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The bank was founded in 1996, as Cooperative Rural Development Bank (CRDB) of Tanzania, following the privatization of state-owned firms by the Tanzanian government. In 1996 the Danish International Development Agency (DANIDA) acquired a 30 percent ownership stake in the bank. The shares of stock of the bank were listed on the Dar es Salaam Stock Exchange on 17 June 2009. [7]
Azania Bank is a Tier One-sized commercial bank that engages in retail banking, corporate banking, lease financing, foreign exchange transactions and import/export financing, as well the issuance of letters of credit. Following the acquisition of the assets and liabilities of Bank M, in January 2019, the total assets of Azania Bank were valued at approximately TSh 1,339 billion (US$582 million ...
National Bank of Commerce (Tanzania), whose full name is National Bank of Commerce (Tanzania) Limited, sometimes referred to as NBC (Tanzania), or as NBC (Tanzania) Limited, is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the country's central bank and the national banking regulator. [1] In August 2019, the bank was fined TSh 1 billion (US ...
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As of September 2023, the bank was a large financial services institution, providing commercial banking services to individuals, small and medium-sized enterprises, corporate clients as well as large businesses. Then, it was the second-largest commercial bank in Tanzania, by assets, behind CRDB Bank Plc. At that time, NMB Bank was ranked as the 3rd most profitable bank in the East African ...
Telephone system: telecommunications services are marginal; fixed-line telephone network inadequate with less than 1 connection per 100 persons; system operating below capacity and being modernized for better service; Very Small Aperture Terminal (VSAT) system under construction; mobile-cellular service, aided by multiple providers, is increasing rapidly and in 2011 exceeded a subscriber base ...
The bank is a retail commercial bank with a specific focus on serving the poorest Tanzanians and their enterprises. It operates as a microfinance bank. As of 2019, its total assets were valued at TSh 169.4 billion (approximately US$72.64 million), with shareholders' equity of TSh 21.4 billion (approximately US$9.18 million). [1] [2] In 2013, Akiba Commercial Bank was ranked "the best customer ...
Tanzania Telecommunications Corporation, formerly Tanzania Telecommunications Company Limited ( TTCL ), is the oldest and largest fixed line telecommunications company in Tanzania. The company comes forth from the former Tanzania Posts and Telecommunications Corporation in 1993. TTCL was wholly owned by the Government of Tanzania until the partial privatisation of the company on 23 February 2001.