRENGTHENS MATERNAL AND CHILD HEALTH SERVICES THROUGH HOSPITAL EQUIPMENT DONATION

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

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

Mnazi Mmoja Hospital Nurse-in-Charge, Ms. Shufaa Kaniki, expresses her gratitude after receiving medical equipment support from Absa Bank Tanzania Citizenship and Events Manager, Ms. Abigail Lukuvi (left), during a ceremony in Dar es Salaam yesterday. The donation, which enhances maternal and child health services, follows the successful Absa Dar City Marathon held on 3 May 2026 in Dar es Salaam.

The Runners Club Vice President, Mr. Godfrey Mwangungulu, delivers remarks during the handover ceremony of medical equipment donated by Absa Bank Tanzania in Dar es Salaam yesterday. The financial institution’s contribution, aimed at supporting maternal and child health services, was made possible through the successful Absa Dar City Marathon held on 3 May 2026 in Dar es Salaam.

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

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

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

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

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

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

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

Receiving the donation on behalf of Mnazi Mmoja Hospital, Dr. Mingole Said expressed appreciation for the continued partnership between the hospital and the Absa Dar City Marathon.

“We are grateful to the Absa Dar City Marathon team for choosing Mnazi Mmoja Hospital as the beneficiary of this charitable initiative for the third consecutive year. The patient monitor machine and medical supplies donated today will strengthen our ability to provide quality maternal healthcare services and improve patient outcomes. We also highly commend the blood donation campaign. Lack of adequate blood remains one of the key challenges facing our hospital.”

Speaking on behalf of The Runners Club, Mr. Godphrey Mwangungulu emphasized the importance of ensuring that the impact of the marathon extends beyond race day.

“The Absa Dar City Marathon is not only about running; it is about bringing people together to make a meaningful difference. The participation of more than 5,000 runners this year demonstrates the growing power of sport to unite people around a common cause. We are proud to work alongside Absa Bank Tanzania and our partners to transform that collective energy into practical support that strengthens healthcare services and saves lives.”

Through continued investments in healthcare, blood donation and community wellbeing, Absa Bank Tanzania and The Runners Club continue to demonstrate how sport can serve as a powerful platform for sustainable social impact. As the Absa Dar City Marathon continues to grow, so too does its contribution to strengthening healthcare services and improving lives across Tanzania.

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ABSA BANK TANZANIA AND WWF PLANT 1,300 TREES TO MARK WORLD ENVIRONMENT DAY

Absa Bank Tanzania Director of Marketing and Corporate Affairs, Mr. Aron Luhanga (left), Absa Bank Tanzania Director of Customer Experience and Digital Services, Mr. Samuel Mkuyu (centre), and Kisarawe District Forest Conservator, Mr. Baraka Mtewa, plant trees during a World Environment Day celebration at Pugu Kazimzumbwi Forest Reserve in Kisarawe District, Coast Region. Absa Bank Tanzania, in partnership with WWF, planted 1,300 trees as part of the environmental conservation initiative.

Kisarawe, Tanzania – 12 June 2026 – Absa Bank Tanzania, in partnership with the World Wide Fund for Nature (WWF), today led a large-scale tree planting initiative in Kisarawe District, planting 1,300 trees Pugu Kazimzumbwi - a vital water catchment area that supports the Dar es Salaam Water and Sewerage Authority (DAWASA) supply to Temeke Municipality.

The initiative brought together key stakeholders including the Tanzania Forest Services Agency (TFS), Wami/Ruvu Basin Water Board, Kisarawe District Council, and Absa Bank Tanzania colleagues, all united by a shared commitment to protecting Tanzania’s natural ecosystems and strengthening climate resilience.

This activity forms part of Absa’s broader Environmental, Social, and Governance (ESG) agenda and reflects the bank’s citizenship commitment “To be a force for good,” as well as its purpose of “Empowering Africa's tomorrow together… one story at a time.” 

Speaking at the event, Aron Luhanga, Director of Marketing and Corporate Affairs at Absa Bank Tanzania, emphasized the importance of collective action: “This initiative is more than just planting trees - it is about securing the future of our communities and ensuring sustainable access to water resources. At Absa, we believe that ‘Your story matters,’ and today we are investing in a story of environmental protection, resilience, and shared responsibility. Through partnerships like this with WWF and government stakeholders, we continue to live our purpose of empowering Africa’s tomorrow, one story at a time.”

