Ecobank Co-Hosts The First Africa Champions Forum In Support Of SMEs Across Africa

Ecobank, the leading pan-African banking group, has joined forces with the African Guarantee Fund, the first continent-wide guarantee fund, and AfricSearch, the recruitment firm, in co-hosting the first Africa Champions’ Forum in Senegal.

This forum brings together leading lights from the private sector and development agencies, together with influential political decision-makers, all united to promote the growth of the continent by providing finance and advisory services to Africa’s emerging small and medium enterprise (‘SME’) champions.

The objective of the forum is to enable some 300 SME leaders, from the five regions of Africa, to interact with more than 100 representatives of reputable financial institutions and around 50 small business consultants.

Tanzania Investment Guide 2026 Free Edition

The forum also aims to celebrate the achievements of Africa’s finest entrepreneurs, and the leading financial institutions that support them, by presenting awards in the following categories:
• SME of the Year
• Regional Development Prize
• Young Entrepreneur Of the Year
• Best SME Bank

SMEs were invited to make award submissions, provided that they met the following criteria: a minimum of 3 years of legal existence, with at least 10 full-time or equivalent employees and a turnover of between USD 250,000 and USD 15 million. 

Mr. Albert Essien, Ecobank’s Group CEO, commented: “The private sector and, in particular, SMEs are the lifeblood of any economy. SMEs are also the largest providers of direct employment, so it is important to support Africa-wide initiatives to drive their development, thereby deepening financial inclusion. Ecobank is delighted to be able to bring together private and public institutions in such a way to maximize the impact of the Africa Champions’ Forum.”

Patrick Akinwuntan, Ecobank’s Group Executive for Domestic Bank, added: “Supporting SMEs is in line with our vision of contributing positively to Africa’s development. In addition to providing access to finance through credit facilities, collections, trade and cash management products and services, Ecobank also provides significant access to market to SMEs through our unparalleled network of multinational and large corporates across 36 countries in Africa.”

Ecobank started operations in Tanzania in January 2010 and has since grown to include 9 branches across the country.

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 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.
Central Bank of Tanzania BOT CBR Interest Rate Q3 2026
Read More

BOT Raises Tanzania Central Bank Rate to 6.25% for Q3 2026; GDP Growth Estimated at 6% in H1 2026, Driven by Agriculture, Construction, Mining, and Tourism

The Bank of Tanzania (BOT) released its Monetary Policy Committee Statement of July 2026, in which it indicates that the MPC decided to raise the Central Bank Rate (CBR) from 5.75% to 6.25% for the third quarter of 2026. The decision aims to contain inflation driven by high energy, fertilizer, and transportation costs linked to the geopolitical conflict in the Middle East.
Bank of Tanzania Financial Stability Index 2014-2025
Read More

Tanzania Banking Assets Up 23.8%, Capital Markets Up 35.1%, Social Security Up 21.4%, Insurance Up 6.8% in 2025

The Bank of Tanzania Financial Stability Report for 2025 shows banking sector total assets grew 23.8% to TZS 76,975 billion, private sector credit expanded 23.5% with mining up 30.1% and trade up 29.4%, and the non-performing loans ratio fell to 2.8%, the lowest in the East African Community. Total capital market investment rose 35.1% to TZS 63,096.4 billion, social security assets grew 21.4% to TZS 25,921 billion, insurance assets rose 6.8% to TZS 2,633.6 billion, and foreign reserves stood at USD 6,312 million covering 5.2 months of imports.