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


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

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  • MALINZI blesses TFF elections

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

  • Barrick, government talks next week

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

Monday, May 25, 2026

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

 

Absa Bank Tanzania Liability Products Manager, Mr. George Kaindoah, presents an award to Malachi Mwiki, one of the winners of the just-ended Absa Bank-sponsored Swahili Talent Swimming Competition Season 3, at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and placed a special focus on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.
Young swimmer Cairo Erick Johannes, dives into action during the just-ended Swahili Talent Swimming Competition Season 3, sponsored by Absa Bank Tanzania, at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.
Absa Bank Tanzania Liability Products Manager, Mr. George Kaindoah, presents an award to Amran Suleiman, one of the winners of the just-ended Absa Bank-sponsored Swahili Talent Swimming Competition Season 3, at the Dar es Salaam Gymkhana Club grounds on Sunday. Other winners pictured are Alssein Humudi (third left) and Konhelli Mhella. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.
Swimmers compete during the just-ended Swahili Talent Swimming Competition Season 3, sponsored by Absa Bank Tanzania, at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.
Some participants with special needs posed for a commemorative photo with Irene Mushi from Absa Bank, after receiving their medals during the Swahili Talent Swimming competition. The event, sponsored by Absa Bank, concluded on Sunday at the Gymkhana Club grounds in Dar es Salaam. The competition brought together more than 300 participants from over 25 schools, with a focus on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha. Its aim was to recognize and nurture young talents in the sport of swimming.
Young swimmer Malikah Kassim displays her medal during the just-ended Swahili Talent Swimming Competition Season 3, sponsored by Absa Bank Tanzania, at the Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent.
Jubilant winners of the just-ended Swahili Talent Swimming Competition Season 3 display their medals during the prize-giving ceremony at the Dar es Salaam Gymkhana Club grounds on Sunday. The event featured more than 300 participants from over 25 schools and focused on promoting inclusivity by involving children with special needs from Dar es Salaam and Arusha, with the aim of identifying and nurturing young swimming talent. (Photos by Peter Mgongo)
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Sunday, May 24, 2026

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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Monday, May 18, 2026

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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Thursday, May 7, 2026

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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