Sam Mkuyu, Director of Customer Experience and Digital, and the bank’s Executive Sponsor for ESG, highlighted the strategic importance of sustainability: “Our ESG agenda is central to how we operate as a bank. This tree planting activity demonstrates our role as a responsible corporate citizen committed to being a force for good. By protecting critical water catchment areas like Kisarawe, we are not only addressing climate change but also supporting communities that depend on these resources. For us sustainability is not a choice - it is a responsibility we proudly embrace.”

In support of the initiative, Manyerere Wajama, Head of Finance at WWF, speaking on behalf of the WWF Tanzania Country Director, stated: “Today’s tree planting activity at Pugu Forest Reserve reflects our shared commitment to restoring Tanzania’s natural ecosystems and building resilience to climate change. Pugu is one of the country’s important coastal forests, providing critical biodiversity, water catchment, and ecosystem services that support both people and nature. Through restoration efforts such as this, we are investing in healthier landscapes and a more sustainable future for generations to come.

WWF Tanzania is proud to partner with Absa Bank in advancing environmental stewardship through practical action. Achieving Tanzania’s restoration and conservation goals requires strong partnerships between the private sector, government, communities, and civil society. Together, we can scale up solutions that not only restore forests but also contribute to climate action, biodiversity conservation, and sustainable development.”

The half-day activity included remarks from representatives of TFS, Wami/Ruvu Basin Water Board, and Kisarawe District Council, followed by a hands-on tree planting exercise and media engagement sessions.

Earlier, Absa employees mobilized enthusiastically for the initiative, demonstrating the bank’s strong internal culture of sustainability and volunteerism. Colleagues gathered from early morning to travel to Kisarawe, equipped with planting gear and a shared commitment to leaving a lasting environmental impact.

Absa Bank Tanzania is committed to delivering exceptional financial services while driving sustainable development through impactful partnerships and community initiatives. Guided by its purpose “Empowering Africa’s tomorrow together, one story at a time,” the bank continues to champion environmental conservation, social progress, and economic inclusion across the country.

For more information, please contact: 

Aron Luhanga

Director of Marketing & Corporate Affairs 

Absa Bank Tanzania Limited

+255 768 221 717

aron.luhanga@absa.africa 

About Absa Bank Tanzania

Absa Bank Tanzania Limited is one of Tanzania’s leading financial institutions offering an integrated set of products and services across Corporate and Investment Banking, Business Banking with solutions for SMEs, and Retail Banking. Backed by its 21-year legacy in Tanzania and inspired by the people it serves, Absa is committed to finding local solutions to uniquely local challenges and everything we do is focused on bringing possibility to life. 

Absa Bank Tanzania is part of Absa Group Limited, one of Africa’s largest diversified financial services groups. Absa Group employees approximately 40, 000 professionals operating in South Africa, Zambia, Botswana, Mozambique, Seychelles, Mauritius, Kenya, Tanzania, Uganda, Ghana. The Group has representative offices in Nigeria, Namibia, London and New York, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia. Absa is a truly African brand, inspired by the people we serve and determined to be the financial services Group Africa can be proud of. 

For more about Absa Bank Tanzania, its products and services, visit www.absa.co.tz

 Absa Bank Tanzania Director of Marketing and Corporate Affairs, Mr. Aron Luhanga (left), and Director of Customer Experience and Digital Services, Mr. Samuel Mkuyu, participate in a tree-planting exercise during World Environment Day celebrations at Pugu Kazimzumbwi Forest Reserve in Kisarawe District, Coast Region. The initiative saw the planting of 1,300 trees in partnership with WWF.

Absa Bank Tanzania Citizenship and Events Manager, Ms. Abigail Lukuvi (left), and WWF Head of Finance and Administration, Mr. Manyerere Wajama, plant trees during World Environment Day activities at Pugu Kazimzumbwi Forest Reserve in Kisarawe District, Coast Region. Absa Bank Tanzania, in partnership with WWF, planted 1,300 trees as part of the environmental conservation initiative.

Absa Bank Tanzania Citizenship and Events Manager, Ms. Abigail Lukuvi (right), Kisarawe District Forest Conservator, Mr. Baraka Mtewa, and WWF Head of Finance and Administration, Mr. Manyerere Wajama, take part in a tree-planting exercise during World Environment Day celebrations at Pugu Kazimzumbwi Forest Reserve. Absa Bank Tanzania, in partnership with WWF, planted 1,300 trees as part of the environmental conservation initiative.

