Events/ News

Date: 13th December 2006

UmojaSwitch signs a fund transfer contract

Date: 5th December 2006

TBA 10th Annual General Meeting

Date: 20th April 2006

TBA Public Lecture held on 20th April 2006

Date: 7th December 2005

Mayank Malik Re-elected

as Chairman of the Tanzania

 Bankers Association (TBA)

Date: 15th July 2005

Fighting Frauds and Forgeries Workshop


Date: 08th March 2005

TBA Conference held on

08th March 2005

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UmojaSwitch Consortium Signs a contract of Funds Transfer Agreement with Business Connexion.

The UmojaSwitch, a Consortium of six banks namely Azania, Akiba, Eurafrican,   Dar Es Salaam community, Twiga Bancorp and Tanzania            Investment Bank, on 13th December 2006, signed a contract for Fund Transfer Agreement with Business Connexion to set into motion the shared card payment switching infrastructure in Tanzania.

The event which was held recently at the Kilimanjaro Kempinski Hotel, Dar es Salaam was graced by the Deputy Minister for Finance Hon. Abdisalaam Issa Khatibu(MP) who commended the UmojaSwitch members for pioneering the start of the first switching infrastructure in the country of its magnitude in terms of the number of participating banks, the number of ATMs to be installed over a span of five years and the envisaged outreach of the infrastructure.


Read the Deputy Minister's speech

Read the UmojaSwitch Chairman's speech

Picture gallery of the signing ceremony

10th Annual General Meeting

The Tanzania Bankers Association (TBA) on 5th December 2006 held its 10th Annual General Meeting at the Kilimanjaro Kempinski Hotel,              Dar es Salaam. The Association’s membership has grown from 7 founding    members in 1995 to 27 members todate.

Closing the Association’s 10th Annual General Meeting, the Chairman, Mr. Mayank Malik thanked all members for their full involvement in the affairs of the Association in the previous years and expressed hope that this positive trend would continue in the coming years for the benefit of the entire banking industry. 

       Visit TBA photos at the 10th Annual General Meeting.


TBA Public Lecture Held on 20th April 2006. Theme: "The Role of Courts in Supporting Financial Sector Reforms in Tanzania"

Tanzania Bankers Association (TBA) in line with the Association's Public Relations Activity plan, held its first and successful Public Lecture event on 20th April 2006 at the Kilimanjaro Kempinski Hotel, Dar es Salaam whereby Justice Dr. S. J. Bwana, Judge Incharge, High Court of Tanzania, Commercial Division, presented a paper on “The Role of Courts in Supporting  Financial Sector Reforms in Tanzania”.

The event was graced by the Deputy Minister for Finance, Hon.  Abdisalaam I. Khatib. A total of 110 participants from Government, the Financial Sector, Representatives from IMF and World Bank and the Business Community attended.

The new confederacy of minds between bankers and lawyers has expressed concern that excessive litigation and delays occasioned by courts are a stumbling block impinging on the existence of a healthy banking industry in Tanzania. The Chairman of the Tanzania Bankers Association (TBA), Mr. Mayank Malik told a public lecture in Dar es Salaam that courts had their share of blame when it came to dealing with loan defaulters. ‘Injunctions, for example have made banks incur unnecessary expenses in addition to loss of income and disrupted cash flows due to delayed payments’, said.

Address by the Guest of Honour, Hon. Abdisalaam I. Khatib

Paper Presented by Dr. Steven J. Bwana

Mayank Malik Re-elected as Chairman of the Tanzania Bankers Association (TBA)

The Tanzania Bankers Association (TBA) elected its office bearers at the 9th Annual General meeting of the Association held on December 7th, 2005. The members unanimously re-elected Mr. Mayank Malik, Managing Director & CEO of Citibank Tanzania Limited as the  Chairman and Mr. Charles Singili, CEO of Azania Bancorp Limited as the Vice Chairman of the Association for the period 2006 - 2007. Mr. Iddi Msonga was elected as the Honorary Treasurer for this period and Mr. Pascal Kamuzora continues in his full time capacity as the Executive Director of the TBA.

The Tanzania Bankers Association (TBA) is the official industry association of all banks and financial institutions, local and foreign, licensed to carry out banking and financial services business in Tanzania. The Association currently has 27 members.

The Association, founded in 1995 and registered under the Societies Ordinance Cap. 337 of 1954, has as its objects, facilitation of matters affecting the provision of all banking services in the country, developing and maintaining a code of ethics, rules and regulations governing members in banking transactions/dealings with customers and amongst themselves, ensuring members conduct their business in accordance with governing laws, ethics and internationally accepted standards, promoting training of staff and working closely with the Bank of Tanzania as well as the Government in the promotion of the banking sector as an integral part of the economic development of the country.

Fighting Frauds and Forgeries

As part of strategies to fight bank frauds and forgeries, TBA in collaboration with Barclays Bank Tanzania held a half day workshop on preventing and detecting bank frauds and forgeries. This workshop, which was facilitated by security and investigation experts from Barclays South Africa Ms. Gill Smith and Mr. Derick de Beer, was attended by 25 participants from member banks and officials from the Bank of Tanzania.

The main emphasis was on ‘proper communication and the need for banks to work together as a team to combat fraud’. Banks were advised to develop a fraud prevention strategy which should encompass; code of conduct, fraud prevention policy, as well as developing a well articulated fraud response plan. Banks were further advised to adopt a “Zero fraud tolerance policy” as evidence of commitment to fight against frauds.

TBA Vice Chairman and CEO of Azania Bancorp Limited, Mr. Charles G. Singili officiated the workshop. Below are his opening remarks:

TBA Vice Chairman’s Opening remarks.

TBA Conference held on 08th March 2005: Theme:"The Role of Banks in Facilitating Economic growth in Tanzania"

The Tanzania Bankers Association held its first and successful Conference on 8th March 2005 at the Golden Tulip  Dar es Salaam. This Conference was opened by The Minister for Finance Hon. Basil P. Mramba who challenged banks to increase their lending to various sectors of the economy including informal sector.

The Conference was attended by representatives from the Government, Financial Sector, Business Sector, Private Sector, NGOs and Law firms.

The following five papers were presented and discussed at the Conference:

  • An Overview of Banks’ Pricing Mechanism on Deposits and Loans.

  • The Role of Courts in Facilitating Loan Recovery: Tanzania Experience.

  • The Land Reform in Tanzania: Opportunities for Agricultural and Mortgage Finance.

  • Microfinance in Tanzania: Practical Experience; and

  • Private Sector Perspective on the Role of Banks in Tanzania.

For more information, please follow the links:

Read Finance Minister's Statement

Read TBA Chairman's Speech

An Overview of Banks’ Pricing Mechanism on Deposits and Loans.

The Role of Courts in Facilitating Loan Recovery.

The Land Reform in Tanzania: Opportunities for Agricultural and Mortgage Finance.

Microfinance in Tanzania: Practical Experience

Visit TBA Conference picture gallery


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