OTR, ANGLOGOLD ASHANTI SEEK STRONGER LONG-TERM PARTNERSHIP

Dar es Salaam. Treasury Registrar Nehemiah Mchechu has held discussions with representatives of AngloGold Ashanti, a leading global mining company, on strengthening the company’s long-term relationship with the government and advancing cooperation in Tanzania.

The discussions took place on Tuesday, September 1, 2026, when a delegation from AngloGold Ashanti, through its Tanzanian subsidiary, Geita Gold Mining Limited (GGML), paid a courtesy visit to the Office of the Treasury Registrar (OTR) to brief Mr Mchechu on the company’s business developments and interests in the country.

The delegation was led by Ms Lizelle Marwick, Chief Legal Officer of AngloGold Ashanti, and included Ambassador Baso Sangqu, Senior Vice President for Sustainability at AngloGold Ashanti, and Mr Simon Shayo, Vice President for Sustainability and Stakeholder Engagement at Geita Gold Mining Limited (GGML).

Mr Mchechu said OTR, as the government’s shareholder representative, approaches its relationship with companies from the perspective of being a fellow shareholder rather than an opposing party.

“Whatever keeps you away also keeps us away, and whatever brings results brings results for both of us,” he said, underscoring the importance of working together to achieve sustainable business outcomes.

He said OTR works closely with relevant authorities, with the institutions reading from the same page on key issues to ensure consistency and stability for investors.

Mr Mchechu said OTR was committed to building a long-term relationship with AngloGold Ashanti based on mutual understanding, effective corporate governance and a shared interest in ensuring the success of the business.

He also stressed the importance of strengthening corporate governance and ensuring that boards have capable members with a strong understanding of business, enterprise and strategic direction, particularly in companies that contribute taxes and dividends to the Government.

For her part, Ms Marwick said AngloGold Ashanti values its relationships with host governments and appreciates its long-standing engagement with the Tanzanian Government.

She said the company was committed to building a genuine partnership in which both sides contribute their strengths and perspectives for mutual benefit and the wider interests of the country.

Ms Marwick said AngloGold Ashanti was ready to support capacity building for government-appointed directors through governance and induction programmes covering fiduciary responsibilities, board processes and financial literacy.

She also proposed technical exposure visits to Geita Gold Mine to help government directors better understand mining operations, including the technical aspects of resources and reserves.

Ms Marwick described Geita Gold Mine as a flagship asset and said AngloGold Ashanti had remained committed to Tanzania despite legislative changes and challenges associated with COVID-19.

She said the company’s relationship with the government would provide an important stepping stone for its other exploration titles in Tanzania, noting that AngloGold Ashanti could expand more easily where it already had operations, infrastructure and a strong working relationship with the Government.

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ABSA BANK TANZANIA EXPANDS SUPPORT FOR YOUNG INNOVATORS THROUGH SECOND GIRLCODE HACKATHON

Zandile Mkwanazi

Absa Bank Tanzania in partnership with GirlCode, a South African based non-profit organization aiming to equip girls from underprivileged backgrounds with the skills and resources they need to thrive in the technology industry, have announced the return of the GirlCode Tanzania Hackathon for its second year, following a remarkable milestone in 2025 when the Tanzania team walked away with the Pan-African Grand Prize to the value of $5,000.

The GirlCode Hackathon is part of GirlCode’s wider Pan-African initiative to empower young women with practical technology skills, mentorship, and opportunities to build solutions that respond to real challenges in their communities. The return of the Tanzania edition marks an important step in strengthening the country’s pipeline of female tech talent and building on the success achieved by last year’s participants.

Tanzania’s 2025 win demonstrated the power of investing in young women as innovators, builders, and problem-solvers. Their achievement not only placed Tanzania on the Pan-African GirlCode Hackathon map, but also served as inspiration for more young women across the country to see themselves as part of Africa’s growing digital economy.

“At GirlCode, we are incredibly proud of what the Tanzania team achieved last year,” said Zandile Mkwanazi, CEO of GirlCode. “Winning the Pan-African Grand Prize showed the depth of talent, creativity, and potential that exists among young women in Tanzania. As we return for the second year, our goal is to build on that momentum and give even more young women the opportunity to develop their skills, work in teams, and create technology-driven solutions that can have real impact.”