Some of Absa Bank Tanzania employees participate in a tree-planting exercise at Pugu Kazimzumbwi Forest Reserve in Kisarawe District, Coast Region, as part of World Environment Day commemorations. The bank planted 1,300 trees in partnership with WWF.

Employees and leaders from Absa Bank Tanzania, representatives from WWF, Kisarawe District government officials, forestry authorities, Tanzania Forest Services Agency (TFS) representatives, and other environmental stakeholders pose for a group photograph after completing the tree-planting exercise at Pugu Kazimzumbwi Forest Reserve as part of World Environment Day celebrations. Absa Bank Tanzania, in partnership with WWF, planted 1,300 trees as part of the environmental conservation initiative. (Story/Images: Mgongo Media)

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KIKUNDI CHA DIAMOND DIVAS CHAWATAKA WANAWAKE KUCHANGAMKIA FURSA ZA UWEKEZAJI

Mbunge wa Viti Maalumu Mkoa wa Dar es Salaam na Mwenyekiti wa Kikundi cha Vicoba cha Diamond Divas Group, Mhe. Janeth Elias Mahawanga, akizungumza katika semina iliyoandaliwa na kikundi hicho ikihusu elimu ya kifedha na jinsi ya kuwekeza katika mifuko ya uwekezaji iliyofanyika jijini Dar es Salaam jana.

WITO umetolewa kwa wanawake nchini kuchangamkia fursa za uwekezaji katika mifuko mbalimbali ya uwekezaji, Ili kufikia Dira ya Maendeleo ya Taifa 2050 na kuliwezesha Taifa kuwa na uchumi shirikishi wa viwanda unaowezeshwa na ushirikishwaji mpana wa huduma za kifedha.

Wito huo umetolewa na Mbunge wa Viti Maalumu Mkoa wa Dar es Salaam na Mwenyekiti wa Kikundi cha Wanawake cha Huduma ndogo za kifedha cha Diamond Divas, Mhe. Janeth Elias Mahawanga wakati wa semina kuhusu Uwekezaji wa wanawake katika mifuko ya uwekezaji akisema uwekezaji huo utawasaidia kuongeza Mitaji ya biashara zao hivyo kujiinua kiuchumi.

“Tunapozungumzia Dira ya Maendeleo ya Taifa 2050 kwa upande wa wanawake, Dira inasema Uchumi wa wananchi mmoja mmoja unakwenda kuongezeka, na Uchumi wa Taifa, lakini pia viwanda vidogo vidogo, Rais Samia Suluhu Hassan alikuwa na maono ya kuwa na dira ya Taifa, utekeleza wa dira unatutegemea sisi wananchi, sisi wanawake tunataka kuingia moja kwa moja katika utekelezaji wa dira, tunataka kuingia katika uchumi wa viwanda tukawe wawekezaji katika Taifa letu."

“Kupitia semina kama hizi, ili kuwaandaa wanawake kushiriki kikamiifu, ni lazima kuwajengea uwezo kufahamu elimu ya fedha, biashara, fursa mbalimbali na uwekezaji, na ndio maana kwenye elimu hii sisi kama kikundi cha Diamond Divas tunataka kuwa wawekezaji, tunataka kuanzisha viwanda, tuanzishe taasisi yetu ndogo ya fedha, ili tuweze kuyafanya yote haya lazima tujikite zaidi katika elimu ya fedha, biashara, fursa na uwekezaji,” alisema Mhe Janeth.

Akizungumzia nini kifanyike Ili kuongeza kasi ya watanzania hususan wanawake kuwekeza katika mifuko ya uwekezaji na Masoko ya mitaji, Mkufunzi wa Masuala ya kifedha, uchumi na uwekezaji, Bw. Emilian Busara alitaja suala la utoaji wa elimu kuhusu mifuko hiyo kupewa kipaumbele zaidi Ili wanaotaka kuwekeza wachague ni aina gani ya mfuko unawafaa.

“Cha kwanza watanzania wanahitaji elimu ya fedha, bila kuwapa watu elimu, hakuna namna nyingine ambayo watu wanaweza kuijua mifuko ya uwekezaji, jinsi ya kuwekeza na manufaa yake, na la pili ni kuchukua hatua ya kuwekeza, huwezi kujifunza kuendesha baisketi kwa kusoma kwenye vitabu, lakini tatu ni yule anayejua basi amuelimisha mwingine, yakifanyika haya, sina shaka idadi ya watanzania hususan wanawake watakaojiunga na mifuko hii itaongezeka,” alisema Bw. Busara akitoa pongezi kwa kikundi cha Diamond Divas kwa kuonesha njia.

