The Latest

Bank of Africa Tanzania Opens in Mtwara

August 13, 2013
1 minute read

Bank of Africa Tanzania (BOA) opened its 19th branch in the country in Mtwara, in the southern region.

The bank indicated the rich natural gas resources and the oil and cashew nuts potential for its strategic choice.

BOA started its operations In Tanzania in 2007 with a focus on corporate and SMEs.

The bank is already present in Tanzania’s commercial capital Dar es Salaam and in other economic centres throughout the country such as Arusha, Morogoro and Mwanza.

Want to know more about Banking in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Banking, plus regulations, key sectors, and investment opportunities — all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
Central Bank of Tanzania BOT CBR Interest Rate Q2 2026
Read More

BOT Keeps Tanzania Central Bank Rate at 5.75% for Q2 2026; GDP Growth Reached 6.2% in Q1 2026, Driven by Construction, Agriculture, Financial Services, and Tourism

The Bank of Tanzania (BOT) recently released its Monetary Policy Report of April 2026, in which it indicates that the Monetary Policy Committee (MPC) decided to keep the Central Bank Rate (CBR) at 5.75% in Q2 2026. The decision reflects a cautious policy stance aimed at balancing the risks to inflation and economic growth outlook, in the face of the current unprecedented geopolitical tensions in the Middle East.
Tanzania banking sector performance Q1 2026
Read More

Tanzania Banking Sector Q1 2026 Performance: Net Profit Up 16% to TZS 671 Billion, Top Five Banks Hold 60–65% of Assets

Tanzania's banking sector recorded net profit after tax of TZS 671 billion in Q1 2026, up 16% from TZS 580 billion in Q1 2025, on total assets of TZS 84.6 trillion, according to AML Finance Limited. CRDB profit rose 19% to TZS 206 billion and NMB reached TZS 193 billion, while the top 5 banks now hold 60–65% of total sector assets, with average ROE at 10.6% and NPL at 6.5%.