ABSA BANK TANZANIA DRIVES SME GROWTH ON WORLD ENTREPRENEURS’ DAY

Head of Commercial Banking at Absa Bank Tanzania, Mr. Victor Nchimbi, engages with entrepreneurs on the bank’s services, particularly those tailored for macro, small, and medium-sized enterprises, during the World Entrepreneurs’ Day celebrations in Dar es Salaam recently, where Absa was among the sponsoring institutions. The event brought together over 350 entrepreneurs, industry leaders, and policymakers under the Ministry of Industry and Trade to champion the growth of enterprises that power the nation’s economic engine.

Recognizing the vital contribution of women entrepreneurs to the country's economic growth, Absa Bank Tanzania has continued to encourage women entrepreneurs to open the bank's SHE Account, which offers a range of benefits.

Among these are no monthly account maintenance fees, no transaction charges, and the ability to conduct transactions in both Tanzanian shillings and foreign currencies.

Speaking during the World Entrepreneurs Day celebrations held recently in Dar es Salaam, where Absa was one of the event's sponsors, the bank's Head of Commerial Banking, Mr. Victor Nchimbi, said that through the Absa’s SHE Account, women entrepreneurs also receive specialized training on how to successfully manage and grow their businesses.

"As a key stakeholder in the entrepreneurship sector and in recognition of the important role entrepreneurs play in Tanzania, we have introduced a range of services tailored to support them. These include affordable financing, digital banking solutions, and, as reflected in today's celebrations where the majority of participants are women, our SHE Account, which is specifically designed to economically empower women," he said.

Also speaking at the event, Ms. Maua Jumanne, an entrepreneur in the cosmetics business, noted that limited knowledge about business capital, access to financing, and effective business management remains a major challenge for many women entrepreneurs. She urged banks to place greater emphasis on providing education and support in these areas.

"I encourage banks to reach out to us and provide financial literacy on business capital and loans that can help small entrepreneurs grow our businesses and reduce our dependence on exploitative informal lenders," Ms. Maua said.

Absa Bank remains committed to creating accessible platforms where micro, small, and medium-sized enterprises (MSMEs) can exchange best business practices, access financing opportunities, and foster innovation, while advancing the bank's purpose of 'Empowering Africa's tomorrow, together one story at a time.'

02: Business Banking Product Manager at Absa Bank Tanzania, Ms. Devroda Kagusa (right), engages attendees at the Absa booth during the World Entrepreneurs’ Day celebrations in Dar es Salaam recently. She highlighted the bank’s tailored services for macro, small and medium-sized enterprises. Absa Bank proudly supported the event as one of its key sponsors. The event brought together over 350 entrepreneurs, industry leaders, and policymakers under the Ministry of Industry and Trade to champion the growth of enterprises that power the nation’s economic engine.

03: Absa Bank Customer Service Officer, Ms. Mboni Sabura (center), speaks with entrepreneurs about the bank’s offerings, including the Absa’s She account tailored for women entrepreneurs, during the World Entrepreneurs’ Day celebrations in Dar es Salaam recently. On the right is Ms. Devroda Kagusa, Business Banking Product Manager. Absa Bank was honored to be among the sponsoring institutions of the event. The event brought together over 350 entrepreneurs, industry leaders, and policymakers under the Ministry of Industry and Trade to champion the growth of enterprises that power the nation’s economic engine.

Absa Bank Tanzania Banking Product Manager, Ms. Devroda Kagusa (right), Business, engages with entrepreneurs on the bank’s services, particularly those tailored for macro, small, and medium-sized enterprises, during the World Entrepreneurs’ Day celebrations in Dar es Salaam recently, where Absa was among the sponsoring institutions. The event brought together over 350 entrepreneurs, industry leaders, and policymakers under the Ministry of Industry and Trade to champion the growth of enterprises that power the nation’s economic engine.

Facilitators and entrepreneurs pose for a group photo at the conclusion of the World Entrepreneurs’ Day celebrations, in Dar es Salaam recently. Absa Bank was proud to stand among the sponsoring institutions that made the occasion possible. The event brought together over 350 entrepreneurs, industry leaders, and policymakers under the Ministry of Industry and Trade to champion the growth of enterprises that power the nation’s economic engine.

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DCB YAZINDUA KAMPENI YA "TUMA BURE, SHINDA KILA WIKI"

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

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

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

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

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

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

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PRESIDENT DR. MWINYI: LOCAL FINANCIAL INSTITUTIONS SHOULD STRENGTHEN PARTNERSHIPS WITH GOVERNMENT IN DEVELOPMENT PROJECTS

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (left), presents a token of appreciation to H.E. Dr. Hussein Ali Mwinyi, President of Zanzibar and Chairman of the Revolutionary Council, in recognition of the strong partnership between the Government of Zanzibar and the financial sector and the sustainable development of Zanzibar. It was during the Absa’s delegation courtesy visit to the State House in the Isle yesterday.