Kwa upande wake, mmoja wa washiriki katika semina hiyo, Bi. Hellen Siria alitoa ushauri kwa wanawake walio katika vikundi vya kuwezeshana katika Jamii kuvirasimisha Ili viweze kunufaika na fursa mbalimbali zinazotolewa ikiwemo fursa za kupata mitaji, mikopo ya aina mbalimbali na fursa nyinginezo zitakazowasaidia kuinua biashara na maisha yao.

“Wito wangu kwa wanawake wenzangu, hasa kwenye vile vikundi vilivyopo katika jamii, tuvirasimishe ili iwe rahisi kunufaika na fursa mbalimbali zinazojitokeza zinazowahusu wanawake wajasiriamali, lakini kilicho muhimu zaidi kwa wanawake tuhakikishe tunajikita katika uwekezaji,” alisema Bi. Hellen.

Katibu wa Kikundi cha Vicoba cha Diamond Divas Group, Bi.Noryne Mmasi, akizungumza katika semina iliyoandaliwa na kikundi hicho ikihusu elimu ya kifedha na jinsi ya kuwekeza katika mifuko ya uwekezaji iliyofanyika jijini Dar es Salaam jana.

Mkufunzi wa Masuala ya kifedha, uchumi na uwekezaji, Bw. Emilian Busara, akitoa elimu ya fedha na uwekezaji katika semina iliyoandaliwa na Kikundi cha Vicoba cha Diamond Divas Group ikihusu elimu ya kifedha na uwekezaji iliyofanyika jijini Dar es Salaam jana.

Baadhi ya wanachama wa Kikundi cha Vicoba cha Diamond Divas Group wakisikiliza mada iliyokuwa ikitolewa na Mkufunzi wa Masuala ya kifedha, uchumi na uwekezaji, Bw. Emilian Busara katika semina kuhusu elimu ya kifedha na jinsi ya kuwekeza katika mifuko mbalimbali ya uwekezaji, iliyofanyika jijini Dar es Salaam jana.

Wanachama wa Kikundi cha Vicoba cha Diamond Divas Group, wakipozi mbele ya wapigapicha mara baada ya kumalizika kwa semina iliyoandaliwa na kikundi hicho kuhusu elimu ya kifedha na jinsi ya kuwekeza katika mifuko mbalimbali ya uwekezaji, iliyofanyika jijini Dar es Salaam jana.

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WATENDAJI WA BENKI YA ABSA TANZANIA WALIVYOSHIRIKI KIKAO CHA BAJETI JIJINI DODOMA JANA

   

Waziri wa Fedha, Mhe. Balozi Khamis Mussa Omar (katikati), akipozi kwa picha ya kumbukumbu na Ofisa Mkuu wa Fedha wa Benki ya Absa Tanzania, Bw. Bernard Tesha (kushoto), na Mkuu wa Mikakati na Data wa benki hiyo, Bw. John Mosha, ndani ya viwanja vya bunge, mara baada ya mheshimiwa waziri, kuwasilisha bajeti ya serikali ya Sh 63.2 trilioni, itakayotumika katika Mwaka 2026/2027, bungeni, jijini Dodoma, jana.

Ofisa Mkuu wa Fedha wa Benki ya Absa Tanzania, Bw. Bernard Tesha (kulia), Mkuu wa Mikakati na Data wa benki hiyo, Bw. John Mosha (wa tatu kulia), pamoja na baadhi ya wawakilishi kutoka taasisi za fedha, wakimsikiliza kwa makini, Waziri wa Fedha, Mhe. Balozi Khamis Mussa Omar, wakati akiwasilisha bajeti ya serikali ya Sh 63.2 trillioni, itakayotumika katika Mwaka 2026/2027, bungeni, jijini Dodoma, jana.

Ofisa Mkuu wa Fedha wa Benki ya Absa Tanzania, Bw. Bernard Tesha (kulia, mstari wa nyuma) na Mkuu wa Mikakati na Data wa benki hiyo, Bw. John Mosha (wa tatu kulia, mstari wa nyuma), pamoja na baadhi ya wawakilishi kutoka taasisi za fedha, wakisimama kwa utambulisho, kabla Waziri wa Fedha, Mhe. Balozi Khamis Mussa Omar, hajawasilisha bajeti ya serikali ya Mwaka 2026/2027, bungeni, jijini Dodoma, jana.

