Overview

Full Name: TIB Development Bank Limited

Type: Government-owned development finance institution

Established: November 1970

Purpose: To finance long- and medium-term investments in sectors like manufacturing, mining, agriculture, tourism, infrastructure, and other development priorities.

History

Began as a state investment bank focused on industrial development.

Transitioned into a dedicated development finance institution to support national economic growth.

Restructured periodically to improve efficiency, governance, and financial sustainability.

Organization

Ownership: Fully owned by the Government of Tanzania.

Regulatory Authority: Supervised by the Bank of Tanzania.

Subsidiaries:

TIB Rasilimali Limited – provides corporate finance and investment advisory services.

TIB Corporate Finance Limited – involved in large-scale corporate lending.

Leadership

Chairman: Sosthenes L. Kewe

Chief Executive: Lilian M. Mbassy (Acting)

Financial Snapshot

Total Assets: Approx. TSh 425 billion

After-tax Profit: TSh 6.2 billion

Equity (Shareholders’ Fund): TSh 104 billion

Branch Presence

Head Office: Sinza, Dar es Salaam

Key Branches: Mwanza, Arusha, Dodoma, Mbeya, and Zanzibar

Services Offered

Medium- and long-term loans to strategic sectors

Equity and joint-venture co-investments

Export and import financing

Corporate advisory and technical support services

Strategic Initiatives

Supports Tanzania’s national goals such as Vision 2025 and development plans

Focused on industrialization, food processing, and value addition

Plays a role in public-private partnerships for infrastructure development