NBC Bank Tanzania CEO Mizinga Melu Appointed CEO Of Barclays Africa Regional Management

Barclays Africa Group has announced the appointment of Zambian Mizinga Melu as new Chief Executive of Barclays Africa Regional Management. Ms Melu will be in charge of the group’s businesses outside South Africa.

The appointment will be effective on October 1st 2014.

Ms Melu will oversee the development of stakeholder relationships with governments, regulators, the Boards and customers in the countries.

Tanzania Investment Guide 2026 Free Edition

According to a Barclays press release, country Managing Directors of all Barclays Africa’s businesses outside South Africa will report to Mizinga, who will co-ordinate integrated planning and ensure the development of product-led and country-specific strategies, as well as support their execution.

Ms Melu explained to TanzaniaInvest that she is excited to have the opportunity to work with the leadership teams of our operations outside South Africa as we continue on our journey of building the ‘Go-To’ Bank in Africa.  

Clarifying on her new role at Barclays she added that: “I particularly look forward to supporting the execution of our strategy on the continent and in the delivery of the targets and priorities set out by the Barclays Africa Group in February this year.”  

Commenting on the appointment, Barclays Africa Group Chief Executive Maria Ramos said: “I am excited that we were able to appoint someone with such breadth of skills and experience into this role. Her appointment will be instrumental in executing our strategy on the continent.” 

Ms Melu will report to David Hodnett, Deputy CEO of Barclays Africa Group.

TanzaniaInvest Capital Markets Report Banner

She joined the Absa Group as NBC Tanzania Managing Director in 2013 and she had previously held a number of roles at Standard Chartered including CEO of Standard Chartered Zambia, Global Head of development organisations in the UK, and Africa Regional Head of financial institutions in both South Africa and Kenya.

Want to know more about Banking in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Banking, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Related Posts
Tanzania Khamis Mussa Omar Parliament bunge
Read More

Tanzania Tables Bill to Let Banks Accept Movable Assets as Loan Collateral, Targets 50% Credit-to-GDP by 2030

Tanzania's Minister for Finance, Ambassador Khamis Mussa Omar, tabled a Bill in the National Assembly in Dodoma that would let banks accept movable assets as loan collateral, creating a legal framework for registering, managing and enforcing such security interests instead of relying predominantly on land and buildings. The Bill targets an increase in private sector credit-to-GDP from 22.5% in 2024 to 50% by 2030, banking service usage from 22% in 2023 to 50% by 2030, and the financial sector's contribution to economic activity from 17.1% in 2024 to 20% by 2030.
Tanzania banking sector performance H1 2026
Read More

Tanzania Banking Sector H1 2026 Performance: Profit Up 13% to TZS 1.38 Trillion, Assets Reach TZS 91.3 Trillion

Tanzania's banking sector recorded net profit after tax of TZS 1.38 trillion in H1 2026, up 13% from H1 2025, on total assets of TZS 91.3 trillion. CRDB Bank Plc (DSE: CRDB) profit rose 20% to TZS 416.9 billion and NMB Bank Plc (DSE: NMB) reached TZS 405.8 billion, while eleven banks with assets above TZS 2 trillion held 84.4% of sector assets, with average ROE at 12.5% and NPL at 4.7%.
Axian Acquisition Letshego Bank Tanzania
Read More

Yas Owner Axian To Acquire 100% Of Tanzanian Lender Letshego Faidika Bank

Axian, the group behind Yas mobile operator, is acquiring 100% of Letshego Faidika Bank Tanzania, a licensed Tier II commercial bank, with the transaction now under review by the country's Fair Competition Commission. The deal forms part of Letshego Africa Holdings' disposal of its Ghana, Tanzania, Nigeria, Rwanda and Uganda subsidiaries agreed on 27 April 2026, and would add a banking licence to a group that already operates the country's second-largest mobile money service.