Stanbic Bank Tanzania Sponsor Financial Women Awards
October 14, 2020
1 minute read
Stanbic Bank’s Chief Executive (CEO), Kevin Wingfield in a group photo with the Stanbic Bank staff during the Financial Women Forum held in Mlimani City, Dar es Salaam, recently. Stanbic Bank Tanzania was among the sponsors of the Financial Women Awards held to recognise the women’s contribution to the financial sector. Second left is Stanbic Bank Head of Marketing Desideria Mwegelo.
Stanbic Bank Tanzania was among the sponsors of the Financial Women Awards held recently in Dar es Salaam to recognise women’s contribution to the financial sector.
Stanbic Bank’s Chief Executive (CEO), Kevin Wingfield giving a speech during the Financial Women Forum held in Mlimani City, Dar es Salaam.
Tanzania and Rwanda have begun linking their national payment systems, Tanzania’s Instant Payment System (TIPS) and Rwanda’s National Payment Switch (RSwitch), to enable instant, low-cost cross-border transfers. The initiative, supported by the EAC and World Bank through the Eastern Africa Regional Digital Integration Project (EARDIP), advances regional financial integration and real-time payment connectivity in East Africa.
CRDB Bank has signed over TZS 300 billion in partnerships with FinDev Canada, DEG, and Shelter Afrique Development Bank to expand lending to small and medium enterprises, particularly those led by women and focused on climate-resilient projects. The partnerships also include financing through CRDB’s subsidiary in the Democratic Republic of Congo to support affordable housing, advancing financial inclusion and sustainable development across Africa.
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.
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