In global financial discourse, widespread retail participation in the stock market is often presented as a key indicator of economic maturity and a primary vehicle for wealth creation. Yet, in Tanzania, a nation experiencing consistent economic growth and social progress, the formal capital market remains a distant reality for the
In the bustling markets of Dar es Salaam and the quiet rural villages across Tanzania, a digital revolution is unfolding. It’s not happening in gleaming skyscrapers or high-tech labs, but on the screens of millions of mobile phones. This is the race to build Tanzania's definitive "
September 17, 2025, | Dar es Salaam, Tanzania - The air in many Tanzanian schools has long been thick with the scent of chalk dust and aging paper. The daily rhythm is marked by the scratching of pens in ledger books, the rustle of countless student files, and the long queues
If you’ve spent any time in Dar es Salaam, Arusha, or virtually any town in Tanzania, you’ve witnessed it. It’s the ubiquitous chime of a mobile money transaction, the flash of a QR code at a local market stall, the ease with which school fees, utility bills,
Access to credit is one of the most powerful forces in an economy. It’s the invisible engine that allows a family to buy a home, a student to get an education, and an entrepreneur to turn a brilliant idea into a thriving business. It transforms aspirations into realities. Over
The African fintech landscape is in a constant state of dynamic evolution, but every so often, a single move redraws the entire map. In early 2024, Selcom’s acquisition of Access Bank Tanzania was precisely that—a seismic event. On the surface, it was a straightforward corporate transaction: Tanzania'
Step into any neighborhood in Dar es Salaam, and you’ll feel it: the vibrant, relentless pulse of commerce. It’s in the colorful kiosks, the bustling storefronts, and the handcarts navigating crowded streets, all part of a complex network that gets everyday products—a cold soda, a bag of
Imagine two entrepreneurs. One sits in a bustling co-working space in Nairobi, pitching her logistics startup to a venture capitalist who just flew in from London. The other, with an equally brilliant fintech idea, navigates the traffic of Dar es Salaam, preparing for a meeting with a local bank official.
In the world of digital commerce, Tanzania presents a fascinating paradox. It's a nation where over 95% of the adult population uses mobile money, a sophisticated digital payment system that many Western countries might envy. With a massive, youthful population of over 70 million, it should be a
Forget the metaverse, AI-powered selfie filters, and apps that deliver artisanal ice cream in ten minutes. In the bustling tech hubs of Silicon Valley, innovation often chases convenience and entertainment. But half a world away, in Tanzania, a different kind of tech revolution is quietly unfolding. It’s less about
Tanzania's technology sector is a fascinating study in contrast. On one hand, the nation is home to a youthful, digitally engaged population, with over 60% of its inhabitants under the age of 25, and a remarkable 86% increase in internet subscriptions between 2020 and 2024. The government has
Tanzania's way of paying for things is buzzing with change! While the familiar feel of cash is still very much present, digital payments, especially through mobile phones, are rapidly transforming how people send, spend, and save money. It's a fascinating mix: cutting-edge mobile technology thriving alongside
Tanzania is undergoing a remarkable transformation. Driven by technological advancements, government initiatives, and a growing appetite for convenience, the nation is rapidly shifting towards a digital, cashless economy. At the forefront of this change are innovative financial institutions leveraging technology to enhance services and promote financial inclusion. Exim Bank Tanzania
Tanzania's financial scene is buzzing, and mobile money is the undisputed star. Forget queues and complex bank forms for everyday transactions; the mobile phone has become the primary financial tool for millions. We're talking about a market where mobile money accounts soared past 55 million by
Tanzania's financial world is buzzing! Gone are the days when banking was just about visiting a physical branch. Today, your mobile phone is your wallet, your bank, and your payment terminal, all rolled into one. Mobile money is king, reaching an incredible number of people, while traditional banks
Imagine a company starting out just by selling phone airtime and growing into a major player that helps millions of Tanzanians manage their money. That's the story of Selcom Tanzania! Founded way back in 2001, Selcom has become a leading fintech (financial technology) company in Tanzania, making a
Introduction East Africa's financial landscape, particularly in countries like Tanzania and Kenya, is characterized by its dynamism and rapid digital adoption, largely driven by the phenomenal success of mobile money platforms like M-Pesa, Tigo Pesa, and Airtel Money. Millions rely on these services daily for everything from P2P
If you live in Tanzania or elsewhere in East Africa, you know how important mobile money is. Services like M-Pesa, Tigo Pesa, and Airtel Money aren't just convenient; they're how millions of people handle their finances every day. East Africa leads the world in mobile money,
Tanzania is at the forefront of a digital payment revolution, rapidly transforming its economy from one dominated by cash to a landscape where mobile phones are the new wallets. At the heart of this change is a simple but powerful concept: "Lipa Namba," a Swahili term meaning "