The Latest

Oversubscribed Bond to Finance Projects for Women, Youth, and People with Disabilities Listed on DSE

Azania Bank’s “Bondi Yangu” bond raised TZS 63.3 billion, surpassing the TZS 30 billion target. Now listed on the DSE, the bond aims to fund strategic projects, including affordable loans for women, youth, and people with disabilities.
January 25, 2025
2 minute read
Azania Bank Bondi Yangu Bond listing at DSE

Azania Bank has officially listed its oversubscribed “Bondi Yangu” bond on the Dar es Salaam Stock Exchange (DSE).

Initially targeting TZS 30 billion with an option to extend by TZS 15 billion, the bond raised TZS 63.3 billion, reflecting an oversubscription rate of 110.9% and total subscriptions of 210.9%.

The bond, launched on November 4, 2024, and closed on December 6, 2024, is the first phase of Azania Bank’s Medium-Term Note (MTN) program.

Tanzania Investment Guide 2026 Free Edition

Proceeds will support strategic initiatives, including providing affordable loans to women, youth, and people with disabilities.

During the listing ceremony, Finance Minister Dr. Mwigulu Nchemba highlighted the significance of the bond’s success. “This is the kind of financial innovation our President supports to foster modern economic growth. The government remains committed to creating a conducive environment for investments in capital markets,” he said.

Dr. Nchemba also urged other institutions to explore similar avenues for raising capital, underscoring the increasing financial literacy among Tanzanians.

Azania Bank Managing Director, Dr. Esther Mang’enya, expressed gratitude to stakeholders, including the Capital Markets and Securities Authority (CMSA), the Bank of Tanzania (BoT), and the DSE, for their roles in the bond’s success.

She reassured investors of the security of their funds and noted that 97% of the bond’s investors are individuals, reflecting strong public confidence in Azania Bank.

Tanzania Investment Guide 2026 Full Edition

About Azania Bank

Azania Bank, established in 1995, is a Tanzanian commercial bank headquartered in Dar es Salaam. The bank’s majority ownership is held by government-related institutions, including:

  • Public Service Social Security Fund (PSSSF): 51.32%
  • National Social Security Fund (NSSF): 28.04%
  • National Health Insurance Fund (NHIF): 17.97%
  • Workers Compensation Fund (WCF): 1.78%
  • East African Development Bank (EADB): 0.50%

The bank provides financial services to various sectors of the economy, including agriculture, trade, and manufacturing, with a focus on promoting financial inclusion and economic development.

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.

Download Free OverviewGet the Full Guide
Tweet
Share
Share
Share
Related Posts
Vintan Mbiro Breakthrough Attorneys Brighton Kinemo TIB Rasilimali Signing MOU
Read More

Tanzanian Development Bank and Private Law Firm Sign MoU on Trust Fund Management

Tanzanian stockbroker and financial advisory firm TIB Rasilimali and law firm Breakthrough Attorneys signed an MoU to provide trust fund management and wealth advisory services in Tanzania. The agreement brings together legal advisory, trust structuring and fiduciary services with investment advisory, securities brokerage, portfolio management and capital markets services.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 31 of 2026: Equity Turnover Surges +155.54% to TZS 64.53 Billion as TCCL (+33.54%) and VODA (+21.21%) Lead Gainers

Equity turnover at the Dar es Salaam Stock Exchange surged +155.54% week-on-week to TZS 64.53 billion during Week 31 of 2026, with 15,883,064 shares changing hands across 21,680 deals. TCCL advanced +33.54%, VODA rose +21.21%, and USL gained +16.67% among the top performers, while MCB fell -53.03%, KA declined -38.89%, and PAL slipped -11.11% among the week's losers. Total market capitalisation closed at TZS 36,528.82 billion, with the DSEI rising +0.97% and the Commercial Services index leading sectoral gains at +19.91%. Bond market turnover reached TZS 84.18 billion, contracting -20.14% from the prior week.
IFC NMB Offshore Tanzanian Shilling Bond Listing
Read More

First Offshore Tanzanian Shilling Bond Lists on London Stock Exchange Raising TZS 265.2bn for SME Lending

The International Finance Corporation (IFC) has listed the first offshore Tanzanian shilling bond on the London Stock Exchange (LSE), raising TZS 265.2 bn (USD 100m equivalent) in the largest shilling-denominated issue ever placed in international capital markets. Proceeds fund a local currency facility for NMB Bank, Tanzania's second-largest, with 20% ring-fenced for women-owned MSMEs and an estimated 13,000 to 20,000 jobs expected to be supported.
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.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide