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Issn 0856 – 8537 Directorate of Banking
ISSN 0856 – 8537 DIRECTORATE OF BANKING SUPERVISION ANNUAL REPORT 2017 21ST EDITION For any enquiries contact: Directorate of Banking Supervision Bank of Tanzania 2 Mirambo Street 11884 Dar Es Salaam TANZANIA Tel: +255 22 223 5482/3 Fax: +255 22 223 4194 Website: www.bot.go.tz TABLE OF CONTENTS ....................................................................................................... Page LIST OF CHARTS ........................................................................................................................... iv ABBREVIATIONS AND ACRONYMS ............................................................................................ v MESSAGE FROM THE GOVERNOR ........................................................................................... vi FOREWORD BY THE DIRECTOR OF BANKING SUPERVISION .............................................. vii CHAPTER ONE .............................................................................................................................. 1 OVERVIEW OF THE BANKING SECTOR .................................................................................... 1 1.1 Banking Institutions ................................................................................................................. 1 1.2 Branch Network ....................................................................................................................... 1 1.3 Agent Banking ........................................................................................................................ -
The United Republic of Tanzania the Economic Survey
THE UNITED REPUBLIC OF TANZANIA THE ECONOMIC SURVEY 2017 Produced by: Ministry of Finance and Planning DODOMA-TANZANIA July, 2018 Table of Contents ABBREVIATIONS AND ACRONYMS ......................................... xiii- xvii CHAPTER 1 ................................................................................................. 1 THE DOMESTIC ECONOMY .................................................................... 1 GDP Growth ............................................................................................. 1 Price Trends .............................................................................................. 7 Capital Formation ................................................................................... 35 CHAPTER 2 ............................................................................................... 37 MONEY AND FINANCIAL INSTITUTIONS ......................................... 37 Money Supply ......................................................................................... 37 The Trend of Credit to Central Government and Private Sector ............ 37 Banking Services .................................................................................... 38 Capital Markets and Securities Development ......................................... 37 Social Security Regulatory Authority (SSRA) ....................................... 39 National Social Security Fund (NSSF) ................................................... 40 GEPF Retirement Benefits Fund ........................................................... -
CRDB BANK PLC the Bank That Listens
CRDB BANK PLC The Bank that Listens Investor Briefing 1st Quarter 2017 1 Operating Environment - 2017 • During the year, the global economy faced numerous challenges with decline in commodity prices, appreciation of the US dollar against major currencies and slow investment growth. • Overall economic performance in Tanzania continued to be strong with GDP growing at an estimated rate of 6.2%, inflation rate stabilizing at around 6.4%. • However, extended broad money supply (M3) grew by 1.2% showing low Liquidity in the economy. Banking Sector Landscape • Banking sector with Sixty (60) institutions and 732 Branches/outlets. • For the banking sector in particular, the operating environment as at March 2017 continued to be competitive with tight liquidity following government implementation of Treasury Single Account (TSA) and slow down in government spending affecting market deposit, lending growth and growing defaults by Business. 2 The strategic theme for year 2017 ‘THE YEAR OF CONSOLIDATION’ 1 • Alternative channels optimization to grow volume and value of transactions Sales • Retail loans growth • Retail Deposits growth • Diaspora and Premier Services 2 Operational • Transactions processing Automation Excellence • Enhance processing speed, reliability and uptime • Process optimization, simplification and standardization • Change management to increase productivity • Products and Services review for improvements • Centralized processing optimization 3 Network FahariHuduma, alternative channels and Service centers including M-Wallet Expansion 4 MFSC Transforming MFSC to a Bank, Insurance business new subsidiaries, Market survey - transformation for a new cross border subsidiary. and new Subsidiaries 3 Major Milestones in 2016 • The year 2016 marked the Bank’s 20th Anniversary. • The overriding theme for the year was ‘Consolidation to Achieve Operational Excellence’ which implied smarter growth for accelerated profitability. -
Annual Report and Financial Statements
2010/ ANNUAL REPORT AND FINANCIAL STATEMENTS 2010/2011 ANNUAL REPORT AND FINANCIAL STATEMENTS NATIONAL SOCIAL SECURITY FUND ANNUAL REPORT AND FINANCIAL STATEMENTS Nufaika na Mafao ya Muda Mrefu. Jiunge Nasi. Pensheni ya Uzeeni Pensheni ya Ulemavu Pensheni ya Urithi Pensheni ya Uzeeni Hulipwa mwanachama anapostaafu ikiwa: i) Ametimiza umri wa kustaafu ii) Amechangia angalau miezi 180 Pensheni ya Ulemavu Mwanachama ambaye itathibitika kwamba amelemaa kimwili au kiakili na kushindwa kuendelea na kazi atalipwa pensheni ikiwa: i) Awe amechangangia angalau miezi 180 au ii) Awe amechangia angalau miezi 36 na katika michango hiyo miezi 12 iwe imechangiwa mara tu kabla ya ulemavu Pensheni ya Urithi Hulipwa kwa wategemezi wa mwanachama aliyefariki ambao ni mke/mume na watoto wasiozidi wanne wa chini ya umri wa miaka 18 au 21 ikiwa wapo masomoni. Iwapo hawa hawapo basi mafao yatalipwa kwa wazazi wa mwanachama aliefariki. Kama wote hawapo atalipwa ndugu wa karibu kwa mujibu wa sheria ya mirathi. Tunajenga Maisha Yako ya Sasa na Baadae Table of Contents Transmission Letter 3 Board Chairman’s Statement 4 Pictures of Trustees 6 Director General’s Report 7 1.0 Introduction 7 2.0 Membership 7 3.0 Contribution Collections 9 4.0 Benefit Payments 10 5.0 Investments 11 i) Investment Portfolio 11 ii) Projects 14 6.0 Investment Income 15 7.0 Human Resources and Labour Relations 17 8.0 Public, Corporate and Public Relations 17 9.0 Stakeholders Forum 18 10.0 Regional and International Relations 19 11.0 Exhibitions and Trade Fairs 19 12.0 Sports 20 13.0 Achievements 20 14.0 Challenges 20 15.0 Concluding Remarks 21 Pictures of Directors 22 Pictures of Chief Regional Managers 23 Pictures of Regional Managers 24 Pictures of Managers 25 Names of District Fund Officers 26 Audited Accounts 27 NATIONALNATIONAL SSOCIALO SECURITY FUND ANNUALANNU REPORTCIAL AND SECURI 1 AL REPORT AND TY FUND FINANCIALFINANCIAL SSTATEMENTST ATEMENTS Transmission Letter NATIONAL SOCIAL SECURITY FUND Head Office: Benjamin W. -
Tanzania Mortgage Market Update – 30 June 2018
TANZANIA MORTGAGE MARKET UPDATE – 30 JUNE 2018. 1. Highlights: The mortgage market in Tanzania registered a marginal decline of 2.8 percent in the value of mortgage loans during the second quarter of 2018, compared to an decline of 1 percent recorded in the first quarter of 2018. The number of mortgage lenders remained the same as the first quarter i.e. 31 lenders. Outstanding mortgage debt as at 30 June 2018 stood at TZS 331.49 billion1 equivalent to US$ 145 million compared to TZS 340.92 billion as at 31 March 2018. Average mortgage debt size was TZS 81.62 million, which is equivalent to around US$ 35,704 (TZS 81 million as at 31 March 2018). The ratio of outstanding mortgage debt to Gross Domestic Product (GDP) stood at 0.32 percent (0.33 percent as at 31 March 2018). Mortgage debt advanced by top 5 lenders accounts for 59 percent of the total outstanding