mkombozi commercial bank
agl: mkombozi commercial bank lives and breathes innovation – it’s in our dna .
kazi services limited is recruiting on behalf of mkombozi commercial bank (mkcb) .
agl: mkombozi commercial bank is a bank with one of the fastest growing client base in the country .
agency banking manager company: mkombozi commercial bank plc position description mkombozi commercial bank plc established in 2009 as a fully - fledged commercial bank offers wide spectrum of banking services. the bank is now desirous of getting able and qualified individuals to fill the following post :
for mkombozi commercial bank plc, csr has been an inherited and inbuilt element of its culture from the day the bank was founded .
mkombozi commercial bank (mkcb) core business is provision of financial services to micro and macro customers in tanzania .
this branch code value means this is the primary office (or head office) for mkombozi commercial bank ltd .
position description mkombozi commercial bank plc established in 2009 as a fully - fledged commercial bank offers wide spectrum of banking services. the bank is now desirous of getting able and qualified individuals to fill the following post :
position description: mkombozi commercial bank plc established in 2009 as a fully - fledged commercial bank offers wide spectrum of banking services. the bank is now desirous of getting able and qualified individuals to fill the following post :
tanzaniainvest interviewed mrs edwina agnellus lupembe, managing director of mkombozi commercial bank. she shares interesting insight on tanzania’s banking sector and her bank, and on the…
mkombozi commercial bank plc (mkcb) started as an initiative of the tanzania epscicopal coference to establish a commercial bank with the main objective of serving and supporting the emerging tanzanian businesses for provision of financial services .
dar es salaam. mkombozi commercial bank is planning to raise sh5 billion through its initial public offering (ipo) early next month .
swift code mkcbtztzxxx also known as bic code is a unique bank identifier of mkombozi commercial bank ltd and it' s used to verify financial transactions such as a bank wire transfers (international wire transfers) .
mkombozi commercial bank (dse: mkcb) has recently launched its new branch in moshi municipality, close to kilimanjaro national park in tanzania’s northeastern region .
csr in mkombozi commercial bank plc began with the first act of cultivating banking habits in an agrarian society – to effectively utilize idle money for productive purposes .
tanzaniainvest interviewed mrs edwina agnellus lupembe, managing director of mkombozi commercial bank. she shares interesting insight on tanzania’s banking sector and her bank, and on the country’s economic development and investment opportunities .
the bank was granted banking license by the bank of tanzania as a full - fledged commercial bank on 18th july 2009 and started banking business on 28th august 2009 .
mkombozi commercial bank (dse: mkcb) audited financial results for 2014 recently released, show strong year on year results. interest income on 31st december 2014 reached…
commercial bank mkombozi (mkcb), focused on supporting emerging tanzanian businesses, posted positive financial results for q1 2014. operating income before taxt at the end of…
mkombozi commercial bank (mkcb) has officially launched a rights issue sale of tzs5. 8 billion in an attempt to raise its capital base. the sale should…
mkombozi commercial bank (dse: mkcb) has recently published is financial results for the quarter ended on 31 december 2015, showing a growth of 9. 1% …
, the bank was a large financial services institution, providing commercial banking services to individuals, small to medium - sized corporate clients, as well as large businesses. then, it was the third - largest commercial bank in
read urltoken exclusive interview with mrs. edwina lupembe, managing director of mckb, to learn more about mkombozi bank .
mkombozi bank chairman mr method kashonda said payment of dividend will be through bank accounts and mobile money platform such as m - pesa, airtel money and tigo - pesa. mkombozi’s managing director, mrs edwina lupembe said the bank had posted an impressive performance last year from its six branches country wide .
this report extracts all available information about mkombozi commercial bank plc from emis' database of company information. the table of contents on the right indicates the categories of information that will be included in your report upon purchase .
the bank is a commercial entity. it has to carry out its operations to generate profits to fulfill its responsibility to all stakeholders .
mkombozi commercial banks plc. (mkcb) of tanzania initial public offering (ipo) and listing at dar es salaam stock exchange (dse) alternative market, the enterprise growth…
thus mobile money is in our development strategy and we are about to introduce this service to the market with our brand name ‘mkombozi bank plus’ .
mkombozi ´s motto is “the bank of integrity”. which corporate social responsibility (csr) programmes are in place to also implement this vision of integrity ?
the bank is aiming to grow further to reach more people who need bank services in few years to come .
on behalf of the dar es salaam stock exchange and on my own behalf, i take this opportunity to thank you all for joining us as we officially welcome mkombozi commercial bank plc on its listing at the dar es salaam stock exchange (dse) .
the bank has approved a policy for sustainable development, which ensures that bank’s activities are conducive to sustainable social welfare .