Ofisa Mkuu wa Fedha wa Benki ya Absa Tanzania, Bw. Bernard Tesha (wa tatu kushoto), akibadilishana mawazo na baadhi ya wawakilishi kutoka taasisi mbalimbali waliohudhuria uwasilishwaji wa bajeti ya serikali ya Mwaka 2026/2027, bungeni, jijini Dodoma, jana, uliofanywa na Waziri wa Fedha, Mhe. Balozi Khamis Mussa Omar.

Mkurugenzi Mkuu wa Shirika la Ndege la Air Tanzania Company Limited (ATCL) Mhandisi Peter Ulanga (Katikati), akipiga picha ya kumbukumbu na Ofisa Mkuu wa Fedha wa Benki ya Absa Tanzania, Bw. Bernard Tesha (kulia kwake) na Mkuu wa Mikakati na Data wa benki hiyo, Bw. John Mosha, ndani ya viwanja vya bunge, muda mfupi baada ya Waziri wa Fedha, Mhe. Balozi Khamis Mussa Omar, kuwasilisha bajeti ya serikali ya Mwaka 2026/2027, bungeni, jijini Dodoma, jana.

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Absa Bank Tanzania Celebrates Record-Breaking Success at the 2026 Tanzania Pickleball Open, Reinforcing Nation’s Vision as a Regional Sports Hub

ATTRACTING pickleball players from more than seven countries, the Tanzania Pickleball Open 2026 tournament backed by Absa Bank Tanzania, underscoring the growing popularity of the sport and Tanzania’s ambitions to become a regional sports and tourism hub.

The five-day tournament, held at the Gymkhana Club grounds in Dar es Salaam, brought together elite pickleball players from Kenya, Uganda, Rwanda, South Africa, the Democratic Republic of Congo, India, Turkey and Dubai for one of East Africa’s largest pickleball competitions.

Organised through a partnership between the Tanzania Pickleball Association (TPA) and the East Africa Racket Sports Club (EARSC), the event featured a corporate prize pool of US$15,000 and premium playing equipment, attracting both international competitors and local spectators.

As the tournament’s title sponsor, Absa Bank Tanzania said its support reflects a broader commitment to youth development, community engagement and the promotion of emerging sports in the country.

Speaking during the closing ceremony, Absa Bank Tanzania Marketing and Communications Manager, Mr Beda Biswalo, said the tournament had demonstrated the growing potential of pickleball to unite communities and create opportunities for young people.

“We are inspired by the remarkable energy, discipline and international talent displayed throughout the tournament,” said Mr Biswalo. “Our partnership reflects a deeper purpose—championing a sport that unites communities while creating meaningful opportunities for young people.”

He encouraged more Tanzanians, particularly youth, to embrace the sport, noting that pickleball offers opportunities for recreation, fitness and professional development.

Sports stakeholders say the rapid growth of pickleball is creating new opportunities for athletes through international rankings, scholarships and participation in an expanding global professional circuit. The sport’s accessibility and relatively low cost have also contributed to its increasing popularity across different age groups.

The tournament's success aligns with Tanzania’s broader efforts to strengthen sports as a contributor to economic growth and tourism. Through support from government institutions and private-sector partners, the country has increasingly hosted regional and international sporting events aimed at showcasing Tanzania as a destination for sports tourism.

“Absa Bank investment in the tournament supports the Government’s agenda of developing sports infrastructure, nurturing local talent and positioning sports as a driver of economic activity. The initiative is in line with ongoing efforts by the National Sports Council (BMT) to expand opportunities for athletes and sports organisations”, Mr Biswalo added.

The bank also acknowledged the contributions of the Government of Tanzania, co-sponsors Pepsi and CBD Hotel, technology partner Courtly, tournament organisers and fans whose support contributed to the successful staging of the championship.

Following the success of the 2026 edition, Absa Bank remains committed to supporting the growth of pickleball and is optimistic that the Tanzania Pickleball Open will continue to attract increased international participation, help develop the next generation of Tanzanian athletes, and elevate the country's profile on the global sporting stage.

On his part, the President of Tanzania Pickleball Association and the East Africa Rackets Sports Club Director, Kartik Kapor, stated that the Tanzania Pickleball Open 2026 was a resounding success and marked only the beginning of Tanzania’s journey toward becoming a global pickleball powerhouse.

