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Tanzania Investment Bank
TIB Development Bank, formerly known as Tanzania Investment Bank (TIB), is a government-owned development bank in Tanzania. The bank is the first development finance institution established by the Government of Tanzania. The activities of TIB are supervised by the Bank of Tanzania, the central bank and national banking regulator. TIB is registered as a ''Registered Financial Institution''. History The bank was established by Act of Parliament in 1970. At that time, the main objective of TIB was to provide "medium and long-term loans to investors in commercial agriculture, manufacturing, processing, construction, transport, tourism and mining sectors". However, due to economic hardships, including a war with Idi Amin of neighboring Uganda and foreign currency exchange fluctuations within the Tanzanian economy, the bank became unable to service its financial obligations. To mitigate financial losses, TIB resorted to making short-term loans and to function like a commercial bank. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parastatal
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanzanian Shilling
The shilling ( Swahili: ''shilingi''; abbreviation: TSh; code: TZS) is the currency of Tanzania. It is subdivided into 100 ''cents'' (''senti'' in Swahili). The Tanzanian shilling replaced the East African shilling on 14 June 1966 at par. Notation Prices in the Tanzanian shilling are written in the form of , where x is the amount above 1 shilling, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "" and 100 shillings as "" or "100/-". Sometimes the abbreviation ''TSh'' is prefixed for distinction. If the amount is written using words as well as numerals, only the prefix is used (e.g. TSh 10 million). This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in shillings and pence. Coins In 1966, coins were introduced in d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Tanzania
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Finance Institution
A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitments (as loans, equity, guarantees and debt securities) of the major regional, multilateral and bilateral DFIs totaled US$45 billion (US$21.3 billion of which went to support the private sector). Mandate DFIs can play a crucial role in financing private and public sector investments in developing countries, in the form of higher risk loans, equity positions, and guarantees.Dirk Willem te Velde and Michael Warner (2007Use of subsidies by Development Finance Institutions in the infrastructure sector Overseas Development Institute DFIs often provide finance to the private sector for investments that promote development and to help companies to invest, especially in countries with various restrictions on the market. Some development banks i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Tanzania
The economy of Tanzania is a lower-middle income economy that is overwhelmingly dependent on agriculture. Tanzania's economy has been transitioning from a command economy to a market economy since 1985. Although total GDP has increased since these reforms began, GDP per capita dropped sharply at first, and only exceeded the pre-transition figure in around 2007. Following the rebasing of the economy in 2014, the GDP increased by a third to $41.33 billion. In 2020, the real GDP of Tanzania grew by 4.8% reaching US$64.4 billion versus US$60.8 billion in 2019. This growth made it the 2nd largest economy in East Africa after Kenya, and the 7th largest in Sub-Saharan Africa. It has sustained relatively high economic growth compared to global trends, as is characteristic of African nations. It is worth noting that according to World Bank data, the last 5 years have seen the slowest growth since 2000. The medium-term outlook is so far positive, with growth projected at 6 percent in 202 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Tanzania
This is a list of banks in Tanzania whether licensed commercial banks, community banks, microfinance banks, mortgage banks or development banks. Commercial banks # Absa Bank Tanzania # AccessBank Tanzania # Akiba Commercial Bank # Amana Bank # Azania Bank # Bank of Africa Tanzania Limited # Bank of Baroda Tanzania Limited # Bank of India (Tanzania) # Canara Bank Tanzania Limited # China Dasheng Bank Limited # Citibank Tanzania # CRDB Bank # DCB Commercial Bank # Diamond Trust Bank Tanzania # Ecobank Tanzania # Equity Bank (Tanzania) # Exim Bank (Tanzania) # Guaranty Trust Bank (Tanzania) Limited Habib African Bank# I&M Bank (Tanzania) # International Commercial Bank Tanzania # KCB Bank Tanzania # Letshego Bank Tanzania # Mkombozi Commercial Bank # Mwalimu Commercial Bank # National Bank of Commerce (Tanzania) # National Microfinance Bank # NCBA Bank Tanzania # People's Bank of Zanzibar # Stanbic Bank Tanzania Limited # Standard Chartered Bank Tanzania # Ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Africa
This is a list of banks in Africa, arranged by country. Algeria Central bank * Bank of Algeria Commercial public banks * Algérie Poste * Banque Capitale Du Benin Commercial private banks * Arab Bank * Arab Banking Corporation * Banque Capitale Du Benin * BNP Paribas * Calyon * Citibank * HSBC * Natixis * Société Générale Angola Central bank * Central Bank of Angola Commercial banks and other financial institutions * Banco Africano de Investimentos * Banco de Desenvolvimento de Angola * Banco de Poupança e Crédito * Banco do Brasil * Banco do Comércio e Indústria * Banco Espírito Santo Angola Benin Central bank * Central Bank of West African States Banks and other financial institutions * African Investment Bank * Bank of Africa Bénin * Banque Atlantique * Banque Internationale du Bénin * Banque Sahélo-Saharienne pour l'Investissement et le Commerce * BGFIBank Group * Diamond Bank * Ecobank * Financial Bank Bénin * Société Générale * United Bank f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zanzibar City