the bank becomes the third company to list on the newly established egm after maendeleo bank and swala oil and gas .
a licensed commercial bank that wishes to join the dech has to submit a dully - filled in application form “form 100” to the chairman of committee of management .
mkombozi commercial bank’s target markets are small and medium sized entrepreneurs, companies, saccos, social enterprises such as schools, universities and corporations. mkcb serves the need of growing companies, middle - market and large corporations, institutional investors, financial institutions and government entities .
the bank is a small commercial bank that focuses on serving the lower social economic classes in tanzania, along with their small - to - medium enterprises (smes). as of december 2011, the bank' s total asset valuation was approximately us $ 21. 8 million (tzs: 34
on this page you will find detailed information on bic code mkcbtztz for mkombozi commercial bank ltd. this swift code follows the same general structure as mentioned in the next section. for a detailed breakdown analysis of bic code mkcbtztzxxx, scroll towards the bottom of the page for specific details .
agl: the bank has the board of directors which has broad and rich experience that is useful in guiding the bank’s activities .
bot requires all banks to raise their capital base to sh15 billion by 2015. mkombozi bank has so far a core capital deficit of sh1. 2 billion, the statement said .
mkombozi bank, which has five branches, posted a sh119 million profit after tax in 2013 and its accounts books for the first quarter of this year indicated a profit of sh565 million .
statement by the ceo of the dar es salaam stock exchange mr. moremi marwa on the listing o mkombozi bank (tanzania) limited at the dar es salaam stock exchange on 29th december 2014
tbl was the top gainer of the week after its share price appreciated by 11. 82 per cent to sh12, 300. top losers for the week was swissport which depreciated by 12 per cent sh 4, 400 per share and mkombozi commercial bank that fell by 10 per cent and closed the week at sh900 per share .
the bank is focusing on its vision and mission, especially following these new developments and challenging environment. accordingly, mkombozi bank is prioritizing its efforts in a number of areas to expand the bank’s revenue base and increase its assets and market outreach. these areas include the establishment of agency banking; intensification of micro lending activities; intensification of corporate lending activities ;
mwanga community bank limited popularly known as “benki ya wananchi mwanga” opened its doors to the public nine years ago after obtained its license from bank of tanzania as a regional unit financial institution in year 2000. in 2009 mcb obtained a regional bank license from bot which allow the bank to operate throughout kilimanjaro region .
the stock of exim bank (tanzania) is owned by private individuals and corporate entities. the current shareholding in the bank is summarized in the table below :
as national interests turn to the marketplace, tanzania' s diplomacy has shifted toward establishing strong commercial and diplomatic ties with strategic economic partners .
, the bank maintains over 175 networked branches in all regions and provinces of tanzania .
ebt is a large banking institution, providing commercial banking services to individuals, small - to - medium - sized businesses, and large corporate clients .
, thus setting up the exim bank (east africa) group, a regional banking financial services organization. in march 2016, ebt acquired 58. 6% of imperial bank (uganda) ltd and changed its name to exim bank (uganda) limited .
, the bank maintains headquarters in dar es salaam, tanzania' s largest city. it maintains the following subsidiaries, which together form the exim bank group (east africa) :
all banks provide the same services the only advantage that we have in this respect is we provide fast, reliable services with great integrity. the motto of our bank is “a bank with integrity” .
to be a rural microfinance bank which will deliver high quality services for the development of mbinga district. the bank will continually stimulate economic growth and be a lead catalyst in the war against poverty .
formulating and recommending the bank' s vision, mission and strategic direction to board of directors. ;
the bank said its share will trade cum - dividend between may 27 and june 15 and goes to exdividend on june 16. mkombozi was established in 2009 by roman catholic church and its institutions as a local initiative to support the emerging small medium and large businesses for provision of financial services .
the bank deposits reached 102. 55bn / - at the end of 2016 while loans and advances ballooned to 73. 8bn / -, to enable mkombozi generated a profit of 1. 04bn / -. the bank, which its share traded at 1, 000 / - since january, saw its total assets growing to 128. 17bn / - from 111. 31bn / - of 2015 .
