CRDB Bank Plc is the largest commercial bank in Tanzania, according to its total assets. These reached around *** trillion Tanzania shillings (TZS) in 2021, roughly *** billion U.S. dollars, and corresponded to some ** percent of total bank assets in the country. Following closely, NMB Bank accumulated total assets of *** trillion TZS (approximately *** billion U.S. dollars). In its turn, the National Bank of Commerce (BNC) had assets valued at *** trillion TZS (*** million U.S. dollars).

This Financial Sector Assessment summarizes the findings of the joint World Bank-International Monetary Fund (IMF) financial sector assessment program (FSAP). The overall assessment of development priorities, and financial stability suggest that even though the current depth, and efficiency of Tanzania's financial system fall well short of what is needed to help support economic growth, there are clear indications that the foundations of a sustainable advance are being laid. Extensive policy reforms have been put in place, notably the organizational, and financial restructuring of the two largest banks, the opening of entry to financial services providers, and the substantial liberalization of domestic financial intermediation. But these sweeping reforms did not at first yield improved access to financial services by economic agents. There has been however, an accelerated pick-up in credit in the last two years, with an intensified competition for creditworthy borrowers at all levels in the urban areas. Yet, large swathes of the economy are, however, working with little formal credit. This is true of much of agriculture, and the rural economy, thus new business models and lending technologies, need to be bought into play. A key task for government will be to help ensure the legal, and information infrastructures on which the banks, and other financial institutions can build. Two competing visions of Tanzania's future financial sector differ as to whether micro, and small-scale financial services will be provided more by formal sector banks reaching down, or by the development of community - or nongovernmental (NGO)-based micro-finance institutions (MFIs). Main elements for the development of the Tanzanian financial system, and its institutional, and financial strengthening requires a long-term, planned approach, that includes reform of government-owned financial institutions; legal and judicial reform; enhanced access to financial services; long-term investment, by liberalizing investment requirements for insurance companies; managing systemic liquidity, market intervention, and infrastructure, and, immediate reviewing of some regulations as mentioned, aimed at relaxing unduly constraining barriers; and, the development of a financial system crisis prevention and management plan, and tax reform.

Techsalerator’s Business Technographic Data for Tanzania: Unlocking Insights into Tanzania's Technology Landscape

Techsalerator’s Business Technographic Data for Tanzania provides a detailed and comprehensive dataset essential for businesses, market analysts, and technology vendors seeking to understand and engage with companies operating within Tanzania. This dataset offers in-depth insights into the technological landscape, capturing and organizing data related to technology stacks, digital tools, and IT infrastructure used by businesses in the country.

Please reach out to us at info@techsalerator.com or visit Techsalerator Contact.

Top 5 Most Utilized Data Fields

• Company Name: This field lists the names of companies in Tanzania, enabling technology vendors to target potential clients and allowing analysts to assess technology adoption trends within specific businesses.

• Technology Stack: This field outlines the technologies and software solutions a company uses, such as accounting systems, customer management software, and cloud services. Understanding a company's technology stack is key to evaluating its digital maturity and operational needs.

• Deployment Status: This field indicates whether the technology is currently deployed, planned for future deployment, or under evaluation. Vendors can use this information to assess the level of technology adoption and interest among companies in Tanzania.

• Industry Sector: This field specifies the industry in which the company operates, such as tourism, agriculture, or retail. Knowing the industry helps vendors tailor their products to sector-specific demands and emerging trends in Tanzania.

• Geographic Location: This field identifies the company's headquarters or primary operations within Tanzania. Geographic information aids in regional analysis and understanding localized technology adoption patterns across the country.

Top 5 Technology Trends in Tanzania

• Mobile Financial Services: Mobile money and financial services are rapidly expanding in Tanzania, with many businesses adopting mobile payment solutions to reach a broader customer base and facilitate transactions in areas with limited access to traditional banking.

• Agricultural Technology: With agriculture being a significant part of Tanzania’s economy, there is a growing adoption of agri-tech solutions, including precision farming tools, crop management software, and supply chain technology to enhance productivity and efficiency.

• Renewable Energy: Tanzania is investing in renewable energy solutions such as solar and wind power to address the energy needs of its growing population and support sustainable development goals.

• E-commerce Growth: The e-commerce sector is gaining momentum in Tanzania, with businesses increasingly utilizing online platforms and digital payment systems to cater to the expanding market and enhance consumer experiences.

• Healthcare Technology: There is a rising interest in healthcare technology, including telemedicine solutions, electronic health records, and mobile health apps, aimed at improving healthcare delivery and accessibility across the country.