Zanzibar City or Mjini District, often simply referred to as Zanzibar (''Wilaya ya Zanzibar Mjini'' or ''Jiji la Zanzibar'' in Swahili language, Swahili) is one of two administrative districts of Mjini Magharibi Region in Tanzania. The district covers an area of . The district is comparable in size to the land area of Nauru. The district has a water border to the west by the Indian Ocean. The district is bordered to the east by Magharibi District. The district seat is located in Stone Town, Stonetown. The city is largest city on the island of Zanzibar. It is located on the west coast of Unguja, the main island of the Zanzibar Archipelago, north of the much larger city of Dar es Salaam across the Zanzibar Channel. The city also serves as the capital of the Mjini Magharibi Region, Zanzibar Urban/West Region. In 2012 its population was 223,033. Zanzibar City comprises two main parts, Stone Town and Ng'ambo (literally: "The Other Side"); the two areas are historically divided by a stre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dodoma
Dodoma ( in Gogo), officially Dodoma City, is the national capital of Tanzania and the capital of the Dodoma Region, with a population of 410,956. In 1974, the Tanzanian government announced that the capital would be moved to Dodoma for social and economic reasons and to centralise the capital within the country. It became the official capital in 1996. Much of the initial design did not come to fruition for a long time. As a result, Dar es Salaam remains the commercial capital of Tanzania and still retains the state house Ikulu, and a large number of government functions. Geography Located in the centre of the country, the town is west of the former capital at Dar es Salaam and south of Arusha, the headquarters of the East African Community. It is north of Iringa through Mtera. It is also west of Morogoro. It covers an area of of which is urbanized. History Originally a small market town known as Idodomya, the modern Dodoma was founded in 1907 by German colonists during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mbeya
Mbeya is a city located in south west Tanzania, Africa. Mbeya's urban population is 620,000 according to the 2022 census. Mbeya is the capital of the surrounding rural Mbeya region (population, with Mbeya, totals approx. 2 million). Mbeya is situated at an altitude of 1,700 metres (5,500 ft), and sprawls through a narrow highland valley surrounded by a bowl of high mountains. The main language is colloquial Swahili, and the English language is extensively taught in schools. History Following the 1906 gold rush, Mbeya was founded as a gold mining town in the 1920s. The TAZARA railway later attracting farming migrants and small entrepreneurs to the area. Mbeya and its district were administered by the British until 1961. Mbeya Region was created in 1961. Mbeya City is now a growing metropolis and business centre for the southern regions and the neighbouring countries of Malawi, Zambia and Congo. The city is well connected with an all-weather road that forms part of the "Grea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arusha
Arusha City is a Tanzanian city and the regional capital of the Arusha Region, with a population of 416,442 plus 323,198 in the surrounding Arusha District Council (2012 census). Located below Mount Meru on the eastern edge of the eastern branch of the Great Rift Valley, Arusha City has a temperate climate. The city is close to the Serengeti National Park, the Ngorongoro Conservation Area, Lake Manyara National Park, Olduvai Gorge, Tarangire National Park, Mount Kilimanjaro, and Mount Meru in the Arusha National Park. The city is a major international diplomatic hub. It hosts the African Court of the African Union and is the capital of the East African Community. From 1994 to 2015, the city also hosted the International Criminal Tribunal for Rwanda, but that entity has ceased operations. It is a multicultural city with a majority Tanzanian population of mixed backgrounds: indigenous African, Arab-Tanzanian and Indian-Tanzanian population, plus a small European and North Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mwanza
Mwanza City, also known as Rock City to the residents, is a port city and capital of Mwanza Region on the southern shore of Lake Victoria in north-western Tanzania. With an urban population of 1,182,000 in 2021, it is Tanzania's second largest city, after Dar es Salaam. It is also the second largest city in the Lake Victoria basin after Kampala, Uganda and ahead of Kisumu, Kenya at least in population size. Within the East African community, Mwanza city is the fifth largest city after Dar, Nairobi, Mombasa, and Kampala. It is slightly ahead of Kigali, Kisumu, and Bujumbura in the population of city proper limits. However, in terms of infrastructure, Kigali and Kisumu cities are way ahead of Mwanza. Mwanza city is also the capital city of Mwanza Region, and is administratively divided into two municipal districts within that Region - Ilemela and Nyamagana. Ethnicity The Sukuma constitute over 90 percent of the population of the Mwanza Region. Other ethnic groups in the region, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