. it is the first indigenous tanzanian bank to own subsidiaries outside the country, as at march 2016 .
as a result of implementations of the financial sector reforms initiated by the government of tanzania in 1991, currently there are many fully - fledged commercial banks and financial institutions operating in tanzania .
the mission of dcb commercial bank plc is to contribute to the economic and social development in tanzania for individual, micro, small and medium enterprises, and corporate by developing specialized financial products and services and marketing these through an efficient and sustainable branch network where the customer is treated with promptness and responsiveness .
following the break - up of the old national bank of commerce in 1997, by act of parliament, three new entities were created: (a) nbc holdings limited (b) national bank of tanzania (1997) and (c) national microfinance bank. initially nmb could only offer savings accounts, with limited lending capabilities .
this unique swift code directory provides businesses and individuals with an easy way to avoid bank transfer and money transfer mistakes .
tby talks to dinesh arora, ceo of exim bank, on impressive growth, expansion plans, and aims for 2016 .
crdb bank plc rights issue of 435, 306, 432 ordinary shares at tzs. 350 per share (the offer )
the six - year - old bank is offering 5, 000, 000 shares at a price of sh1, 000 each. the share offer will represent 22. 9 per cent of the bank’s issued and fully paid - up ordinary share capital .
the church - owned bank said in a prospectus emailed by tanzania securities ltd yesterday that it wants to raise the funds to reach the regulatory target as set by the bank of tanzania (bot) and use the surplus to boost its capital base .
the bank is a financial institution with a special client focus on micro entrepreneurs, small and medium enterprises, and corporate customers .
the bank, which started operations in 2009, recently raised sh5. 8 billion from the rights issue to boost its capital .
the dar es salaam stock exchange is working to spread the word that listing opens commercial doors that would otherwise remain closed to many firms: doors to capital, banking credit - worthiness, and the spoils of the value chain .
, the bank' s total asset valuation was about us $ 2. 212 billion (tzs: 4. 72 trillion) .
our founder’s values and ethos based on trust got embedded in the bank’s policies and principles which reflect on its day to day business .
while carrying out its activities the bank is duty bound to ensure that its products and services serve the best interests of the society .
habitat for humanity tanzania previously held building events and hosted volunteers to build houses, both as individuals and part of global village work teams organized through habitat for humanity international or other habitat for humanity country programs. contacts: p. o. box 105506, dar es salaam mbagala rangi tatu, akiba commercial bank building email: makazibora @ urltoken website: www. urltoken
the dech is temporarily accommodated on the mezzanine floor of the bank of tanzania north tower building along 10 mirambo street awaiting take over by members through the tanzania bankers association. other clearing centers are available at bank of tanzania branches namely arusha, mwanza, zanzibar and mbeya .
the bank listed at dar es salaaam stock exchange (dse) – enterprise growth market – in decembre 2014, under the stock symbol mkcb .
application instructions: aspirants who meet the above qualifications and experience should submit their application letters enclosing detailed cv. copies of academic transcripts and one recent passport size photographs. applicants are also required to indicate names and contacts of at least two non relative referees. closing date: 30th july 2014 apply to: managing director mkombozl commercial bank pic p. o. box 38448 dar es salaam = = = = = = = =
application instructions: aspirants who meet the above qualifications and experience should submit their application letters enclosing detailed cv. copies of academic transcripts and one recent passport size photographs. applicants are also required to indicate names and contacts of at least two non relative referees. closing date: 30th july 2014 apply to: managing director mkombozl commercial bank pic p. o. box 38448 dar es salaam = = = = = = = = =
by june 2016, the bank' s total assets had grown to tzs: 1. 5 trillion (approx. us $ 700. 8 million) .
vicoba’s mission is to empower community with proper skills and adequate capital. vicoba formulate vicoba bank to lend group capital / loans for agricultural tools, entrepreneurship, craft arts, education loans, housing, energy, water, science, technology and communication. vicoba microfinance bank provides credit and financial service to its vicoba groups .
application instructions: aspirants who meet the above qualifications and experience should submit their application letters enclosing detailed cv. copies of academic transcripts and one recent passport size photographs. applicants are also required to indicate names and contacts of at least two non relative referees. closing date: 30th july 2014 apply to: managing director mkombozl commercial bank pic p. o. box 38448 dar es salaam = = = = = = = = = = =
application instructions: aspirants who meet the above qualifications and experience should submit their application letters enclosing detailed cv. copies of academic transcripts and one recent passport size photographs. applicants are also required to indicate names and contacts of at least two non relative referees. closing date: 30th july 2014 apply to: managing director mkombozl commercial bank pic p. o. box 38448 dar es salaam = = = = = = = = = = = = = =
the total number of shareholders at year end 2015 was 4, 681 (2014: 4, 688 shareholders). the shares of the bank are held as follows :
tby talks to benno ndulu, governor of the central bank of tanzania, on technology being used in the financial sector for mobile money, data collection, and analysis .
