The President of Tanzania, Mrs Samia Suluhu Hassan, has been commended for her visionary leadership, which has resulted into a business-friendly environment.
The chairman of Access Bank Tanzania, Mr Protase Ishengoma, during a visit to the President recently, said she has demonstrated exceptional leadership, which has helped the country to attract more investments.
Mr Ishengoma led the board and management of Access Bank Tanzania to Mrs Hassan to present her with the Power of 100 Africa Women Award for her commitment to inclusive governance, and contributions to national and regional development.
The Power of 100 Africa Women Award is a Pan-African platform supported by Access Bank Group to celebrate female leaders advancing sustainable development.
Past awardees include the President of Namibia, Mrs Netumbo Nandi-Ndaitwah; the Vice President of Zambia, Mrs Mutale Nalumango; and the Prime Minister of the Democratic Republic of Congo, Mrs Judith Suminwa.
“This award is recognition of your transformational leadership and unwavering dedication to building an inclusive and prosperous Tanzania. We are honoured to present this on behalf of Access Bank Group.
“We are proud to align with your vision of expanding access to finance, supporting local businesses, and empowering women and youth,” Mr Ishengoma said.
Also, the Executive Director for African Subsidiaries at Access Bank, Seyi Kumapayi, said, “We are proud of the progress Access Bank Tanzania has made in such a short time. Our growth reflects our strong alignment with national priorities and our mission to drive sustainable impact across the communities we serve.”
Recall that in 2024, Access Bank acquired African Banking Corporation (BancABC) to operate in Tanzania and a year later, it took over the consumer, private, and business banking portfolios of Standard Chartered Bank Tanzania.
So far, the company has improved its total assets to TZS 519 billion from TZS 270 billion, customer deposits to TZS 370 billion from TZS 173 billion, loan portfolio to TZS 272 billion from TZS 160 billion, and cut down its non-performing loans (NPLs) to 3.7 per cent from 4.3 per cent, with the lender bouncing into profitability with a profit of TZS 1.6 billion in the first half of 2025 versus a loss of TZS 2.4 billion.