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NCBA Tanzania, the banking subsidiary of NCBA Group, has released its third-quarter financial report for 2023, showing remarkable growth in a series of bank fundamentals. In results released this week, the bank reported that in the 3 months from June 2023, operating income grew by 145% from a loss of TZS8.4 billion in Q2 2023 to a positive of TZS3.8 billion in September 2023. After-tax Income also improved by 152.4% from a loss of TZS9.6 billion to a profit of TZS5 billion. This was fuelled by a 16.3% growth in net lending, from TZS237.1 billion to TZS275.7 billion. And a…
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The Tanzania Private Sector Foundation (TPSF) – an apex body for private sector associations in Tanzania has appointed John Ulanga as its new Executive Director. Ulanga is a Tanzanian international development, trade facilitation and organisational development expert as well as business leader and board director. Prior to joining TPSF, Mr. Ulanga was the Regional Director for East and Central Africa at TradeMark Africa. TradeMark Africa is an Aid for Trade African not-for profit institution established in 2010 to support the growth of trade in Africa. He was responsible for overseeing TradeMark Africa Country Programmes in Tanzania, Kenya, Uganda, Rwanda,…
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