“this will enable the bank to tap into new areas of business, open more branches to increase its outreach and, generally, expand its operations, ” the statement said .
industrial & allied index improved by 8. 11 per cent to 4, 534. 97 points while banks, finance and investment index went down by 2. 72 per cent to 2, 497. 85 points. commercial services sector also decreased by 8. 46 per cent to 2, 718. 47 points .
in addition to this, the bank directly participates in social activities to help the development of specific areas / segments such as education for the needy, health and provision of social services .
the bank swift code provides information about the bank and branch where the money should be transferred. being able to check information about the swift code will provide you with the proper information necessary to make or receive payments. some of the banks and their associated branches benefit from an address listing which provides you with the means to match swift codes with financial institution office address .
our bank is driven by market insights, existing and emerging consumer preferences and has a culture of innovation which includes an innovation framework and / or processes that are supported by all levels of management .
membership is open to any licensed bank to operate in tanzania, which in the opinion of members is eligible for membership and agrees to the regulations and rules governing the operations of the clearing house .
if you’re not sure about any of the swift code details you’re using, get in touch with the bank or financial institution in question. they should be able to give you the right information .
mucoba was the first community bank in tanzania. in a profitable and sustainable way mucoba offers loans, savings and other financial services at the doorsteps of entrepreneurs, farmers and employees in mufindi district .
. over the years since that time, further divestiture by the tanzanian government and subsequent listing of the bank' s stock has led to a diversified ownership structure, as outlined under
ownership
.
twb officially opened its doors to the public on the 28th of july 2009. with a passion and commitment towards female entrepreneurs, the bank’s aim is to empower women economically and socially. twb strives to provide high quality services all across the board, thus the bank’s recognition and appreciation for the presence of low income earners, small businesses, the corporate clientele base, and small and medium enterprises (smes) .
enoch osei - safo, managing director of ecobank tanzania, in conversation with tby, explained the advantages of the bank' s chinese desk—china direct—that launched its tanzanian operations in partnership with the bank of china in march 2013. “africa has a significant chinese population that lacks access to a physical bank. our new alliance with the bank of china enables its customers in tanzania to make use of ecobank. and when faced by transactions that exceed our financial capabilities, we are able to rely on risk sharing with ecobank operations in other countries .
servicing all multinational chinese businesses active in africa, the dedicated global account manager is a single point of contact, “in a way bridging china with the whole of east africa ,
he added. tellingly, in 2013 the revenue stream from the chinese business line appreciated by 345% yoy .
as for a specific company, listing into the exchange results into more publicity, increased opportunities for future capital raising, in being more efficiency, increased transparency, attracting good talent, benefiting from tax incentives, and becoming more socially and economically responsible to the community. mkombozi has therefore made the right choice to join the family of companies so it can benefit from being listed .
the first 4 characters - 4 letters (
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): institution code or bank code - this code is used to identify the institution’s global presence (all branches and all divisions around the world) .
willingness to live and practice the core values of the bank, which are grounded in the concern for the disadvantaged and the unbanked small and medium size entrepreneurs, and upholding integrity in the services it provides. ;
akiba commerce bank (acb) managing director john lwande (left) briefs journalists in dar es salaam yesterday on launching the new golden account and a call centre. with him are acb officials. photo | emmanuel herman
the managing director shall be the chief executive officer, responsible for the day - to - day management of the bank, for provision of a dynamic and strategic leadership, vision and direction of the bank, ensuring appropriate outreach, growth and profitability while providing high - quality and transformation services. he or she shall be appointed by the board of directors. duties and responsibilities the successful applicant will be responsible' for, but not limited to the following duties :
for instance, when the instrument is drawn on account maintained at another branch of the same bank, it has to be sent to the paying branch for payment, and an adjustment of funds takes place through inter - branch accounts .
the day to day business of dech is conducted under the supervision of dech supervisor and assistant supervisor. bank of tanzania appoints the supervisor. the assistant supervisor is appointed by dech technical committee from one of member banks on rotational basis of two months tenure .
management and staff of the bank have a genuine commitment for excellence and well - focused shared vision and commitment and support from the roman catholic church institutions countrywide, who view it as an institution intended to serve an under serviced sector of the population of tanzania .
if the instrument is drawn on another bank’s branch, then clearance has to take place through a clearing house. the clearing house is a place where representatives of member banks meet at specified times, to exchange instruments and determine the net balances against each other .
the bank is only over three years old, however, it has managed to position itself on providing high quality and integrity banking services to small, medium sized enterprises and corporate businesses such as companies, savings and credit co - operative (saccos), schools and universities .
in 2013 finca tanzania has become the first microfinance institution in the country to transform from a non - regulated organization to an entity regulated by the bank of tanzania. this change in status will make it possible for even more tanzanians living in rural areas access to formalized banking services .
address: p. o. box 10485 mwanza, nyerere road opp. bank of tanzania - mwanza branch email: victoria. saccos @ urltoken geographical coverage: mwanza region main service / product: individual, group and salary loans targeted clients: individuals, entrepreneurs, groups, etc .
tanzania has welcomed several foreign banks, all of them keen to participate in the nation' s inevitable growth and the formalization of the capital markets. some of the banks that have commenced operations include fnb from south africa, uba from nigeria, ecobank from west africa, and equity bank from kenya .
organization the highest organ is the board of directors, charged with the formulation of broad policy guidelines. operations are entrusted in the managing director, who is the chief executive officer of the bank. he is assisted by the personal assistant to md' s office, 5 chief managers heading their respective departments and managers .
