Ecobank Tanzania Wishes All Tanzanians Happy International Workers Day
May 1, 2014
1 minute read
Ecobank Tanzania, the Pan-African Bank with presence in in 35 countries in the African continent, wishes all Tanzanians Happy International Workers Day.
CRDB Bank has completed a 72-hour core banking system upgrade, restoring services across all platforms. The upgrade supports the bank’s international expansion strategy, including its planned entry into Dubai to connect East African clients with global financial markets.
The African Development Bank has approved a USD 10 million trade finance guarantee for Exim Bank Tanzania to support up to USD 60 million in trade transactions. The facility will enhance access to finance for SMEs and local corporates in key sectors such as agriculture, health, and manufacturing.
CRDB Bank, Tanzania’s largest commercial bank, has raised a USD 200 million syndicated loan in 2025 to support lending for SMEs, corporate clients, and infrastructure projects. The facility was oversubscribed with USD 567 million in commitments, reflecting global lenders’ confidence in CRDB Bank’s stability and Tanzania’s economic growth.
The Bank of Tanzania’s Monetary Policy Committee has decided to keep the Central Bank Rate (CBR) at 5.75%. The decision reflects the projection of stable inflation within the target range of 3–5%. GDP growth is also expected to remain strong and exceed 6%.
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