ZANZIBAR | The President of Zanzibar and Chairman of the Revolutionary Council, H.E. Dr. Hussein Ali Mwinyi, emphasized that there are significant opportunities for local financial institutions to collaborate with the Revolutionary Government of Zanzibar in the implementation of development projects.

President Dr. Mwinyi made the remarks yesterday during a meeting with a delegation from Absa Bank Tanzania, led by its Managing Director, Mr. Obeid Laiser, who paid a courtesy visit to the State House in Zanzibar.

He noted that the Government is prepared to work closely with local banks that demonstrate commitment to supporting development initiatives, particularly in the execution of strategic economic and social projects across various sectors.

President Dr. Mwinyi commended Absa Bank Tanzania for its readiness to partner with the Government and contribute to Zanzibar’s development. He further explained that the Government has strengthened mechanisms for financing development projects by expanding funding sources beyond the conventional budget framework, a move aimed at accelerating project implementation and enhancing efficiency.

The President assured the Bank’s leadership that the Government will continue to collaborate with financial institutions in facilitating the implementation of major development projects through loans and other financing arrangements.

For his part, Mr. Obeid Laiser expressed gratitude to the Revolutionary Government of Zanzibar for its continued cooperation with the Bank and congratulated President Dr. Mwinyi for his leadership, which has driven significant progress in Zanzibar’s development. He reaffirmed Absa Bank Tanzania’s commitment to partnering with the Government in supporting the implementation of various development projects for the benefit of the people and the economy of Zanzibar.

Mr. Laiser also highlighted Absa’s contribution to Zanzibar’s economy, underscoring the Bank’s growing footprint and impact through the provision of financial services to individuals, businesses, and corporate institutions.

In a statement released after the meeting, Mr. Laiser expressed the Bank’s appreciation to the Government of Zanzibar for creating an enabling environment for business and investment.

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

Absa serves more than 11,000 customers in Zanzibar, manages deposits exceeding TZS 136 billion, and has extended more than TZS 64 billion in financing to individuals, small and medium-sized enterprises, and corporates operating across key sectors of the economy, including tourism, hospitality, trade, and commerce,” said Mr. Laiser.

Mr. Laiser further highlighted Absa’s contribution beyond banking through its citizenship initiatives, including support for maternal and child health under the Uzazi ni Maisha programme, implemented in partnership with AMREF Health Africa and the Ministry of Health Zanzibar. Through this initiative, Absa has contributed to improving access to essential medical equipment and strengthening safe delivery services for mothers and newborns across Zanzibar.

Absa Bank Tanzania remains committed to its purpose of Empowering Africa’s tomorrow, together… one story at a time, and to supporting the long-term prosperity and wellbeing of the people of Zanzibar and Tanzania as a whole.

President of Zanzibar and Chairman of the Revolutionary Council, H.E. Dr. Hussein Ali Mwinyi, speaks with a delegation from Absa Bank Tanzania led by its Managing Director, Mr. Obedi Laiser (fifth from left), during their visit to the State House in Zanzibar on Wednesday. Mr. Laiser conveyed the bank’s appreciation for the existing cooperation between the Revolutionary Government of Zanzibar and the banking sector in the country, as well as the significant economic transformations taking place across the islands.

President of Zanzibar and Chairman of the Revolutionary Council, H.E. Dr. Hussein Ali Mwinyi (centre), poses for a commemorative photo with a delegation from Absa Bank Tanzania led by its Managing Director, Mr. Obedi Laiser (to his right), during their visit to the State House in Zanzibar on Wednesday. During their discussions, Mr. Laiser expressed the bank’s gratitude for the cooperation between the Revolutionary Government of Zanzibar and the banking sector in the country, along with the major economic reforms underway across the islands.

President of Zanzibar and Chairman of the Revolutionary Council, H.E. Dr. Hussein Ali Mwinyi listening to Managing Director of Absa Bank Tanzania, Mr. Obedi Laiser (second from left), during his courtesy visit to the State House in Zanzibar on Wednesday. In their discussions, Mr. Laiser expressed the bank’s appreciation for the existing cooperation between the Revolutionary Government of Zanzibar and the banking sector in Tanzania, as well as the significant economic reforms taking place on the islands. Left is Absa's Corporate Banking Director, Ms. Nellyana Mmanyi. Photos: Zanzibar State House.

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TCB SELOUS MARATHON YAFANA

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

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

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

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

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

Kwa upande wao, washiriki wa marathon hiyo wameeleza kuwa mbio hizo si mashindano pekee bali ni sehemu ya kujenga afya na kuhamasisha maisha yenye mazoezi,wamesisitiza kuwa ushiriki wa wananchi katika matukio kama hayo unasaidia kupunguza magonjwa yasiyoambukiza na kuunga mkono juhudi za Serikali za kuboresha ustawi wa jamii,hukub TCB ikiahidi kuboresha zaidi maandalizi ya msimu ujao kufuatia mafanikio makubwa ya mwaka huu yaliyovuka matarajio.