During the finals Women’s Doubles, Rakshika/Agni won 1st place, Sally/Rinaaz won 2nd place and Edna/Ester, WON 3rd place. On men’s Double category, Yuvraj/Purvansh won 1st place, Fifi/Shane won 2nd place and Kartik/Dev won 3rd place.

On the Men’s Singles; Purvansh won 1st place, Fifi 2nd and Dev won 3rd place. International Mixed Doubles; Shaheed/Deandra won 1st place, Ahmad/Zainab 2nd and Lisa/Zuber won 3rd place. Open Women’s Singles; Agni won 1st place, Tamara won 2nd and Sally won 3rd place.

On Mix Doubles winners; Rakshika/Dev won 1st place, 2nd place went to Alikhan/Sally and Yuvraj/Agni won 3rd place.
President of Tanzania Pickleball Association and the East Africa Rackets Sports Club Chairman, Kartik Kapor, shakes hands with Absa Bank Tanzania Head of Large Corporates, Christopher Mgani (right), during the closing ceremony of the Tanzania Pickleball Open 2026, sponsored by the financial institution, at the Dar es Salaam Gymkhana Club.
Absa Bank Tanzania Head of Large Corporates, Christopher Mgani (left), presents awards to winners of the Tanzania Pickleball Open 2026 during the closing ceremony at the Dar es Salaam Gymkhana Club. The tournament was sponsored by Absa Bank.



Absa Bank Tanzania Head of Large Corporates, Christopher Mgani (right), presents trophies to one of the winners of the Tanzania Pickleball Open 2026 during the closing ceremony at the Dar es Salaam Gymkhana Club. The tournament was sponsored by Absa Bank.
Pickleball players in action during the finals of the Tanzania Pickleball Open 2026, sponsored by Absa Bank Tanzania, at the Dar es Salaam Gymkhana grounds.

A pickleball player showcases her skills during the finals of the Tanzania Pickleball Open 2026, sponsored by Absa Bank Tanzania, at the Dar es Salaam Gymkhana grounds.

Cheerful winners of the recently concluded Tanzania Pickleball Open 2026 pose during the closing ceremony at the Dar es Salaam Gymkhana Club. The tournament was sponsored by Absa Bank

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SWAHILI TALENT SWIMMING COMPETITION ENDS ON HIGH NOTE WITH SUPPORT FROM ABSA BANK TANZANIA

 

Absa Bank Tanzania Liability Products Manager, Mr. George Kaindoah, presents an award to Malachi Mwiki, one of the winners of the just-ended Absa Bank-sponsored Swahili Talent Swimming Competition Season 3, at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and placed a special focus on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.

Young swimmer Cairo Erick Johannes, dives into action during the just-ended Swahili Talent Swimming Competition Season 3, sponsored by Absa Bank Tanzania, at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.

Absa Bank Tanzania Liability Products Manager, Mr. George Kaindoah, presents an award to Amran Suleiman, one of the winners of the just-ended Absa Bank-sponsored Swahili Talent Swimming Competition Season 3, at the Dar es Salaam Gymkhana Club grounds on Sunday. Other winners pictured are Alssein Humudi (third left) and Konhelli Mhella. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.

Swimmers compete during the just-ended Swahili Talent Swimming Competition Season 3, sponsored by Absa Bank Tanzania, at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.

Some participants with special needs posed for a commemorative photo with Irene Mushi from Absa Bank, after receiving their medals during the Swahili Talent Swimming competition. The event, sponsored by Absa Bank, concluded on Sunday at the Gymkhana Club grounds in Dar es Salaam. The competition brought together more than 300 participants from over 25 schools, with a focus on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha. Its aim was to recognize and nurture young talents in the sport of swimming.

Young swimmer Malikah Kassim displays her medal during the just-ended Swahili Talent Swimming Competition Season 3, sponsored by Absa Bank Tanzania, at the Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.

Jubilant winners of the just-ended Swahili Talent Swimming Competition Season 3 display their medals during the prize-giving ceremony at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent. (Photos by Peter Mgongo)

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ABSA BANK TANZANIA REAFFIRMS COMMITMENT TO LEADERSHIP DEVELOPMENT IN TANZANIA

Tanzania Investment and Special Economic Zones (TISEZA) Director General, Mr. Gilead Teri (centre), together with Fanisi Platform Founder, Ms. Sarah Majengo (on his right), poses for a memento photograph with the platform’s partners, alumni, and stakeholders during the Fanisi Platform 5th anniversary celebrations, sponsored by Absa Bank, in Dar es Salaam over the weekend.

