The Latest

New Loan Scheme Without Collateral Available To Tanzania Government Employees

June 22, 2015
1 minute read

Tanzanian consumer financial services provider Letshego Tanzania Limited, trading as Faidika, has launched a new executive loan scheme to provide up to TZS 30 million in unsecured credit to government employees.

Ms. Marion Moore, Chief Executive Officer of Faidika told in a news conference in Dar Es Salaam that the Executive Loan product is to facilitate the disbursement of loans to government employees of Tanzania from TZS 10 million up to TZS 30 million and repayment between six to sixty months.

Ms. Moore also indicated that the loan is processed within 48 hours without producing any security.

Tanzania Investment Guide 2026 Free Edition

Letshego Tanzania is 85% owned by Letshego Holdings Botswana Limited is incorporated in Botswana and listed on the Botswana Stock Exchange.

Want to know more about Finance in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Finance, 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
Tanzania Anthony Mavunde Kitila Mkumbo Small-Scale Miners Recommendations Report
Read More

Tanzania Plans Mining Fund and Credit Guarantees to Support Small-Scale Miners

The Government of Tanzania has received recommendations aimed at strengthening the small-scale mining sector through improved access to finance, technology, and geological information. The proposals include establishing a mining fund, expanding credit guarantees, and supporting mineral research to increase employment, reduce poverty, and boost economic growth.
Bank of Tanzania National Payment Systems Annual Report 2025
Read More

Tanzania Digital Credit Grows 32%, Digital Savings Value Triples, Mobile Money Transactions Near USD 100 Billion in 2025

Tanzania's digital credit value grew 32.29% to TZS 5,577.73 billion across 336.52 million transactions in 2025, while digital savings value tripled (up 263%) to TZS 3,181.24 billion, and volume rose 110% to 97.53 million transactions. Active mobile money users rose 19.89% to 75.78 million, and mobile payment value grew 28.30% to TZS 255,133.96 billion, driven by alternative credit scoring models that extend financing to MSMEs and smallholder farmers without traditional collateral.
Tanzania Dar es Salaam Business Center
Read More

Tanzania to Establish International Financial Centre in Dar es Salaam to Attract Global Capital

Tanzania's National Business Council has agreed to establish an International Financial Centre in Dar es Salaam, with Bank of Tanzania Governor Emmanuel Tutuba confirming the country meets prerequisites including political stability and a mature banking sector. The centre will operate under a dedicated legal framework yet to be enacted, targeting domestic and foreign investors seeking easier access to capital for large development projects.

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