, according to its website, the bank' s total assets were valued at 1. 25 trillion tanzanian shillings (tzs) (us $ 584. 7 million, assuming an exchange rate of tzs 2, 138 per us dollar) with shareholders' equity of tzs 192 billion (us $ 90 million) .
mckb has (3) branches in dar es salaam (st joseph’s branch, msimbazi branch and kariakoo branch) and has (1) branch in mwanza opposite bot. mkcb plans to build a branch network throughout tanzania. the bank listed at dar es salaaam stock exchange (dse) – enterprise growth market – in decembre 2014, under the stock symbol mkcb .
we at dse, at the capital markets at large, are generally proud of our history and performance of listed companies. the 20 listed companies have a total market capitalization of tzs 21. 8 trillion, 13 of which are domestic listed companies whose market capitalization is tzs. 9. 6 trillion. listing of mkombozi today will increase our market capitalization by tzs 20. 6 billion and the number of listings to 21 in total, 14 domestic and 7 cross listed - - all these companies are fairly responsible to their shareholders. we believe that rules and regulations, oversight and procedures whose ultimate goal of protecting both investors and issuers have served the dse, the capital market and the tanzanian economy well .
the financial stability report for march 2014 issued by the bank of tanzania (bot) reveals that the banking sector accounts for roughly 70% of the financial system' s total assets, marching in step with broader economic growth, as demonstrated in the expansion of banks' physical infrastructure, as well as employment of the agent banking model, the broader leveraging of mobile banking—mobile penetration exceeds 60% —and integration of mobile financial services to extend financial inclusion .
dcb operates from 8 branches conveniently located within dar es salaam municipality, all networked and connected with atm of umojaswitch. · the bank’s head office and magomeni branch are located at dcb house magomeni mwembechai in kinondoni municipal · arnautoglu branch is located at arnautoglu building - mnazi mmoja grounds, bibi titi mohamed road in ilala municipal · temeke branch is located opposite to temeke primary court, temeke / evereth junction road. · tabata branch at tabata old dampo area in ilala municipal · ukonga branch is at aviation house, nyerere / kitunda road junction - banana area in ilala municipal. · chanika branch is located at chanika road .
agency banking manager reporting to: director of operations. key responsibilities: • responsible to ensure effective development. innovation and management of agency banking as an alternative channel of the business. • developing agency banking business. • preparation of annual marketing plan for agency banking and its budget. • review and process for approval agent’s selection. • oversee agency banking activities as per approved budget and plan. • monitor performance of agencies and attending various issues concerning agency banking. • oversee activities of the agents and agents banking officer. • preparation of policy manuals and review where necessary. • ensure proper training of agents and staffs. • to submit different analytical reports as required periodically. • set targets and ensure they are met. • handle customer complains • performing any other duties as may be assigned from time to time. outcome – measures: 1. successful support of an alternative channel model for the bank 2. successful project implementation and product developments 3. a positive customer experience in the new channels 4. viable solutions for the customers 5. successful relations with internal and external parties in delivering services through alternative channels. 6. other outcomes as determined by the bank 7. commercially oriented. a strategic thinker. and able to discuss strategic and sensitive issues. 8. prior exposure to alternative channels institutions / direct sales operations would be an added advantage. 9. a team player with ability to work harmoniously with other internal and external parties. 10. fluency in english and swahili
the overlapping issue between iso 9362 and iso 13616 is discussed in the article international bank account number (also called iban). the swift network does not require a specific format for the transaction so the identification of accounts and transaction types is left to agreements of the transaction partners. in the process of the single euro payments area the european central banks have agreed on a common format based on iban and bic including an xml - based transmission format for standardized transactions; the target2 is a joint gross clearing system in the european union that does not require the swift network for transmission (see ebics). the target - directory lists all the bics of the banks that are attached to the target2 - network being a subset of the swift - directory of bics .
the company provides investment opportunity to investors to gain in exposure of highly prospective and competitive banking sector in tanzania. the marketing strategies of the company will increase market coverage in the country as to date it has four branches which are kariakoo, msimbazi, mwanza and st joseph, there are other new branches which are in the progress .
