Kikwete gives farmers their own bank, plus Sh800bn

President Jakaya Kikwete has fulfilled his promise of establishing a financial institution to finance agriculture.

Tanzania Agricultural Development Bank Limited (TADB) has signed a loan agreement with eight groups of Iringa farmers to offer Sh1 billion.

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President Jakaya Mrisho Kikwete launch First National Bank Tanzania
spyghana.com
A round of applause rings after President Jakaya Mrisho Kikwete has officially launched the First National Bank Tanzania (FNB-Tanzania) yesterday at the Kilimanjaro Grand Hyatt hotel in Dar es salaam. Others from left are the High Commissioner of South ...
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 Ajmair Riaz, Country Head of Retail Banking, Standard Chartered Bank Tanzania.***************************Monday 18 th May 2020 – Standard Chartered Bank Tanzania has become the first Bank in Tanzania to announce relief measures for its Individual and Business Clients whose income and cash flows have been affected by the COVID-19 pandemic.
In a statement issued by the Bank, Mr. Ajmair Riaz, the Bank’s Country Head of Retail Banking, said that his team has been working very...

 

-This represents a major vote of confidence in AfrAsia business model

 AfrAsia Bank Limited (http://www.afrasiabank.com/en)  today announced the addition of an important world-class strategic partner, National Bank of Canada, to its shareholding structure.   This represents a major vote of confidence in its business model, financial standing and unique positioning in regional and international markets. National Bank of Canada will immediately acquire a 9.5% stake in AfrAsia Bank, with the...

Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA signing of MOU between the two parties to unlock Euros 7 M in Tanzania.  Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA exchange documents after signing of MOU between the two parties to unlock Euros 7 M in...

President Dr.Jakaya Mrisho Kikwete meets President of the World Bank Group Dr. Jim Yong Kim in Toronto Canada. Photo by Freddy Maro

Thai bank loans may grow more than 2% this year -c.bank  ReutersBank loans may grow more than 2% this year: BoT  Bangkok PostView Full coverage on Google News

NIC Bank Tanzania will benefit from Tzs 8.5 Billion of additional capital from the Bank’s shareholders. The funds will be disseminated in two tranches of Tzs 5.8B with the injection of additional capital from NIC Bank Kenya already done in December 2013, with the Tzs 2.7B balance from the other local shareholders of NIC Bank Tanzania expected within a period of 6 months but no later than June 2014.

“A growing financial need in this market has required that NIC Bank Tanzania further grow...