201101

November:- BANK OF AFRICA TANZANIA unveils the Mortgage Finance Product that seeks to enable Tanzanians own their dream homes. The product comes in 3 packages being: Home Purchase, Home Equity and Home Completion. Contact or Visit any of our 16 branches countrywide for more information.

BANK OF AFRICA TANZANIA launches the Smart Junior Investor Acount that seeks to enable parents to save for their children future financial needs. The account is also designed to enable children gain financial soundness at an early age.

June:- BANK OF AFRICA TANZANIA participates in the AIESEC TANZANIA Stakeholders Dinner held on 24th June 2011 at the Paradise City Hotel in Dar es Salaam. The bank recieved an award as the best exchange partner for the year 2010/2011.

BANK OF AFRICA TANZANIA now opens Kijitonyama and Mbezi Beach Branches.

March:- BANK OF AFRICA TANZANIA partners with PROPARCO and recieves a surbodinated debt of USD 4.5 million that will enable the bank to finance more long-tenured facilities to its customers.

February:- BANK OF AFRICA TANZANIA donates mattresses, bedsheets, clothes and mosquito nets worth TZS 3.3 Million in support of the Gongo la Mboto bomb blast victims.

January:- BANK OF AFRICA TANZANIA sponsors 2 athletes and their coach to participate in the 3rd Edition of the Bank of Africa Group Marathon set for Saturday, 23rd January 2011 in Bamako, Mali

2010

August: • BANK OF AFRICA TANZANIA now extends its wings to Mbeya and Tunduma. The 2 new branches were officially opened on 18th August 2010 bringing to a total of 14 the number of branches in the country.

April: • BANK OF AFRICA TANZANIA was represented in the Baobab Partnership Celebration by Wasia Mushi (Asst. General Manager - Commercial Banking) and Solomon Haule (Marketing Manager). The hospital presented the Bank with an appreciation token for supporting its initiatives.

April: • BANK OF AFRICA TANZANIA participated in the AIESEC TANZANIA Career Fair that was held at the University of Dar es Salaam on 17th and 18th April 2010. The Bank had a chance to interact with students from 7 higher learning institutions in the country.

April: • BANK OF AFRICA TANZANIA staff spent Easter Monday with the chidlren admitted at CCBRT. Staff from the Bank paid a visit to the children admitted in the hospital with club feet, bow legs and other congenital deformities during the Easter holiday and hosted a luncheon for them.

March: • BANK OF AFRICA TANZANIA contributed TZS 7 million towards the establishment of the Josiah Kibira University College of Tumaini University.

March: • BANK OF AFRICA TANZANIA donated mattresses to the Kilosa flood victims in Morogoro on 7th March, 2010. The donation was received by Minister of Finance and Economic Affairs, Mr. Mustapha Mkulo.

After receiving all the required regulatory approvals, the Board of BOA BANK TANZANIA Ltd has announced its decision to change the name of the Bank to BANK OF AFRICA TANZANIA LTD with immediate effect.

The change of name has been necessary because the initial fears that trading as BANK OF AFRICA TANZANIA LTD will create confusion in the market are no longer warranted. After three years of becoming a member of the BANK OF AFRICA GROUP, the brand has been well integrated and accepted in the Tanzanian financial market and we can now fully adopt the name of the Group. Adopting the name will further upscale group synergies, especially within the East African market. BANK OF AFRICA is present in all countries of East African community, with the exception of Rwanda.

The shareholding structure and Management of the Bank remain the same and there will be no variation in the strategies as set out in the 2010 - 2012 Business Plan of the Bank.

Three years after joining BANK OF AFRICA GROUP, the Bank is showing steady and healthy annual profits, increased the number of its branches from 4 to 14, grown its balance sheet by 160%, deposits by 275%, loans and advances by 320% and shareholders' fund by 250%.

The Board is confident that the stable and consistent growth of BANK OF AFRICA TANZANIA will continue to be in line with projections and the philosophy of the Group.

BANK OF AFRICA TANZANIA LIMITED is a private commercial bank that has been operating in Tanzania since June 2007 after acquiring Eurafrican Bank Ltd.

By order of the Board;

Fulgence M. KAZAURA
Chairman
Dar es Salaam

More Press Releases
• 2nd August, 2007
• 31st August, 2010