This year’s hackathon will bring together female students, graduates, aspiring developers, and young innovators to collaborate in teams, receive mentorship, and present their solutions to a panel of judges. Participants will be challenged to think critically, apply their technical skills, and develop innovative ideas that can contribute to the future of work, entrepreneurship, and digital transformation.

The hackathon also creates an important platform for young women to gain exposure to the technology industry, connect with peers and mentors, and build confidence in their ability to pursue careers and opportunities in tech. For many participants, the experience serves as a stepping stone into internships, employment, entrepreneurship, and continued learning.

Oscar Mwamfwagasi

Speaking about the significance of the initiative, Absa Bank Tanzania’s Chief Operating Officer, Oscar Mwamfwagasi said: “What makes this year's Hackathon especially valuable is the active participation of SME founders, who bring practical business experiences and real-world challenges into the programme. Their involvement enriches the learning journey for participants while opening doors for startups to showcase their ideas, receive guidance from industry experts, and build connections that can accelerate their growth. Initiatives like this are essential in fostering innovation, empowering entrepreneurs, and creating a more inclusive digital ecosystem that supports Africa's continued development."

As the GirlCode Hackathon continues to grow across Africa, Tanzania’s story stands out as a powerful example of what becomes possible when young women are given access to the right platforms, resources, and networks. The 2025 Pan-African win has set a strong foundation, and this year’s edition aims to inspire the next generation of Tanzanian women in technology to go even further.

GirlCode invites young women in Tanzania, partners, mentors, and members of the technology ecosystem to support this year’s hackathon and help build a more inclusive digital future for Africa.

Date: 26-27 September 2026

Application link: https://www.girlcode.co.za/hackathon-2026

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DIGITAL TRANSFORMATION IN BANKING: A GAME CHANGER THAT MISSES A STEP

Digital Transformation in Banking: A Game Changer That Misses a Step

By Nicky Mlelwa, Head of Application Management, Absa Bank Tanzania - Digital transformation has fundamentally changed the face of banking. What was once an industry defined by queues, paperwork, and branch visits is now powered by speed, convenience, and experiences that fit seamlessly into customers’ daily lives. Through automation, artificial intelligence, real-time data, and modern technologies, banks are delivering services faster and more intelligently than ever before.

Today, customers can open accounts, receive instant loan decisions, make payments in seconds, and receive personalized financial guidance, all from the palm of their hand. Services that once took days or even weeks can now happen in instantly. Features such as straight-through processing, real-time payments, digital lending, and open banking have moved from innovation to expectation, becoming part of what customers simply assume modern banking should provide.

But the real transformation goes beyond technology. It is about changing the relationship between banks and their customers. Banking is no longer just a place to store money or process transactions. Instead, it has become a trusted companion that supports customers throughout their financial journeys. Whether paying bills, sending money, accessing credit, saving for the future, or investing, customers can manage their finances anytime, anywhere, without being limited by branch locations or operating hours.

Behind these seamless experiences lies a powerful digital foundation. Banks have adopted technologies that make them faster, more flexible, and better equipped to respond to changing customer needs. Microservices and APIs allow complex banking systems to be broken into smaller, independent building blocks that are easier to improve and connect. Cloud computing provides on-demand computing power, enabling banks to innovate quickly without the constraints of traditional infrastructure. Artificial intelligence and machine learning help banks understand customer behaviors, anticipate needs, and deliver highly personalized solutions. Meanwhile, blockchain technology is strengthening trust by introducing greater transparency and security into financial transactions.

Together, these innovations are creating a new era of banking, one that is more connected, intelligent, and customer-centric. The banks that embrace this transformation are not simply digitizing existing services. They are reimagining what banking can be, creating experiences that are effortless, relevant, and available whenever customers need them. In a world where expectations continue to evolve, digital transformation is no longer just a competitive advantage. It is the foundation for future growth, innovation, and lasting customer relationships.

However, as much as I celebrate the remarkable strides banks have made in digitizing their offerings, there remains a critical gap - one that often goes unnoticed yet significantly impacts the customer experience. This gap lies in the lack of seamless digital complaint handling mechanisms within many digital banking solutions.

Digital customers expect digital service - not just when everything works perfectly, but also when something goes wrong. A customer who opens an account online, applies for a loan through a mobile app, or completes a transaction digitally naturally expects to resolve any issues through the same digital channels. Traditional avenues such as call centers or branch visits no longer resonate with the expectations of a digitally empowered customer base.