Top 5 Companies with Notable Technographic Data in Tanzania

• Vodacom Tanzania: A leading telecom provider, Vodacom is enhancing connectivity across Tanzania through advanced mobile services, high-speed internet, and digital solutions, driving the country’s digital transformation.

• Tigo Tanzania: As a major player in telecommunications, Tigo offers a range of mobile and internet services, along with digital financial solutions, contributing to the growth of digital infrastructure in Tanzania.

• NMB Bank: A prominent financial institution, NMB Bank is leveraging digital banking services, mobile apps, and data analytics to provide efficient financial services and enhance customer experience.

• CRDB Bank: Known for its innovation in digital banking, CRDB Bank is adopting technology solutions such as online banking platforms and mobile financial services to meet the evolving needs of its customers.

• Dar es Salaam Stock Exchange (DSE): The DSE is implementing advanced trading platforms and financial technology solutions to streamline operations and provide a robust trading environment for investors in Tanzania.

Accessing Techsalerator’s Business Technographic Data

For those interested in accessing Techsalerator’s Business Technographic Data for Tanzania, please contact info@techsalerator.com with your specific needs. Techsalerator offers customized quotes based on the required number of data fields and records, with datasets available for delivery within 24 hours. Ongoing access options can also be arranged upon request.

Included Data Fields

• Company Name
• Technology Stack
• Deployment Status
• Industry Sector
• Geographi...

Tanzania TZ: Population in Largest City: as % of Urban Population data was reported at 30.194 % in 2017. This records an increase from the previous number of 30.104 % for 2016. Tanzania TZ: Population in Largest City: as % of Urban Population data is updated yearly, averaging 30.753 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 34.123 % in 1967 and a record low of 29.695 % in 1996. Tanzania TZ: Population in Largest City: as % of Urban Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank: Population and Urbanization Statistics. Population in largest city is the percentage of a country's urban population living in that country's largest metropolitan area.; ; United Nations, World Urbanization Prospects.; Weighted average;

CRDB Bank was perceived the most as a brand representing good quality among bank institutions in Tanzania as of May 2022. Over ** percent of the survey's respondents rated CRDB Bank as a good quality institution. NMB followed, attracting the same perception of ** percent of the respondents. The institutions are the biggest commercial banks in Tanzania, each with assets of over ************* U.S. dollars in 2020.

View yearly updates and historical trends for Tanzania Population in the Largest City. Source: World Bank. Track economic data with YCharts analytics.

Tanzania TZ: Firm with Female Top Manager: % of Firms data was reported at 14.000 % in 2013. Tanzania TZ: Firm with Female Top Manager: % of Firms data is updated yearly, averaging 14.000 % from Dec 2013 (Median) to 2013, with 1 observations. Tanzania TZ: Firm with Female Top Manager: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Company Statistics. Firms with female top manager refers to the percentage of firms in the private sector who have females as top managers. Top manager refers to the highest ranking manager or CEO of the establishment. This person may be the owner if he/she works as the manager of the firm. The results are based on surveys of more than 100,000 private firms.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average; Relevance to gender indicator: Women are vastly underrepresented in decision making positions at the top level in the private sector and this indicator monitors progress that has been made.

Tanzanía: Bank concentration: percent of bank assets held by top three banks: Para ese indicador, proporcionamos datos para Tanzanía de 2004 a 2021. El valor medio para Tanzanía durante ese período fue de 55.23 por ciento con un mínimo de 48.16 por ciento en 2015 y un máximo de 87.07 por ciento en 2004. El último dato de 2021 es 80.49 por ciento. A modo de comparación, el promedio mundial en 2021 basado en 135 países es de 67.43 por ciento.

In 2022, CRDB Bank ranked as the largest company in Tanzania according to revenue. The enterprise recorded 488 million U.S. dollars in revenue. NMB Bank followed closely, with revenue of 485 million U.S. dollars. Tanzania Breweries, a leading company in terms of market capitalization, had a revenue of 415 million U.S. dollars.

Tanzania Breweries was the leading Tanzanian company in 2023, according to market capitalization value. The enterprise dominates the beer industry in Tanzania, with a market share of around 70 percent. In the mentioned year, Tanzania Breweries had a market cap value of nearly 1.4 billion U.S. dollars. Second in the ranking, NMB Bank had a market capitalization of 743 million U.S. dollars.

As of 2022, Absa Bank employed a total of ****** people around the globe. South Africa had the largest number of employees, with a total of ****** people. Kenya and Tanzania completed the top three with ***** and ***** employees, respectively.