About Azania Bank
Azania Bank Limited, whose formal name is First Adili Bancorp Limited, and is commonly referred to as Azania Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania (BOT), the central bank and national banking regulator.
Azania Bank Limited is a fully-fledged commercial bank offering a range of banking services where by our customers can open current (Business/ personal) accounts and various savings accounts for SMEs, children and students. It offers a wide range of loan products, such as business loans, consumer loans and mortgage facilities; it further operates in local and international funds transfers through TISS, Telegraphic Transfers, Western union, Africash and Money gram. In the processes of mobilizing deposits and lending to businesses, we offer competitive interest rates on deposits as well as affordable interest rates on loans facilities
The bank’s operational efficiency is attributed by its good customer services, improved turnaround time for service delivery and enhanced businesses processes as the bank continued with its strategy of delivering services beyond normal banking hours in which Some of our branches are now opened from 08am to 08pm everyday in all 7 days of the week i.e. Sunday to Sunday, this goes in line with the revamped digital banking service which allows our customers to transact unlimitedly 24hours.
Azania Bank currently provides banking services at 24 locations in Tanzania as well as 8 Service centers, 2 collection centers and 7 Standalone Bureau De Change outlets which provide “Forex Exchange services. The Bank also offers services through our various Digital Banking Platforms such as Visa cards, Azania Wakala, Internet Banking and Mobile App.
Azania Bank is a one tier-sized commercial bank that engages in retail banking, corporate banking, lease financing, foreign exchange transactions and import/export financing, as well the issuance of letters of credit. Following the acquisition of the assets and liabilities of Bank M, in January 2019, the total assets of Azania Bank were valued at approximately US$582 million (TZS:1,339 billion). At that time the bank’s shareholders equity was valued at US$71.46 million (TZS:164 billion). As of December 2019, the bank’s total assets were valued at TZS:1,148,710,000,000 (US$496,575,000), with shareholders equity of TZS:241,351,000,000 (US$104,333,000).
The bank was established in 1995, as First Adili Bancorp, by Tanzanian citizens, together with national pension funds and International financial institutions, including the East African Development Bank, the Swedish International Development Agency and an American merchant bank, Gerald Metals Inc.. Today, the main shareholders are Tanzanian pension funds and Tanzanian nationals.
In January 2019, Azania Bank acquired the assets and liabilities of Bank M, a retail commercial bank, which had been under management by Bank of Tanzania since August 2018, on account of “critical liquidity problems” and inability “to meet its obligations”
As of December 2021, Azania Bank’s stock was owned by the following corporate entities and individuals:
| Rank | Name of owner | Percentage ownership |
|---|---|---|
| 1 | National Social Security Fund – Tanzania (NSSF) | 28.04 |
| 2 | Public Service Social Security Fund (PSSSF) | 51.32 |
| 3 | National Health Insurance Fund (NHIF) | 17.97 |
| 4 | Workers Compensation Fund (WCF) | 1.78 |
| 5 | East African Development Bank (EADB) | 0.50 |
| 6 | Minority Shareholders, Including Azania Bank Staff | 0.39 |
| Total | 100.0 |
Branch network
Azania Bank has its headquarters in Dar-es-Salaam. As of December 2021, the bank maintained a network of branches at the following locations:
Masdo Branch – Samora Avenue, Dar es Salaam
Kariakoo Branch – Msimbazi Street, Dar es Salaam
Kisutu Branch – Kisutu, Dar es Salaam
Tegeta Branch – Chief House, Tegeta, Dar es Salaam
Mwenge Branch – Mwenge Market, Dar es Salaam
Mawasiliano Agency – Sam Nujoma road, Dar es Salaam
Industrial Branch – Nyerere road, Dar es Salaam
Lumumba Branch – Lumumba Street, Dar es Salaam
Mwaloni Branch – Mwaloni Fish Market, Mwanza
Rockcity Branch – Makongoro Street, Mwanza
Rwagasore Agency – Rwagasore Street, Mwanza
Lamadi Agency – Lamadi, Simiyu
Kahama Branch – Kahama Central Business District, Shinyanga District
Kagongwa Agency – Iponya Street, Kahama,Shinyanga
Arusha City Branch – WaKaloleni Street, Arusha
Mbauda Branch – Mbauda Corner, Arusha-Dodoma Road, Arusha
Arusha Business Centre – Joel Maeda Street, Arusha
Moshi Branch – Opp. Moshi Municipal Offices, Moshi
Geita Branch – Geita
Geita Mineral Centre – Kalangalala Street, Geita
Katoro Branch – Geita
Nyarugusu Service Centre – Geita
Morogoro Branch – Old Dar es Salaam rd Street, Morogoro
Sokoine Branch – Kikuyu Avenue, Dodoma
Tunduma Branch – Sumbawanga Road, Tunduma
Mbeya City Branch – Karume Avenue Road, Mbeya
Azania Bank Loan
Azania Bank lends property and cash loans at the rate you need, there are loans for entrepreneurs and small business owners who need to grow their businesses and capital according to their income. Azania Bank gives you the opportunity for a businessman & entrepreneur to borrow the amount of money you need. they also offer property and cash loans to government employees and companies click here so you can check the methods and criteria for getting a loan.
Azania Bank Address, Location and Contact Details
- Mawasiliano-Sam Nujoma Road,DSM
- Email: customercare@azaniabank.co.tz
- Phone: 0800 110 210
Job Vacancies, career and Internships at Azania Bank
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. Azania Bank Job vacancies are normally advertised through the Official Azania Bank Tanzania career website page which can be accessed through this link – https://www.azaniabank.co.tz/careers-and-opportinuties
Find and apply for jobs advertised by Azania Bank by browsing the links listed below:
Azania Bank useful links
- Azania Bank website: https://www.azaniabank.co.tz/
- Azania Bank job vacancies – careers page: https://www.azaniabank.co.tz/careers-and-opportinuties
- Azania Bank Loan: https://www.azaniabank.co.tz/
