In an effort to fill the country’s recent revenue collection gaps, the Bank of Tanzania (BoT) has given the government nearly Tzs 600 billion from the stimulus package that was announced last year by President Jakaya Kikwete.

The deputy minister for Tanzanian finance and economic affairs, Jeremiah Sumari, has recently indicated that the country needs to begin looking for methods and means of coping with the current Tanzania business climate, in which the majority of the country’s small and medium scale enterprises (SMEs) are being faced with numerous problems including the failure to effectively meet the terms of international standards.

According to a recent report by The Citizen, a Togo-based bank, Ecobank, is preparing to enter the Tanzania banking sector, which is expected to increase competition within the sector.

According to a recent report by the Daily News, in an effort to provide assistance to the Tanzania Investment Bank (TIB) in their efforts to develop a line of credit for farmers, the Bank of China has opened negotiation talks with the Tanzanian bank.

According to a recent report by The East African, the NIC Bank Group is planning to expand it branches into the Tanzania banking sector after having witnessed a pre-tax profit of 18 percent during its half-year results.

According to a recent report by The East African, the NIC Bank Group is planning to expand it branches into the Tanzania banking sector after having witnessed a pre-tax profit of 18 percent during its half-year results.

According to recent reports, the counter for Tanzania’s CRDB Bank Limited dominated trade at the Dar es Salaam Stock Exchange (DSE) last week, accounting for a total of 93.4 percent of the overall turnover, resulting from the transaction of 48,887,127 shares worth TSh 8,555.42 million in 2,071 deals.

The Daily News has reported the re-opening of the newly refurbished branch of the CRDB Bank in Moshi, which now represents one of the most modern outlets in the Tanzania banking sector.

The Tanzania Finance and Economic Affairs ministry has recently confirmed that Kenya's First Community Bank as well as two other Islamic banks, from Malaysia and the Sudan, have expressed interest in opening business in the Tanzania banking sector.