mortgage debt. Typical interest rates offered by mortgage lenders ranged between 15 -19 percent. The current real estate development projects that are under way, as well as those that are being developed, have created various opportunities for interested local and foreign investors. The Tanzanian housing sector’s fast-growing demand is mainly driven by the strong and sustained economic growth with GDP growth averaging 6-7 percent over the past decade (7 percent in year 2016), the fast-growing Tanzanian population which is estimated to be 55 million and is expected to more than double by 2050 and efforts by the Government in partnership with global non-profit institutions and foreign governments to meet the growing demand of affordable housing. -
OIBM's Efforts to Launch a Mobile Phone Banking Program
USAID Financial Services Implementation Grant Program Learning Network AUTHOR: Estelle Berger, Opportunity International EDITOR: Stephanie Chen, The SEEP Network CASE STUDY Expanding Outreach in Malawi: OIBM’s Efforts to Launch a Mobile Phone Banking Program Copyright © 2009 The SEEP Network and Opportunity International Sections of this publication may be copied or adapted to meet local needs without permission from The SEEP Network, provided that the parts copied are distributed for free or at cost—not for profit. Please credit the USAID Financial Services Implementation Grant Program Learning Network, facilitated by The SEEP Network, “Expanding Outreach in Malawi: OIBM’s Efforts to Launch a Mobile Phone Banking Program,” The SEEP Network, and Opportunity International for those sections excerpted. For any commercial reproduction, please obtain permission from The SEEP Network 1875 Connecticut Avenue NW, Suite 414 Washington, DC 20009-5721 Tel.: 202-534-1400 Fax: 202-534-1433 E-mail: [email protected] Web: www.seepnetwork.org Printed in the United States of America. To access this publication online, visit www.seepnetwork.org. This case study was made possible by the generous support of the American people through the United States Agency for International Development (USAID) under The Financial Services Implementation Grant Program and the IGP Learning Network funded through the FIELD Support mechanism. The contents are the responsibility of Opportunity International and The SEEP Network and do not necessarily reflect the views of USAID or the United States Government. This initiative is carried out as part of the AED FIELD Support mechanism. For more information, please visit www.microlinks.org/field. -
Q4 2016 Tanzania
Q4 2016 www.bmiresearch.com TANZANIA COMMERCIAL BANKING REPORT INCLUDES 5-YEAR FORECASTS TO 2020 Published by:BMI Research Tanzania Commercial Banking Report Q4 2016 INCLUDES 5-YEAR FORECASTS TO 2020 Part of BMI’s Industry Report & Forecasts Series Published by: BMI Research Copy deadline: September 2016 ISSN: 2053-3020 BMI Research © 2016 Business Monitor International Ltd 2 Broadgate Circle All rights reserved. London EC2M 2QS All information contained in this publication is United Kingdom copyrighted in the name of Business Monitor Tel: +44 (0) 20 7248 0468 International Ltd, and as such no part of this Fax: +44 (0) 20 7248 0467 publication may be reproduced, repackaged, Email: [email protected] redistributed, resold in whole or in any part, or used Web: http://www.bmiresearch.com in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International Ltd accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International Ltd makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. -
May 2014 in THIS ISSUE
