WELCOME TO TANZANIA BANKERS ASSOCIATION
Welcome to the official website of the Tanzania Bankers Association (TBA), the foremost representative body for banking institutions across our nation. Here, you will find a comprehensive resource hub dedicated to the vibrant landscape of Tanzanian banking. With a steadfast commitment to excellence, innovation, and unwavering integrity, TBA serves as the cornerstone of our financial sector.
WORD FROM THE CHAIRMAN
As economies around the world begin to recover from the adverse effects of the COVID-19 pandemic, financial service providers are fast adapting to changes in consumer behavior and a rapidly evolving regulatory environment.
Tanzania’s financial services sector continues to play a pivotal role in this recovery process and is at the forefront of championing solutions that address the challenges in the marketplace.
The government’s decision not to impose lockdowns on economic activities during the height of the pandemic has added impetus to the growth, even with a reduction in international trade. Bank of Tanzania (BoT) projects a slowdown in economic growth to 5.5% in 2020 down from 7.0% in 2019. The growth will be mainly driven by the Agriculture sector, due to favorable weather and, supported by increased public investments and an accommodative monetary policy.
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