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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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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