fi nancials in the fiscal year 2013, the company’s net income was 119 million which higher than the previous year of 2012 .
earnings per share - tzs 0. 010 (0. 065) 0. 003
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so as to continue enhancing affordability, accessibility and in line with our objective of increasing financial inclusion in the country we are building branch networks .
it is tailor made and enables you to save for special milestones in life such as holiday at your dream destination, wedding, school fees for your children at best schools or colleges, constructions e. t. c
mckb has (3) branches in dar es salaam (st joseph’s branch, msimbazi branch and kariakoo branch) and has (1) branch in mwanza opposite bot .
st joseph’s branch plot no. 40, mansfield street (behind st joseph’s cathedral) p. o. box 38448 dar es salaam, tanzania. tel: + 255 22 213 7806 / 7, + 255 713838496 fax: + 255 22 213 6775 / + 255 22 213 7802 email: humphrey. singogo @ urltoken
mwanza branch nyerere road, opposite bot p. o. box 11923 mwanza, tanzania. tel: + 255 28 2500936, + 255 28 2500916, + 255 754210368 fax: + 255 28 2500935 email: nicholas. mokirya @ urltoken
msimbazi branch kawawa road, msimbazi centre p. o. box 40030 dar es salaam, tanzania. tel: + 255 22 2203243 / 4, + 255 754210901 fax: + 255 22 2203245 email: rigobertus. msuba @ urltoken
kariakoo branch aggrey street, near uhuru primary school p. o. box 38429 dar es salaam, tanzania. tel: + 255 22 2182012 / 2182025, + 255 715595684 fax: + 255 22 2180088 email: lameck. mavipya @ urltoken
bukoba branch plot no. 190, jamhuri road opposite police station p. o box 1137 bukoba, tanzania
moshi branch upinde street / kibo road christ the king cathedral p. o box 9 moshi, tanzania
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plot no. 40, mansfield street (behind st joseph' s cathedral), p. o. box 38448
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· paul rupa - kariakoo branch is located at msimbazi road opposite simba sports club building .
nascent, yet operating in a rational environment, tanzania' s banking universe is mirroring broader economic trends and set up for wealthier days in this east african nation .
for the year ending march 2014, total banking sector assets rose 12% to tzs20, 141. 3 billion ($ 12. 59 billion), with deposits also up by double - digit figures (10. 9 %) to tzs15, 726. 5 billion ($ 9. 83 billion). sector assets as a percentage of gdp were at 37. 9% in march 2014 down from 40. 2% yoy. for the period, the bot report indicates that, “the banking system remained profitable, adequately capitalized, and liquid ,
with the caveat that, “asset quality declined slightly mainly due to increase in non - performing loans [ npls ] in the personal, trade, manufacturing and agricultural credit categories .
yet the system was sufficiently capitalized to mitigate against systemic risk, where, on aggregate, the sector' s total capital adequacy ratio (car) was 19. 4% , almost twice the stipulated 10% threshold .
meanwhile, in terms of asset quality and credit concentration, “the banking sector was observed to be relatively exposed to credit risk. the assessment of asset quality based on the gross npls ratio, revealed marginal deterioration during the year to march 2014 .
yet in terms of credit concentration, the industry was deemed to be fairly diversified. npls rose to 8. 3% in march 2014 from 7. 9% a year before. increased npls were driven by personal loans and lending to trade, manufacturing, and agriculture. the npls of financial intermediaries in march 2014 stood at tzs38. 5 billion, up from tzs18. 5 billion in march 2013 .
the banks remained profitable in aggregate terms, as the system posted a return on assets (roa) of 3. 0% and net interest margin (nim) of 68% for the period. liquidity, too, was high, and for the period the liquid asset ratio was at 36. 4% , again, healthily in excess of the regulatory threshold of 20% . the ratio of total loans to total customer deposits, at 71. 9% in march 2014 was up from 68. 8% a year before .
china is, of course, well ensconced on the continent of africa, and actively funding core infrastructure projects. tanzania and china have signed five such contracts worth $ 1. 7 billion. chinese investment has in recent years soared, to a current $ 2. 5 billion .
rwanda was the first east african country to take the eurobond route in april 2014, raising $ 400 million, the 10 - year notes of which have returned 2. 4% thus far. and now, according to finance minister saada salum, tanzania aims to realize its first eurobond issuance in 2015 or 2016 to fund infrastructure projects. the value of the deal, while unconfirmed, is estimated at up to $ 1 billion according to reuter' s. all of this, however, is contingent upon tanzania first receiving the international sovereign rating it currently lacks .
inflation has dropped dramatically over the past year, but a widening current account deficit continues to underline external vulnerability. the discovery of significant gas reserves, however, could be a much - needed shot in the arm .