Absa Bank Tanzania has reaffirmed its commitment to nurturing local talent and strengthening leadership development in Tanzania through its partnership with the Fanisi Platform.

Speaking during the Fanisi Platform’s fifth anniversary celebration in Dar es Salaam, Absa Bank Tanzania Director of Human Capital and Culture, Mr. Patrick Foya, said the bank was proud to be associated with an initiative that continues to shape a new generation of leaders across the country.

Addressing guests, partners, alumni, and participants of the platform, Mr. Foya praised the vision of Fanisi founder Ms. Sarah Majengo, and said, the platform has, over the past five years, transformed mid-level professionals into confident corporate leaders by bridging talent gaps and redefining modern leadership in the region.

He noted that Absa’s partnership with Fanisi aligns with the bank’s purpose of empowering Africa’s future through investing in people and leadership development.

“At Absa, our purpose is to empower Africa’s tomorrow, together one story at a time, and for us that really starts with our people,” he said. “We are intentional about building leaders from within. We call it growing our own number, which simply means investing in our people and helping them grow into confident leaders.”

Mr. Foya revealed that since partnering with Fanisi in 2024, the bank has already seen about 40 employees graduate through the platform, while 28 others are currently enrolled in the latest cohort.

“As sponsors, our decision to invest in Fanisi was simple; we believe that empowering local talent is the single most effective way to drive sustainable economic growth,” he said.

Earlier, Fanisi Platform Founder, Ms. Sarah Majengo said the learning platform was established to bridge the gap between Tanzania’s national ambitions and the country’s human capital development needs.

She said, small and medium-sized enterprises (SMEs) account for more than 90 percent of businesses in Tanzania, employ over five million people and contribute significantly to the country’s Gross Domestic Product (GDP).

“However, many businesses continue to face challenges in accessing disciplined and competent professionals despite growing educational attainment. Findings from the World Bank says academic certificates alone are increasingly no longer considered reliable indicators of competence, with many companies struggling to find skilled and capable personnel,” she said.

Linking the issue to Tanzania’s broader development aspirations under the national Vision 2050 agenda, which targets the creation of a one‑trillion‑dollar economy driven by productivity and innovation, Ms. Sarah noted that many discussions surrounding Vision 2050 focus on whether Tanzania can develop its people quickly enough to sustain that ambition. He emphasized that the gap between Tanzania’s ambition and its human capital is precisely the gap that Fanisi exists to address.

She said the Fanisi has, over the past five years, implemented programs benefiting both young people and adults, while continuously refining its mission as a catalyst for people development.

“As for us at Fanisi, we are more committed than ever to ensuring more people have the opportunity to reach their full potential,” she added.

Fanisi is a learning platform and an invested partner in talent development for growth-focused companies and individuals, providing tailored training, networking opportunities and strategic placement.

Fanisi Platform Founder, Ms. Sarah Majengo (left), addresses participants during the Fanisi Platform 5th anniversary celebrations, sponsored by Absa Bank, in Dar es Salaam over the weekend.

Absa Bank Tanzania Director of Human Capital and Culture, Mr. Patrick Foya (left), greets attendees during the Fanisi Platform 5th anniversary celebrations, sponsored by Absa Bank, in Dar es Salaam over the weekend. In the middle are Mr. Christopher Shayo and Mr. Rwebu Mutahaba.

Absa Bank Tanzania Director of Human Capital and Culture, Mr. Patrick Foya (right), exchanges views with attendees during the Fanisi Platform 5th anniversary celebrations, sponsored by Absa Bank, in Dar es Salaam over the weekend.

Absa Bank Tanzania Director of Human Capital and Culture, Mr. Patrick Foya (left), addresses participants during the Fanisi Platform 5th anniversary celebrations, sponsored by Absa Bank, in Dar es Salaam over the weekend.