May 2014 #access Why savings is key to the future of mobile money – Ignacio Mas Reeta Roy on building Africa from the base of the pyramid IN THIS ISSUE Innovation: the latest trends in mobile financial services Challenges in regulation – Bank of Tanzania Rural Banking Investment AB launches new Interest in African MFIs on agri-loan in Tanzania the rise IN PARTNERSHIP WITH This issue of #access was produced for the Partnership for Financial Inclusion, a joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance mobile financial services in Sub-Saharan Africa. The Partnership is also supported by the Bill & Melinda Gates Foundation and the Development Bank of Austria (OeEB, Oesterreichische Entwicklungsbank AG), and collaborates with knowledge partners such as the World Bank and the Consultative Group to Assist the Poor (CGAP). #access May 2014 IFC Sub-Saharan Africa 14 Fricker Road, Illovo, 2196 editorial Johannesburg, South Africa Tel: +27 11 738 3000 hese are exciting times in Africa. Not only is the continent enjoying strong economic growth, Editorial it is also an innovator in applying new technologies to increase access to financial services Greta Bull, Anna Koblanck Tfor large parts of the population. We’re not just talking about M-Pesa, Kenya’s world-famous mobile money provider. Look at Tanzania, for example. In just four years, the rate of formal financial Research & Editing inclusion has increased from 15.8 percent to 57.4 percent, primarily because of the implementation of Gcinisizwe Mdluli, Chloe Dugger, Lucille Gavera mobile financial services. Design & Layout Why is this important? Because it holds the promise of even better things to come. -
IFC Deal Query Based on IFC Investment Services Projects
IFC Deal Query Based on IFC Investment Services Projects Date Disclosed Project Name Project Number Product Line 07/23/2021 DCM UBP Social Bond 44900 Loan 07/07/2021 RATCH Loan 43901 Loan 07/01/2021 HDFC II 44139 Loan 06/30/2021 Erste_CRO_MREL 44745 Loan 06/30/2021 OCB green loan 43733 Loan 06/30/2021 Aspen Pharmacare 45174 Loan 06/29/2021 PSL - Ultratech 45146 Loan 06/28/2021 Banco BV SEF Credit Line 43661 Loan 06/24/2021 CTP Bond 44887 Loan 06/23/2021 WCS COVID NMBTZ 44080 Loan 06/22/2021 NSG RSE FACILITY 45366 Loan 06/15/2021 Axian Togo 44666 Loan Page 1 of 1315 09/29/2021 IFC Deal Query Based on IFC Investment Services Projects Company Name Country Sector UNION BANK OF THE Philippines Financial Institutions PHILIPPINES RH INTERNATIONAL Thailand Infrastructure (SINGAPORE) CORPORATION PTE. LTD. HOUSING DEVELOPMENT India Financial Institutions FINANCE CORPORATION LIMITED ERSTE & Croatia Financial Institutions STEIERMARKISCHE BANK D. D. ORIENT COMMERCIAL Vietnam Financial Institutions JOINT STOCK BANK ASPEN FINANCE South Africa other PROPRIETARY LIMITED PRECIOUS SHIPPING Thailand Infrastructure PUBLIC COMPANY LIMITED BANCO VOTORANTIM S.A. Brazil Financial Institutions CTP N.V. Central Europe Region other NMB BANK PLC Tanzania Financial Institutions NSG UK ENTERPRISES Argentina Manufacturing LIMITED LA SOCIETE HOLDING Togo Telecommunications, Media, and Technology Page 2 of 1315 09/29/2021 IFC Deal Query Based on IFC Investment Services Projects Environmental Category Department Status FI-2 Regional Industry - FIG Asia & Pac Active B Regional -
European Investment in Tanzania: How European Investment Contributes to Industrialisation and Development in Tanzania
EU market study:EU market study 17/10/2016 11:54 Page 1 European Investment in Tanzania: How European investment contributes to industrialisation and development in Tanzania Funded by the European Union EU market study:EU market study 17/10/2016 11:54 Page 2 European Investment in Tanzania: How European investment contributes to industrialisation and development in Tanzania Funded by the European Commission Written by Ashley Elliot © European Commission, Dar es Salaam, 2016 The content of this publication does not reflect the official opinion of the European Commission. Responsibility for the information and views expressed in the publication lies entirely with the author. "EU" refers to the European Union, and "EU+SN" to the members of the European Union and the Economic Free Trade Area (EFTA), unless otherwise indicated. For further inquiries or clarifications please contact [email protected]. A project implemented by consortium led by POHL CONSULTING & ASSOCIATES GMBH EU market study:EU market study 17/10/2016 11:54 Page 3 European Investment in Tanzania: How European investment contributes to industrialisation and development in Tanzania Funded by the European Union EU market study:EU market study 17/10/2016 11:55 Page 4 European Investment in Tanzania: How European investment contributes to industrialisation and development in Tanzania Foreword by Ambassador Roeland van de Geer, Head of the Delegation of the European Union to Tanzania and the East African Community As the Government of Tanzania and international partners join forces to lift millions of Tanzanians out of poverty, the role of trade and investment in the fight against poverty is increasingly recognised. -