tby talks to he jakaya kikwete, president of the united republic of tanzania, on tanzania' s appeal to foreign investment and developing resources for broader national benefit .
tby talks to he bernard kamillius membe, minister of foreign affairs and international cooperation of the united republic of tanzania, on economic diplomacy, attracting fdi and investment, and the relationship between tanzania and the eac and sadc .
throughout tanzania' s history, zanzibar has remained semi - autonomous. now, a constitutional referendum may enshrine its status in tanzania' s legal system .
tby talks to he samuel j. sitta, mp, minister of east african cooperation, on the planned monetary union, priority projects for 2015, and the long - term development of east africa .
as a founding member of the east african community (eac), tanzania has been at the forefront of championing and advocating the intergovernmental organization' s regional integration efforts .
tby talks to amb. dr. richard sezibera, secretary - general of the east african community (eac), on the importance of tanzania, milestones of the eac, and goals for the future .
tby talks to masagos zulkifli bin masagos mohamad, senior minister of state, ministry of home affairs and ministry of foreign affairs of singapore, on bilateral relations, projects in the energy sector, and areas of interest for investment .
solid growth and falling inflation gave cause for celebration as tanzania entered 2014, yet a fall in export revenues highlighted the country' s continued vulnerability to external pressures .
tby talks to amb. ombeni y. sefue, chief secretary of the government, on e - government initiatives, the big results now plan, and the impact of natural resources discoveries .
the high potential of private equity deals in sub - saharan africa has been translating into real investments in recent years .
tby talks to christine lagarde, managing director of the imf, on tanzania' s role in the rise of africa, ensuring that natural resources wealth is managed correctly, and the imf' s policy support instrument for tanzania .
the tanzanian government is using the big results now plan to assure it meets its vision 2025 development goals and positions itself as a middle - income economy .
tby talks to moremi marwa, ceo of dar es salaam stock exchange, on growth in the markets, encouraging financial inclusion, and integrating in east africa .
tanzania' s first eurobond will confirm that the giraffe, metaphorically speaking, has all four legs planted on the ground .
tby talks to irene c. isaka, director general of the social security regulatory authority (ssra), on extending pensions out to the informal sector, and the need for further regulatory reform .
tby talks to stephen okundi, ceo of real insurance, on sector trends, and the catalytic effect of education on social inclusion .
tanzania is hoping to take advantage of its growing gas reserves not only to stabilize its own electricity supply, but also to become a major lng producer in the future .
tby talks to yona killagane, director general of tanzania petroleum development corporation (tpdc), on new legislative changes, exploration blocks, and local content .
tby talks to adam prince, country manager of tanzania at bg group, on what the company has planned in tanzania and what lng resources could mean for the country .
tby talks to øystein michelsen, country manager of statoil tanzania, on the natural gas law, lng plants, and the company' s goals for tanzania .
the recent gas discoveries made off the coast of tanzania have put the country on the map and made it a new focus for international investment and exploration .
tby talks to patrick rutabanzibwa, country chairman of panafrican energy tanzania (pae), on being a pioneer in the natural gas sector and its future .
tby talks to eng. felchesmi j. mramba, managing director of tanzania electric supply company (tanesco), on the sector' s restructuring process and new discoveries .
tby talks to emeka okwuosa, chairman & amp; ceo of oilserv limited, on the company' s current projects and capacity building .
the mtwara port is set to expand substantially in order to cope with the gas discoveries made in the south of the country .
tanzania' s industrial sector plays a noteworthy part in the wider economy, though it remains somewhat hampered by a reliance on agricultural raw materials .
tby talks to steve gannon, managing director of serengeti breweries, on changes in local beer consumption and sourcing local inputs for production .
tanzania' s mining sector is most renowned for its production of gold and the indigenously exclusive rare gem tanzanite, but proven reserves and recent investments could soon propel it to the ranks of the continent' s top iron ore and coal producers .
tanzania has come a long way toward developing a viable mining sector, but increased investment from abroad will be decisive if further gains are to be made .
despite recent falling gold prices, tanzania' s sizeable gold resources are still attracting fdi from large overseas operators in both the exploration and exploitation fields .
tby talks to brad gordon, ceo of african barrick gold (abg), on local content, expansion plans, and production targets .
tby talks to the hon. makame m. mbarawa, minister of communication, science, & amp; technology, on supporting tech entrepreneurs, private investment, and closing the digital divide .
tby talks with prof. john s. nkoma, director general of the tanzania communications regulatory authority (tcra), on expanding services in the country, developing innovation, and increasing ict penetration .
technological literacy is seen as underpinning national development, and the nictbb project is setting the pace for the future .
