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Tanzania Banking News. Service for global professionals. Constantly updated news and information about Tanzania.
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Latest Tanzania Banking News

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  • Kenya: Nakumatt sets Sh1.8 billion price for sale of 30 per cent stake 24 Nov 2009 14:53 GMT
    ... medium term syndicated loan from four local banks. The sale price puts Nakumatt's total worth ... Both have invested in healthcare, telecommunications and banking in four other African countries. Kingdom Holding ... also hopes to open four stores in Tanzania, three in Uganda, and one more in ...

  • UBA Opens in Gabon - Now in 14 African Countries 24 Nov 2009 04:30 GMT
    ... African countries where UBA has full scale banking operations. The other countries being; Nigeria, Ghana, Uganda, ... Senegal, Burkina Faso, Chad, Benin, Kenya and Tanzania. Mr. Rasheed Olaoluwa, Chief Executive Officer, UBA ...

  • BoT Now Comes Up With New Limitation 23 Nov 2009 12:20 GMT
    ... Via Acquire Media NewsEdge) The Bank of Tanzania (BoT) has restricted outsourcing by banks and financial institutions to enhance the stability ... and dependence on third parties in performing banking operations in the country. Many banks, especially ...

  • Nakumatt Sets Sh1.8 Billion Price for Sale of 30 Per Cent Stake 23 Nov 2009 12:32 GMT
    ... medium term syndicated loan from four local banks. The sale price puts Nakumatt's total worth ... Both have invested in healthcare, telecommunications and banking in four other African countries. Kingdom Holding ... also hopes to open four stores in Tanzania, three in Uganda, and one more in ...

  • Whose Community is It Anyway? [opinion] 23 Nov 2009 10:00 GMT
    ... of British East Africa's Uganda, Kenya and Tanzania. Certainly, the large corporations and education institutions ... the real owners. Likewise, much of Uganda's banking sector in the 1960s was actually owned by European banks through a simple but clever formula: The ...

  • Fresh clues about Deep Green 22 Nov 2009 08:46 GMT
    ... that stole billions from the Bank of Tanzania in association with the Meremeta Gold and ... however, Nedbank Africa Ltd-a branch of the banking group that focuses on expanding banking services ... 1, 2004, a public holiday when the banks were closed, the company opened its Current ...

  • Horticulturalists Now Breathe a Sigh of Relief 19 Nov 2009 00:56 GMT
    ... horticultural sector, with no exception to the Tanzanian flower industry. In Tanzania horticulturalists who have ... to the government to help with convincing banks to reschedule servicing of bad loans. Local flowers ...

  • Optimism as EAC Common Market pact signed 21 Nov 2009 06:24 GMT
    ... effect in July 2010. The states are Tanzania, Burundi, Kenya, Rwanda and Uganda and all ... been open to foreign workers in the banking, advertising, oil industry, insurance, capital markets, breweries ...

  • Allowances cost nation a fortune, says new report 19 Nov 2009 06:54 GMT
    ... from one foreign trip than the average Tanzanian farmer earns in one year of hard ... where you could meet executives from international banks and representatives of different institutions all together, while ...

  • I Will Follow My Shs 900m to the Grave - Akankwasa [interview] 19 Nov 2009 20:35 GMT
    ... is a lot of cross-border trade [with Tanzania]. My brothers John Bagambe and George Akankwasa, ... it. Besides, these people don't believe in banking and the money was not mine to ... like suicide. There are thieves in these banks. Why did you conclude that it was ...

  • DCB posts cumulative profit of 1.38 billion/- 23 Nov 2009 06:52 GMT
    ... last year. A statement issued at end of last week, said like many other Tanzania’s small banks, DCB's financial results painted a healthy liquidity position of the bank, with every indicator recording ...

  • Telecoms firms grow mobile money 22 Nov 2009 13:50 GMT
    ... 2009 at 00:00 MTN Uganda and Vodacom Tanzania are among six beneficiaries of grants from ... who buy and sell agricultural produce, to banking services. The simplicity and security of the MTN ...

  • Moneyweb special report podcast: Gold to hit $1 650 in 2010 - Jim Sinclair 23 Nov 2009 07:44 GMT
    ... the metals industry, the chairman of the Tanzanian Royalty Exploration, and a man who has ... intention on itself, and as the central banks are changing, so in fact are our major ...

  • USA - Credit guarantees from USDA 21 Nov 2009 01:11 GMT
    ... by guaranteeing payments due from approved foreign banks to exporters or financial institutions in the United ... Senegal, Seychelles, Sierre Leone, South Africa, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe All commodities: $50 ...

  • Media Trust African of The Year Nominee to Be Named January 23 Nov 2009 12:12 GMT
    ... African Union) and past Prime Minister of Tanzania. On the list of candidates screened were ... of diverse professional background including public servants, bankers, journalists, scientist, human rights activists and philanthropist, ...


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