In fact, the expectation goes even further. Today’s digital customers anticipate systems that are intelligent enough to detect failures proactively and resolve them before the customer even raises a complaint. When this does not happen, and customers are forced to navigate fragmented support systems, the experience becomes frustrating. The inability to lodge a complaint easily or receive swift digital resolution leaves customers feeling unheard and undervalued.

This disconnect undermines the very promise of digital transformation. Despite offering cutting-edge services, banks risk losing customer trust and loyalty if the support experience does not match the simplicity and efficiency of the front-end journey. Lost voices in fragmented complaint systems translate into dissatisfaction, reduced engagement, and ultimately, negative impacts on revenue and brand perception.

The path forward is clear: banks must embrace a truly end-to-end digital journey - one that does not end at service delivery but extends seamlessly into customer support. Digital transformation should not only focus on enabling transactions but also on closing the feedback loop in real time.

This requires embedding complaint handling directly into the digital architecture of banking solutions. It means building systems that can capture issues instantly, track them transparently, and resolve them efficiently - without requiring customers to step off their digital experience. Every touchpoint, from initiation to resolution, must be designed with the same level of simplicity, speed, and intelligence.

An effective digital complaint management system should include automated detection of anomalies, real-time notifications, self-service resolution options, and, where necessary, swift escalation pathways - all accessible through digital channels. More importantly, it should provide customers with visibility and assurance that their concerns are being addressed.

In a market where customer expectations are continuously evolving, differentiation will no longer be driven solely by the sophistication of products but by the quality of experiences. Banks that succeed will be those that listen as well as they innovate - those that not only digitize services but also humanize the digital journey through responsiveness and empathy.

Ultimately, a truly transformed bank is one that ensures every interaction is digital, every complaint is resolved swiftly, and every customer feels heard. This is where trust is built, loyalty is strengthened, and long-term competitive advantage is secured.

Because in the end, a delighted customer is not just a satisfied user who is likely to spend more - it is an enduring source of value.

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ABSA BANK TANZANIA SHOWCASES INNOVATIVE BANKING SOLUTIONS AT NANE NANE 2026

Minister for Agriculture, Hon. Daniel Chongolo (centre), receives an explanation about various banking services offered by Absa Bank Tanzania during his visit to the bank’s pavilion at the 32nd International Nane Nane Farmers’ Exhibition, which concluded yesterday at the Dr. John Samuel Malecela Grounds in Dodoma Region.

Absa Bank Tanzania’s Head of Customer Network, Ms. Irene Mwilongo Msungu (second left), explains the banking services offered by the bank to a Dodoma resident, Mr. Pius Killo, during his visit to the bank’s pavilion at the 32nd International Nane Nane Farmers’ Exhibition, which concluded yesterday at the Dr. John Samuel Malecela Grounds in Dodoma Region. On the left is the bank’s Dodoma Regional Branch Manager, Mr. Deogratias Luena, while third left is Absa Bank Tanzania’s Manager Citizenship and Events, Ms. Abigail Lukuvi.

Absa Bank Tanzania’s Dodoma Regional Branch Manager, Mr. Deogratias Luena (centre), explains the banking services offered by the bank to some students who visited the bank’s pavilion during the 32nd International Nane Nane Farmers’ Exhibition, which concluded yesterday at the Dr. John Samuel Malecela Grounds in Dodoma Region.

Absa Bank Tanzania Dodoma Branch employee, Mr. Emmanuel Basharasha, explains the banking services offered by the bank to some visitors at the bank’s pavilion during the 32nd International Nane Nane Farmers’ Exhibition held at the Dr. John Samuel Malecela Grounds in Dodoma Region yesterday.

Absa Bank Tanzania Dodoma Branch Sales Officer, Mr. Gabriel Mlaga (right), takes a photograph of a customer as part of the process of opening a new account during the customer’s visit to the bank’s pavilion at the 32nd International Nane Nane Farmers’ Exhibition held at the Dr. John Samuel Malecela Grounds in Dodoma Region yesterday.

Absa Bank Tanzania’s Head of Customer Network, Ms. Irene Mwilongo Msungu (second right), explains the banking services and products offered by the bank to Research Director from the Prevention and Combating of Corruption Bureau (PCCB), Dr. John Joseph (second left), during his visit to the bank’s pavilion at the 32nd International Nane Nane Farmers’ Exhibition, which concluded yesterday at the Dr. John Samuel Malecela Grounds in Dodoma Region.

