Wednesday, September 13, 2017

BancABC launches Jiongeze Account aimed at attracting customers of all walks of life.

BancABC Head of Retail and Business Banking Joyce Malai (right) address the media yesterday in Dar es Salaam during an event to launch the bank’s new account – Jiongeze Current Account without any monthly maintenance fee deductions for a period of one year. She is flanked by the bank’s Marketing Manager Upendo Nkini (left).

BancABC Head of Retail and Business Banking Joyce Malai (right) and the banks Marketing Manager Upendo Nkini displayed a Jiongeze Current Account placard after the launch of the new account which will be operated without any monthly maintenance fee deductions for a period of one year

Dar es Salaam Tanzania,  BancABC has continued to become dominant in innovation, design and improvement of various banking services in the county which are aimed at enabling more clients  find relief and ease access to banking services and solutions in Tanzania.
With that effect, BancABC has launched yet another innovative new account calledJiongeze current account which is geared up to make maintenance of an operational current account most affordable in the country.
Jiongeze Current account allows customer to be able to open and run their business, salary accounts and daily operational current accounts without any monthly maintenance fee deductions for a period of one whole year hence giving our customers an opportunity to transact more freely through BancABC.
 Among other benefits that the customer with Jiongeze current account will have are access to check balance anywhere, to deposit and withdraw money through over 50 agency banking Wakalas in Dar –es- salaam.
With Jiongeze current account, BancABC customers can access their account conveniently through our Silver Visa card that can be accessed through any Visa ATM, Internet banking, Mobile banking and BancABC APP, in addition to over 50 agency banking wakalas in Dar- es-salaam, said the bank’s Head of Retail & Business Banking Ms. Joyce Malai.
Having been named the Best Emerging Bank in the country this year, BancABC continues to demonstrate its commitment through launching innovative and affordable product propositions , fulfilling a key role in empowering local communities, especially in those previously unbanked communities and districts, Malai added.
Our innovations and services are what make BancABC different with other financial institutions in Tanzania. “We are committed to sustaining and enhancing our branch network in order to provide access to citizens in all areas of Tanzania, including the most remote ones,” said the banks Head of Marketing Ms Upendo Nkini adding that this is an opportunity for Tanzanians to own bank account at the most affordable charges and also access the many other banking services for stress free transactions.
BancABC invites all SME’s, salary account holders and all in need of a current account at the most affordable charges to rush and open an account today as this offer is limited for a period of only two months, she added.
BancABC  which is part of Atlas Mara which was named in the 2017 Banker Africa, Southern Africa Awards as the Best Emerging Bank – Southern Africa. BancABC is expecting to open two new branches  in Dodoma and Mwanza before the end of this year.


Tuesday, September 12, 2017

More micro-enterprises benefit from Airtel Timiza

Managing Director Mr. Sunil Colaso

•  80% of Airtel Money customers access formal loans     
•   50% of Tanzanians now access formal financial services via mobile phones            
DAR ES SALAAM, 11 September 2017 – Airtel Money has announced that more than 80 % of its customers can now access formal loans through Airtel Timiza, a micro loans service.
Speaking in Dar es Salaam, the Airtel Tanzania Managing Director Sunil Colaso said the service, which was launched in November 2014 is currently disbursing more than 10,000 loans per day across the country.
According to the Managing Director Mr. Sunil Colaso, 80% of Airtel Money customers today had never accessed a formal loan before; a strong indicator of how Tanzanians are being rapidly included through the digital financial ecosystem.
“A recent study found that working capital and other asset building strategies was the fastest growing use of the loans amongst 25% of the customer base. It is encouraging to see the positive way in which our customers use the financial tools available to them through Airtel Money,” said Colaso.
He said Airtel Money was committed to increasing access to next generation products which help people manage and grow their small businesses. “Micro-enterprises are the backbone of Tanzania’s economy and empowerment for this segment is important,” he said.
He said before Airtel Timiza, most Tanzanians only option to obtain credit was through informal agreements with friends and family, or through even riskier channels; an undesirable option with potentially high costs and no protection.
“Today, Airtel Timiza is providing access to credit through secure mobile wallets. Micro-business owners benefit because they don’t need a bank account or collateral to access the service.
He went on to say that currently, 50 % of Tanzanians can now access formal financial services through their mobile phones, which is quite encouraging.
Grace, a linen supplier from Dar es Salaam said she could now met her customers’ demands as Airtel Timiza has enabled her to do more purchases of bed sheets and she repays the loan after selling.
“Previously I used to get problems in making huge orders due to cash flow issues but Airtel Timiza has helped me a lot as I can make more orders and pay later after selling. This has helped my business to grow and I am able to contribute towards building our home in Dar es Salaam,” she says.  
Airtel Money works with JUMO, a predictive technology company, to ensure Airtel Timiza offers customers the most fitted financial products for their needs. JUMO assesses Airtel mobile wallet and phone usage to determine suitability for a loan, and identify the best products and terms for customers.
In addition to driving financial inclusion in Tanzania, Airtel Money has prioritized the development of a healthy and sustainable financial culture as more people are included by structuring terms and loan amounts to support customer needs, growing the Wakala network and optimizing the customer journey.
As of December 2016, there are ¬¬¬18 million registered mobile money accounts in Tanzania (TCRA Quarterly Communications Statistics Report, December 2016). In Sub-Saharan Africa, there are 277 million registered mobile money accounts which are more than the total number of bank accounts in the region as reported by the GSMA.


Monday, September 11, 2017


Dear Colleague,

APO Group is looking for talented Public Relations consultants or Journalist-Consultants based in Tanzania (Dar es Salaam, Arusha and Zanzibar).

Please submit your application ONLINE:

Deadline for applications: Saturday, September 16 at 12:00 GMT.

Due to the large number of applications, only selected candidates will be notified for interview.

No phone calls or emails, please,

Aïssatou Diallo
Project Manager
@: |



Friday, September 8, 2017

Acting U.S. Ambassador to Tanzania's statement on the shooting of Tundu Lissu (MP)

The United States is deeply saddened by the shooting of Tundu Lissu, Member of Parliament and President of the Tanganyika Law Society. We condemn this senseless act of violence and join Tanzanians in expressing our sincere hopes for his full and speedy recovery.