Access Bank Tanzania has announced the successful completion of its acquisition of the Consumer, Private, and Business Banking division of Standard Chartered Bank Tanzania, following receipt of all regulatory approvals.
Tanzania has maintained its central bank rate (CBR) at six percent for a fourth successive quarter as it anticipates more liquidity and inflation control in the domestic economy during 2025.
This rate is slightly above the average of 4.4 percent forecasted in 2023 for member countries of the East African Community (EAC) and 3.8 percent for member countries of the Southern African Development Community (SADC).
ATIDI insured EUR300 million loan facility issued by Deutsche Bank AG to the Government of Tanzania. The facility will finance several infrastructure projects included in Tanzania's 2022/2023 budget and aligned with the country’s National Development Vision 2025.
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