Absa Bank Tanzania’s Head of Customer Network, Ms. Irene Mwilongo Msungu (centre), the bank’s Manager for Citizenship and Events, Ms. Abigail Lukuvi (second left), and some employees from Absa Bank Dodoma Branch pose for a group photograph at the bank’s pavilion during the 32nd International Nane Nane Farmers’ Exhibition held at the Dr. John Samuel Malecela Grounds in Dodoma Region. (Photos: Mgongo Media)

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ABSA BANK TANZANIA LAUNCHES “ABSA LIPA SASA” TO ACCELERATE DIGITAL PAYMENTS AND FINANCIAL INCLUSION

Absa Bank Tanzania's Head of Commercial, Victor Nchimbi (fifth left), Marketing and Communications Manager, Beda Biswalo (fourth left), and Product and Channels Manager, Devroda Kagusa (third right), together with other bank employees, launches the Absa Lipa Sasa payment solution during a press conference in Dar es Salaam today. Through Absa Lipa Sasa, customers can make payments from any bank or mobile phone network using a QR Code, making digital payments simpler and more convenient. (Photo: Mgongo Media)

Absa Bank Tanzania has officially launched Absa Lipa Sasa, its TanQR-powered payment solution designed to provide businesses and consumers with a fast, secure and interoperable digital payment experience. Built on Tanzania's national QR code standard under the guidance of the Bank of Tanzania, Absa Lipa Sasa enables merchants to accept payments from multiple banks and mobile wallets using a single QR code, simplifying transactions while reducing operational costs.

Speaking at the launch event, Victor Nchimbi, Head of Commercial Banking at Absa Bank Tanzania, said: "Absa Lipa Sasa is designed to make payments easier, faster and more convenient for businesses and their customers. With a single QR code, merchants can accept payments from customers across multiple banks and mobile wallets, eliminating the need for multiple devices or payment solutions. This reduces the cost and complexity of doing business while enabling faster transaction processing, improved record-keeping and enhanced security. For customers, it provides a seamless and reliable payment experience that supports the growing adoption of digital payments across Tanzania."

The launch aligns with the Government of Tanzania's broader agenda to expand financial inclusion and accelerate the digitisation of the economy. By leveraging TanQR interoperability, Absa Lipa Sasa enables merchants to accept digital payments through a single platform, removing the need for multiple payment systems or devices.

Further highlighting the solution's benefits, Nchimbi said the single QR Code accepts payments from various banks and mobile money operators, while transaction confirmations are received instantly.

He added that the solution reduces dependence on cash, increases transparency in payment transactions and lowers the cost of accepting payments, particularly for micro, small and medium-sized enterprises (MSMEs).

"The solution is designed to serve small, medium and large businesses, as well as informal sector merchants seeking a secure, simple and efficient way to receive payments," he added.

Absa Lipa Sasa supports micro, small and medium enterprises (MSMEs), informal traders and larger businesses seeking efficient, secure and convenient payment solutions.

Commenting on the significance of the launch, Beda Biswalo, Marketing & Communications Manager at Absa Bank Tanzania, said: "At Absa, we believe that 'Your Story Matters' because every customer, entrepreneur and business has ambitions worth supporting. Absa Lipa Sasa reflects our commitment to helping our customers grow through simple, secure and accessible payment solutions that respond to their everyday needs. This is how we bring our purpose, 'Empowering Africa's tomorrow, together... one story at a time,' to life, creating meaningful impact while advancing financial inclusion and digital transformation across Tanzania."

Through Absa Lipa Sasa, merchants can expand their customer reach, reduce cash-handling risks and build digital transaction histories that may enhance access to future financial services.

Absa Bank Tanzania's Head of Commercial, Victor Nchimbi (centre), Marketing and Communications Manager, Beda Biswalo (left), and Product and Channels Manager, Devroda Kagusa, demonstrate a mobile payment using the Absa Lipa Sasa payment solution during its launch in Dar es Salaam today. Through Absa Lipa Sasa, customers can make payments from any bank or mobile phone network using a QR Code, making digital payments simpler and more convenient.