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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 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 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 SEES GLOBAL VOLATILITY AS A CATALYST FOR TANZANIAN COMPETITIVE ADVANTAGE

Corporate Banking Director at Absa Bank Tanzania, Ms. Nellyana Mmanyi, addresses participants during a meeting organized for senior business leaders. The session focused on translating global economic volatility into strategic opportunities for Tanzanian enterprises. The event was held in Dar es Salaam today.

Dar es Salaam, Tanzania, April 7, 2026 – Absa Bank Tanzania⁠ has said growing uncertainty in the global economy could present a significant opportunity for Tanzania to strengthen its competitive position and unlock new business growth.

The bank made the remarks during an exclusive breakfast engagement for senior business leaders held in Dar es Salaam today, where executives and economists discussed how Tanzanian businesses can navigate global economic volatility and turn emerging risks into strategic opportunities.

The high-level forum brought together macroeconomic experts from Absa Group⁠ in South Africa alongside local specialists to analyse the global economic outlook and identify practical strategies for businesses facing uncertainty driven by geopolitical tensions, inflationary pressures, climate change disruptions, and volatility in financial markets.

Speaking during the event, Absa Bank Tanzania Corporate Banking Director, Ms. Nellyana Mmanyi, said uncertainty has become a permanent feature of the global operating environment and businesses must adapt strategically to remain competitive.

“Volatility is no longer a temporary phase in the global economy; it is a structural reality,” said Ms. Nellyana. “The real differentiator for businesses today is the ability to convert uncertainty into competitive advantage. For Tanzania, this moment calls for informed leadership, strategic agility, and partnerships that combine global insight with local execution.”

During the discussions, the Absa Group Research team presented a detailed macroeconomic outlook highlighting the interconnected forces reshaping both global and African economies. The analysis examined the impact of geopolitical tensions on energy markets and inflation, rising interest rates and debt sustainability concerns, as well as the increasing influence of climate change on food security and social stability.

The experts noted that Africa’s dependence on imports, limited fiscal buffers, and exposure to global financial conditions continue to intensify economic pressures across the continent. However, they also pointed to emerging opportunities for economies that can respond strategically to changing global conditions.

Focusing on Tanzania, the briefing highlighted the country’s economic resilience, stable monetary environment, positive GDP growth trajectory relative to regional peers, and strategic location amid shifting global trade and energy flows, including developments linked to the Middle East.

“Tanzania continues to demonstrate strong fundamentals in an increasingly complex world,” Ms. Nellyana said. “With the right strategic responses, global disruptions can open new pathways for investment, trade, and long-term growth.”

The session also explored practical business solutions aimed at strengthening operational resilience. Specialists from Absa’s Trade Finance and Global Markets divisions presented frameworks designed to help businesses protect supply chains, optimise working capital, and manage risks related to currency fluctuations, interest rates, and market volatility.

Absa Group Senior Macroeconomist, Mr. Phumelele Mbiyo, stressed the importance of execution in the current economic climate.

“Insight without action leaves value unrealised. Our role at Absa is to partner with clients beyond financing — providing the tools, expertise, and confidence required to make informed decisions even in uncertain conditions,” Mbiyo said.

The engagement reaffirmed Absa’s commitment to its purpose of “Empowering Africa’s tomorrow, together… one story at a time,” reflecting the bank’s continued focus on supporting Tanzanian businesses through research-driven insights, specialist expertise, and long-term partnerships.

Corporate Banking Director at Absa Bank Tanzania, Ms. Nellyana Mmanyi (second from left), engages in conversation with some participants during a meeting organized by the financial institution for senior business leaders. The session aimed at transforming global economic volatility into strategic opportunities for Tanzanian enterprises. The event took place in Dar es Salaam today.

Director of Marketing and Corporate Affairs at Absa Bank Tanzania, Mr. Aron Luhanga (center), shares a light moment with some participants during a meeting organized by the financial institution for senior business leaders. The session aimed at transforming global economic volatility into strategic opportunities for Tanzanian enterprises. The event took place in Dar es Salaam today.

Senior Macroeconomist at Absa Group, Mr. Phumelele Mbiyo, responds to questions from participants during a meeting organized by Absa Bank Tanzania for senior business leaders. The session aimed at transforming global economic volatility into strategic opportunities for Tanzanian enterprises. The event took place in Dar es Salaam today.

Head of Markets Sales at Absa Bank Tanzania, Ms. Elisia Temu, speaks during a meeting organized by the financial institution for senior business leaders. The session aimed at transforming global economic volatility into strategic opportunities for Tanzanian enterprises. The event took place in Dar es Salaam today.

Corporate Banking Director at Absa Bank Tanzania Ms. Nellyana Mmanyi (second right), Director of Financial Markets, Ms. Irene Rwegalulira (second left), Retail Banking Director, Ms. Ndabu Swere (third left), pictured with some participants during a meeting organized by the financial institution for senior business leaders. The session aimed at transforming global economic volatility into strategic opportunities for Tanzanian enterprises. The event took place in Dar es Salaam today.

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