Annualreport 2016
2016 annualreport & Financial Statements Dar es Salaam Stock Exchange Plc Annual Report and Financial Statements 2016 3 ABBREVIATION USED IN THESE FINANCIAL STATEMENTS ARC Administration, Risk Management and Compliance Committee ASEA African Securities Exchange Association ATS Automatic Trading System BoT Bank of Tanzania CSD Central Securities Deposits CMSA Capital Market and Securities Authority COSSE Committee of SADC Stock Exchanges CRS Index Corporate Social Responsibility Index DATS DSE Automated Trading System DRS Disaster Recovery Site DSE/Exchange Dar es Salaam Stock Exchange Plc EAC East African Community EASEA East African Securities Exchange Association EDMS Electronic Document Management System EGM Enterprise Growth Market ETF Exchange Traded Fund FSDT Financial Sector Deepening Trust GDP Gross Domestic Product IPO Initial Public Offering ISIN International Securities Identification Number KQ Kenya Airways LDM Licenced Dealing Member LGA Local Government Authorities MoF Ministry of Finance NBS National Bureau of Statistics NDC National Demutualization Committee NOMADS Nominated Advisors PAL Presicion Air Services Ltd PPF Parastatal Pensions Fund PSPF Public Sector Pension Fund PSCP Private Sector Competitive Programme PTA Preferential Trade Area Bank PTP Primary Markets, Trading and Programs Steering Committee REIT Real Estate Investment Trust SADC Southern African Development Commission SIC Scholar Investment Challenge SITI Securities Industry Training Institute SRO Self Regulatory Organisation TBL Tanzania Breweries Ltd WAN Wide Area Network WEF World Federation of Exchanges Dar es Salaam Stock Exchange Plc 4 Annual Report and Financial Statements 2016 COMPANY INFORMATION PRINCIPAL PLACE OF BUSINESS Dar es Salaam Stock Exchange Plc 14th Floor, Golden Jubilee Towers, Ohio Street P.O. Box 70081 Dar es Salaam BANKERS Akiba Commercial Bank PLC CRDB Bank PLC Main Branch Tower Branch Amani Place, Ohio Street PPF Tower, Ohio Street P.O. -
Tanzania Mortgage Market Update – 31 March 2016
TANZANIA MORTGAGE MARKET UPDATE – 31 MARCH 2016. 1. Highlights: The mortgage market registered a slightly higher growth rate of 4.2 percent during the first quarter of year 2016 compared to a growth rate of only 1 percent recorded in Q4 2015. 27 lenders were offering mortgage product as at 31st March 2016 compared to 26 lenders as at 31st December 2015, with Standard Chartered Bank being the new entrant in the mortgage market in Q1 2016. Outstanding mortgage debt as at 31 March 2016 stood at TZS 374.5 billion equivalent to US$ 171 million1 (TZS 359 billion as at 31 December 2015). Average mortgage debt size was TZS 92 million equivalent to around US$ 42,069.24 (US$ 48,417.16 as at 31 December 2015) The ratio of outstanding mortgage debt to Gross Domestic Product (GDP) stood at 0.46 percent (0.45 percent as at 31 December 2015). Mortgage debt advanced by top 5 lenders accounts for 70 percent of the total outstanding mortgage debt. High interest rates and lack of affordable housing remain the major constraints on market growth. Mortgage debt advanced by Tanzania Mortgage Refinance Company (TMRC) to mortgage lenders accounted for 12 percent of the market’s outstanding mortgage debt. 2. Mortgage Market Growth: The mortgage market in Tanzania has been growing steadily as the pace of housing investment picks up. As at 31st March 2016 total lending by banking sector for the purposes of residential housing was TZS 374.5 billion, which is equivalent to US$ 171 million. This represents growth of 4.2 percent from total mortgage lending as at 31st December 2015 (34% annual growth rate through March 2015 - March 2016).