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ABSA BANK TANZANIA AND KNAUF GYPSUM TANZANIA SIGN MOU TO LAUNCH DISTRIBUTOR FINANCING PROGRAMME

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (right), and Knauf Gypsum Tanzania Managing Director, Mr. Christoforos Stamoulakatos, sign a Memorandum of Understanding (MoU) aimed at establishing a Distributor Financing Programme in Dar es Salaam today. The initiative seeks to enable Knauf distributors to access business capital more easily, strengthen the supply chain, and drive growth in the construction sector in Tanzania. Left is Knauf Legal Counsel, External & Government Affairs Manager, Ms. Flora Erasto and Absa Bank Tanzania Company Secretary, Mr. Desmond Malyi.

Absa Bank Tanzania and Knauf Gypsum Tanzania today signed a Memorandum of Understanding (MoU) to launch a Distributor Financing Programme aimed at strengthening Knauf's distribution network and improving access to financing for its distributors across Tanzania.

The partnership marks a significant milestone in the long-standing relationship between the two organizations and reinforces their shared commitment to supporting business growth, strengthening supply chains and driving sustainable economic development.

Under the programme, Absa Bank Tanzania will provide tailored financing solutions to eligible distributors within Knauf's network, subject to the Bank's credit assessment process and approved exposure limits. The initiative is expected to onboard approximately 30 to 40 distributors into the Bank's portfolio, providing them with enhanced access to working capital and business financing solutions.

Speaking during the signing ceremony held at Knauf Gypsum Tanzania's headquarters in Dar es Salaam, Absa Bank Tanzania Managing Director, Obedi Laiser, said: "This partnership demonstrates the power of ecosystem banking in supporting business growth and creating shared value. By extending financing solutions to distributors within Knauf's network, we are helping businesses build capacity, improve efficiency and seize growth opportunities. As Absa, we remain committed to empowering Africa's tomorrow, together, one story at a time – this is the purpose of our existence."

The Distributor Financing Programme will enable participating distributors to access funding solutions that support inventory purchases, working capital requirements and business expansion, helping strengthen the overall distribution ecosystem while improving product availability in the market.

Christoforos Stamoulakatos, the Managing Director of Knauf Gypsum Tanzania, welcomed the partnership and emphasized its importance in supporting the company's distribution network.

"Our distributors are a critical part of our growth journey and our ability to serve customers across Tanzania. Through this partnership with Absa Bank Tanzania, we are creating opportunities for our distributors to access financial solutions that can support their growth and strengthen their ability to meet increasing market demand."

The collaboration aligns with Absa Bank Tanzania's strategic focus on ecosystem banking, which seeks to provide integrated financial solutions that support entire value chains and unlock growth opportunities for businesses of all sizes.

As one of Absa Bank Tanzania's key Corporate Banking clients and a strategic partner within Corporate and Institutional Banking (CIB), Knauf continues to play an important role in the country's construction sector. The new financing programme is expected to deepen collaboration between the two organizations while creating additional opportunities for engagement across Knauf's operations and value chain.

The signing ceremony was attended by senior executives from both organizations, distributors, business partners and members of the media.

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (right), and Knauf Gypsum Tanzania Managing Director, Mr. Christoforos Stamoulakatos, exchange copies of the Memorandum of Understanding (MoU) during the signing ceremony in Dar esSalaam today. The agreement aims to establish a Distributor Financing Programme designed to enable Knauf distributors to access business capital more easily, strengthen the supply chain, and support the growth of Tanzania’s construction sector. Left is Knauf Legal Counsel, External & Government Affairs Manager, Ms. Flora Erasto and Absa Bank Tanzania Company Secretary, Mr. Desmond Malyi.

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser, and Knauf Gypsum Tanzania Managing Director, Mr. Christoforos Stamoulakatos, pose for a group photograph with staff members from both organisations during the signing ceremony of a Memorandum of Understanding (MoU) to launch a Distributor Financing Programme. The initiative aims to provide Knauf distributors with easier access to working capital, strengthen the supply chain, and accelerate the growth of Tanzania's construction sector. The signing ceremony was held in Dar es Salaam today. (Photos: Mgongo Media)

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ABSA BANK AND TCB STRENGTHEN STRATEGIC PARTNERSHIP RELATIONS

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (left), greets Tanzania Commercial Bank Managing Director, Mr. Adam Mihayo, shortly after Mr. Laiser and his delegation arrived at TCB’s offices in Dar es Salaam yesterday. The courtesy visit was aimed at strengthening strategic partnership relations between the two institutions and exploring opportunities for collaboration.