tby talks to sunil colaso, managing director of airtel tanzania, on the booming telecoms scene and mobile payments in tanzania .
mobile, or m - money, remains far from a saturated market, but as uptake increases in line with mobile penetration, it is having a positive effect on tanzanians' attitudes towards safeguarding tomorrow .
tby talks to suleiman s. suleiman, director general of tanzania airport authority (taa), on new infrastructure and changing mindsets to appeal to foreign investment .
with construction finally started in 2014, the new port of bagamoyo could rival mombasa and other indian ocean ports in the field of logistics .
the real estate sector in tanzania holds great potential; however, in order to realize this potential and avoid hampering future growth, an increase in supply is needed in residential, office, and retail space .
tby talks to nehemiah kyando mchechu, director general of the national housing corporation (nhc), on performance, satellite cities, and private investor opportunities .
facing a shortfall in affordable, high - quality housing, particularly in urban areas, the tanzanian government has developed a plan that is both progressive and growth - friendly to address the most basic needs of its people .
with a significant percentage of funding slated for infrastructure developments, construction industry bosses and investors are gearing up for a busy future .
tby talks to hamish hamilton, chairman of nabaki afrika, on green products, building trust in business, and trends in the construction sector .
tby talks to ashutosh jog, director of advent construction limited, on how the sector has changed in tanzania .
a booming economy, coupled with increased foreign investment, is driving the cement industry pushing tanzania to be the largest producer of cement in east africa .
while a dominant share of tanzania' s labor force works the fields, low commercialization and poor access to finance hold back profits; yet assistance programs targeting small farmers are showing signs of success .
tby talks to henry j. semwaza, advocate, director general of the sugar board of tanzania, on efforts to become self sufficient, possible export markets, and reform in the sector .
the government of tanzania is tackling the mammoth task of turning its rich agricultural potential into a reality with the southern agricultural growth corridor initiative and some help from its many local and international development partners .
after decades of stagnation, tanzania' s clove industry looks set for exponential growth as world demand increases, prices bounce back up, and the government invests in a program to improve yields and efficiency in the sector .
the challenge of addressing high mortality factors is being met, often through simple but effective preventative measures. however, further development of the healthcare sector needs to be further addressed .
of the approximately 35 million people living with hiv across the globe, over 1. 6 million are tanzanian .
despite economic and social challenges, the government of tanzania is working effectively with its international partners to assure universal access to basic education and expand higher education, whilst keeping an eye on achieving quality results .
while a large number of charities operate across east africa, tembo stands out in its mission to empower micro business owners and get more girls into school .
local tourism authorities and the private sector are aiming to make tanzania more attractive to visitors, with over a million arriving each year to sample its natural wonders .
tby talks to devota mdachi, acting ceo of the tanzania tourist board (ttb), on developments in the sector, improving infrastructure, and hope for the future of tanzanian tourism .
for adventure seekers looking for something new to see, tanzania' s extensive network of national parks and game reserves should provide the answer .
joseph sheffu, country leader of ey tanzania on the ins, outs, and opportunities to be had by investing in tanzania .
tby talks to israel kamuzora, commissioner of insurance at the tanzania insurance regulatory authority (tira), on the regulatory framework, increasing penetration, and growth sectors .
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edwina agnellus lupembe: development in the financial sector, in particular, the banking sector has played a key role in stimulating and stabilizing economic growth in tanzania .
the tanzania banking sector has continued to demonstrate steady growth over the past years .
the current multitude of banks and financial institutions have brought stiff competition in the industry, introduced many products and services to the diverse users of financial services .
this move is revolutionizing the whole practice of the tanzania economy which depended on the cash economy to next generation of non - cash economy .
agl: to innovate new banking products & services to fill in the vacuum of a large portion of unbanked local population of the economy left by other banks .
we are geared to support the government’s endeavour to fight poverty in the country .
the challenges ahead are enhancement of customer service, innovations in technology, improvement of risk management systems and diversifying products .
there is also the stiff competition from the other banks and market dynamics that we have to live with .
ti: mobile money is experiencing incredible popularity in tanzania. how is this influencing your development strategy?
mkombozi commercial bank plc. ( mkcb ) is a commercial bank in tanzania . it is licensed by bank of tanzania , the central bank and national banking regulator . mkombozi is a swahili word meaning savior . 
mkombozi commercial bank plc. (mkcb) is a commercial bank in tanzania. it is licensed by bank of tanzania, the central bank and national banking regulator. mkombozi is a swahili word meaning savior.
mkombozi commercial bank plc. (mkcb) is a commercial bank in tanzania. it is licensed by bank of tanzania, the central bank and national banking regulator. mkombozi is a swahili word meaning savior.