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Overview & Legal Status Tazama SACCOS Ltd is a Savings and Credit Cooperative Society (SACCO) registered under Tanzania’s Co‑operatives Societies Act No. 6 of 2013, and licensed as a microfinance institution under the Microfinance Act No. 18 of 2018. It operates under the framework of a member-driven financial institution focused on fostering savings and providing credit to…
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Overview Name: Bank of Africa Tanzania Limited (commonly BOA Tanzania or BOAT) Type: Private commercial bank, licensed by the Bank of Tanzania Headquarters: NDC Development House, Ohio Street (corner of Kivukoni Road), Dar es Salaam Ownership & Group Structure BOAT is part of the Bank of Africa Group, a pan-African banking network headquartered in Casablanca,…
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What They Do Asset financing provider: Watu offers vehicle loans for boda-boda (motorbike taxis) and tuk-tuks across Tanzania—supporting entrepreneurs in acquiring these assets within 24 hours. Unsecured mobile-led lending: Their model relies on leveraging mobile services rather than collateral-based credit. Green mobility push: They recently expanded financing for CNG-powered three-wheelers, funding over 200 CNG vehicles…
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Equity Group Holdings (Pan‑African) Parent company: Equity Group Holdings Plc, a leading financial services conglomerate publicly listed in Nairobi, Uganda, and Rwanda Regional footprint: Subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, DRC, and a representative office in Ethiopia . Scale: As of Q3 2024, total assets exceeded KSh 1.70 trillion (~US $13 billion) with a customer base of ~21 million…
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The African Development Bank (AfDB) plays a significant role in Tanzania’s development through infrastructure, energy, agriculture, and trade finance initiatives. Here’s an overview of its key activities and presence in the country: 🇹🇿 AfDB in Tanzania: Overview As of mid-2024, the AfDB had approved 25 projects in Tanzania, totaling approximately $3.48 billion in commitments. These…
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DCB Commercial Bank Plc, originally established as Dar es Salaam Community Bank in 2001, is a publicly traded financial institution headquartered in Dar es Salaam, Tanzania. It commenced operations in April 2002 as a regional microfinance institution and transitioned to a fully-fledged commercial bank in 2012, expanding its services nationwide. Notably, DCB was the first…
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Mwalimu Commercial Bank PLC (MCB) is a Tanzanian commercial bank established in 2012, headquartered at Mlimani Tower on Sam Nujoma Road, Dar es Salaam . It was founded with the aim of providing innovative financial services tailored to the Tanzanian education sector and related communities. The bank is listed on the Dar es Salaam Stock…
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MUCOBA Bank PLC, formerly known as Mufindi Community Bank Ltd (MuCoBa), holds the distinction of being Tanzania’s first community bank. Established in December 1998 and licensed by the Bank of Tanzania in May 1999, MUCOBA Bank has been dedicated to providing essential banking services to the people of Mufindi and its neighboring districts since opening…
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Stanbic Bank Tanzania Limited is a full-service commercial bank and a member of the Standard Bank Group, Africa’s largest banking group by assets. Established in 1995 following the acquisition of Meridien BIAO Bank Tanzania, Stanbic Bank Tanzania offers a wide range of financial services to individuals, businesses, and institutions across the country. 📍 Head Office…
