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Tanzania Report

Developed in conjunction with Ext-Joom.com

Interviews7.25.2016

Maendeleo Bank: A Bank That Serves the Underprivileged in Tanzania

Ibrahim Mwangalaba, Managing Director of Maendeleo Bank
Ibrahim Mwangalaba, Managing Director of Maendeleo Bank

Maendeleo Bank Tanzania

Maendeleo Bank is the 51st bank to open in Tanzania and the first bank to list on the Dar Es Salaam Stock Exchange. Maendeleo Bank commenced operations in September 2013. As of today, it provides a wide range of banking services including deposits, clearing, tiss and swift transfers, insurance, loan products, foreign exchange, foreign currency account, mobile banking, etc.