The leadership teams of Absa Bank Tanzania, led by Managing Director Obedi Laiser, and Tanzania Commercial Bank (TCB), led by Managing Director Adam Mihayo, met at TCB’s headquarters in Dar es Salaam yesterday for a strategic engagement focused on strengthening the relationship between the two institutions and exploring opportunities for collaboration.

The meeting brought together the strengths of Tanzania’s state-owned commercial bank, TCB, and Absa Bank Tanzania, part of Africa’s leading pan-African banking group. Discussions centered on identifying practical areas where both institutions can work together to create greater value for customers, businesses, and the wider economy.

The engagement reaffirmed Absa’s shared commitment to supporting Tanzania’s Development Vision 2050 (Dira 2050) by leveraging complementary capabilities, fostering innovation, and advancing partnerships that contribute to sustainable economic growth and financial sector development.

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (left), listens to Tanzania Commercial Bank Managing Director, Mr. Adam Mihayo, during a courtesy visit at TCB’s offices in Dar es Salaam yesterday. The meeting focused on strengthening strategic partnership relations between the two institutions and identifying opportunities for collaboration.

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (second left), engages in discussion with Tanzania Commercial Bank Managing Director, Mr. Adam Mihayo (left), alongside several bank officials, during a courtesy visit at TCB’s offices in Dar es Salaam yesterday. The dialogue centered on strengthening strategic partnership relations between the two institutions and exploring business opportunities.

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (fourth left), Tanzania Commercial Bank Managing Director, Mr. Adam Mihayo (fifth left), and senior officials from both banks pose for a group photo following a courtesy visit at TCB’s offices in Dar es Salaam yesterday. The engagement was aimed at strengthening strategic partnership relations between the two institutions and exploring opportunities for collaboration.

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ABSA BANK TANZANIA STRENGTHENS PARTNERSHIPS WITH CORPORATE CLIENTS THROUGH NETWORKING BREAKFAST

Absa Group Chief Executive Officer for Corporate and Investment Banking (CIB), Mr. Zaid Moola (second right), engages with some of Absa Bank Tanzania’s Corporate and Investment Banking (CIB) clients during a customer networking event held in Dar es Salaam today. The event was organized by Absa Bank Tanzania as part of its ongoing commitment to strengthening business relationships with its corporate clients. It also brought together the clients and senior CIB executives from Absa Group, who are in Tanzania on a working visit.

Absa Bank Tanzania Strengthens Partnerships with Corporate Clients Through Networking Breakfast

In a continued effort to foster collaboration and recognize the invaluable contribution of its Corporate and Investment Banking (CIB) clients, Absa Bank Tanzania hosted a breakfast networking session today in Dar es Salaam. The event provided a dynamic platform for open dialogue on growth opportunities, emerging market trends, and the evolving future of business in Tanzania.

During the meeting, Absa Bank Tanzania Managing Director, Mr. Obedi Laiser, highlighted the diverse range of services the bank offers locally, with a particular focus on solutions tailored to meet the needs of corporate clients.

The session also marked the introduction of senior executives from Absa Group’s Corporate and Investment Banking division, led by Chief Executive Officer Mr. Zaid Moola, who engaged directly with clients during their working visit to Tanzania.

This visit by the Absa Group CIB leadership underscores the bank’s unwavering commitment to strengthening client relationships and delivering innovative solutions that enable businesses to thrive. It reflects Absa’s broader purpose of Empowering Africa’s tomorrow, together… one story at a time.

Absa Group Chief Executive Officer for Corporate and Investment Banking (CIB), Mr. Zaid Moola, delivered his remarks today during the CIB customer networking event held in Dar es Salaam. Organized by Absa Bank Tanzania, the event underscored the bank’s ongoing commitment to strengthening business relationships with its corporate clients. It also brought together clients and senior CIB executives from Absa Group, who are currently in Tanzania on a working visit.

Absa Group Chief Executive Officer for Corporate and Investment Banking (CIB), Mr. Zaid Moola (centre), Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (right), and Managing Executive for Corporate and Investment Banking – Africa, Mr. Sola Adegbesan, share a light moment during a corporate clients' networking event hosted by Absa Bank Tanzania in Dar es Salaam today. The event formed part of the bank's ongoing efforts to strengthen business relationships with its corporate clients and provided an opportunity for them to engage with senior CIB executives from Absa Group, who are in Tanzania on a working visit.