Absa Bank Tanzania Director of Human Capital and Culture, Mr. Patrick Foya (fifth left), receives a sponsorship appreciation award from Fanisi Platform Founder, Ms. Sarah Majengo, during Fanisi’s 5th anniversary celebrations in Dar es Salaam over the weekend. Also pictured (third from right) is Tanzania Investment and Special Economic Zones (TISEZA) Director General, Mr. Gilead Teri, together with Absa Bank officials. (Photos by Mgongo Media)

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ABSA BANK TANZANIA REAFFIRMS COMMITMENT TO SUPPORTING TANZANIA’S HEALTH SECTOR

Absa Bank Tanzania Managing Director, Obedi Laiser (right), competes alongside other participants during the 10-kilometre race of the 2026 Absa Dar City Marathon in Dar es Salaam yesterday. Absa was the main sponsor of the event, which attracted more than 3,000 runners from different parts of the country.

Absa Bank Tanzania has reaffirmed its commitment to supporting initiatives aimed at improving the health of Tanzanians, in line with the bank’s brand promise, “Your Story Matters.”

The remarks were made by the bank’s Director of Marketing and Corporate Affairs, Aron Luhanga, during the 2026 Absa Dar City Marathon event, which brought together more than 3,000 runners from different regions across the country in Dar es Salaam yesterday.

“Today we concluded the Absa Dar City Marathon as the main sponsors. At Absa, we say ‘Your Story Matters.’ We believe every Tanzanian, every citizen, has a story to write in life, and without good health, you cannot successfully write that story. That is why we are committed to ensuring Tanzanians enjoy good health."

“What is happening is that the funds collected through this event will go toward purchasing medical equipment for the Mnazi Mmoja Hospital Maternity ward,” said Mr. Luhanga.

Speaking about the secret behind her victory, the winner of the women’s 21-kilometre race, Cecilia Panga from Arusha, said this was her second time winning the competition and credited her success to hard work and dedication in training.

Meanwhile, the Secretary of the Dar es Salaam Athletics Association (DAA), Felix Chunga, said the Absa Dar City Marathon has continued to grow year after year, now in its sixth edition. He noted that the event has attracted strong participation from athletes due to the excellent sponsorship provided by the bank, attractive prizes, and the high standards of competition organization, which have also helped participants perform well in national and international competitions.

In this year’s Absa Dar City Marathon, the winners of the 5-kilometre race were Nicholaus Zakaria in the men’s category with a time of 20:08:06, and Maria Joseph in the women’s category with a time of 23:15:55. In the 10-kilometre race, Jumanne Mnada from Mara won the men’s category with a time of 28:37:03, while Anastasia Nolomongo from Arusha emerged victorious in the women’s category with a time of 35:14:91.

In the 21-kilometre race, John Nahhai from Manyara won the men’s category after clocking 1:03:53:18, while Cecilia Panga from Arusha claimed victory in the women’s category with a time of 1:12:49:28.

Women’s 21-kilometre winner of the 2026 Absa Dar City Marathon, Cecilia Panga (right) from Arusha, receives a cash prize of TZS 1,500,000 from the Director of Marketing and Corporate Affairs at Absa Bank Tanzania, Aron Luhanga, after the conclusion of the race in Dar es Salaam yesterday. Absa was the main sponsor of the marathon, which brought together more than 3,000 runners from across the country.

Absa Bank Tanzania Director of Finance, Bernard Tesha, competes alongside other athletes during the recently concluded Absa Dar City Marathon in Dar es Salaam. Absa was the main sponsor of the event, which attracted more than 3,000 runners from different parts of the country.

Absa Bank Tanzania Chief Operating Officer, Oscar Mwamfwagasi (left), presenting an award to one of the winners of the Absa Dar City Marathon 2026, held today in Dar es Salaam. Absa Bank is the main sponsor of the marathon, which brought together more than 3,000 runners from different parts of the country.

Absa Bank Tanzania Director of Compliance and Legal, Alistides Kashasira (left), presenting an award to one of the winners of the Absa Dar City Marathon 2026, held today in Dar es Salaam. Absa Bank is the main sponsor of the marathon, which brought together more than 3,000 runners from different parts of the country.

Absa Bank Tanzania Director of Customer Experience and Digital Services, Samuel Mkuyu (left), presenting an award to one of the winners of the Absa Dar City Marathon 2026, held today in Dar es Salaam. Absa Bank is the main sponsor of the marathon, which brought together more than 3,000 runners from different parts of the country.

Absa Bank Tanzania Managing Director, Obedi Laiser, together with employees who participated in this year’s Absa Dar City Marathon, posing for a commemorative photo after the conclusion of the race, held yesterday in Dar es Salaam. The bank is the main sponsor of the marathon.

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