Absa Bank Tanzania Managing Director, Mr. Obedi Laiser (right), listens to the Chief Executive Officer of ASA Microfinance, Mr. Muhammed Shah Newaj, during an event organized by the bank for its Corporate and Investment Banking (CIB) clients in Dar es Salaam today, as part of efforts to strengthen their business relationships. The meeting also brought together the clients and senior CIB executives from Absa Group, who are in the country on a working visit.

Absa Group Chief Executive Officer for Corporate and Investment Banking (CIB), Mr. Zaid Moola, together with some senior executives from Absa Group, Absa Bank Tanzania Managing Director, Mr. Obedi Laiser, along with some employees and CIB clients, posed for a group photo after the conclusion of the meeting in Dar es Salaam today.

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DP WORLD DRIVES RECORD EFFICIENCY AND VESSEL PERFORMANCE AT DAR ES SALAAM PORT

90%+ reduction in discharge time highlights two years of operational transformation

DAR ES SALAAM, TANZANIA – 8th July 2026: DP World Dar Es Salaam has achieved record vessel performance and reduced cargo discharge times by more than 90% at the Port of Dar es Salaam, marking a major milestone in the terminal’s transformation since commencing operations in April 2024.

Operating under a 30-year concession, DP World continues to invest in modernising and expanding the port to support the country’s long-term trade ambitions.

DP World has shifted the port to modern roll-on/roll-off (RoRo) operations, enabling it to handle larger, more complex vessels safely, while reducing supply chain costs and supporting trade competitiveness and economic growth.

This transformation has delivered a more than 90% reduction in discharge time for comparable cargo, from over 300 hours to under 28 hours, setting a new benchmark for efficiency at the port.

In quarter one, the port achieved another operational milestone, with the arrival of M/V RAMHAN. At 240 metres length overall, it is the longest vessel ever to call at the Dar Es Salaam port with capacity for up to 7,790 vehicles. The vessel discharged 779 car equivalent units (CEUs) of predominantly heavy-duty vehicles in just over 27 hours.

Mohammed Akoojee, DP World Africa CEO and MD, said, “Our continued investment in the Port of Dar es Salaam reflects DP World's long-term commitment to Africa's economic growth and integration into global trade networks. Through our partnership with the Tanzania Ports Authority, we are not only modernising critical infrastructure, but we are also enabling regional integration, reducing trade barriers, and creating sustainable economic opportunities.”

Martin Jacob, CEO, Tanzania, DP World, said: “Over the past two years, we have fundamentally improved how cargo moves through the Port of Dar es Salaam. Faster turnaround, higher capacity and the ability to handle larger, more complex vessels are strengthening Tanzania’s position as a regional trade gateway to East Africa while delivering benefits for customers, businesses and the wider economy.”

The transition to handling cargo through Pure Car and Truck Carriers (PCTC), implemented in collaboration with the Tanzania Ports Authority, has enabled faster, safer and more efficient discharge of heavy-duty vehicles. This shift from general cargo operations has driven consistent performance gains across cargo categories and strengthened Dar es Salaam’s position as a competitive trade hub in East Africa.

Key Features / Impact

• 90%+ reduction in discharge time: From over 300 hours to under 28 hours for similar cargo.

• Record vessel handling: Longest vessel at 240m LOA successfully received and discharged.

• Increased capacity and efficiency: Commencement of PCTC operations improving speed and safety.

• Economic impact: Reduced logistics costs supporting productivity, GDP growth and trade competitiveness.

• Workforce development: More than 2,900 Tanzanians employed and supported through ongoing operational and safety training.

To support growing cargo volumes and larger vessel calls, DP World continues to invest in workforce capability and safety at the port. More than 2,900 Tanzanians are employed at the terminal, with employees completing internationally recognised certifications and specialised operational and emergency response training to support safe, efficient and reliable operations.

For more insights into how DP World is reshaping global trade, visit our website: www.dpworld.com

For media enquiries, please contact:

Keitumetse Masike

Director: Business and Strategic Communication Africa

Keitumetse.Masike@dpworld.com

+27 63 680 2036

Kholiswa Hashe

Senior Manager, Communications – East Africa

Kholiswa.Hashe@dpworld.com

+27 72 741 0099

Follow DP World on:

X (Twitter): https://twitter.com/DP_World

LinkedIn: https://www.linkedin.com/company/dp-world

About DP World

DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 125,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer’s door.

In Africa, DP World employs almost 30, 000 people, has a fleet of 6,300 vehicles, and operates in more than 50 markets.

WE MAKE TRADE FLOW

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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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