Friday, 23 May 2014

ACB to open new branch in Mwanza

From The Citizen Daily, Dar es Salaam
By Alawi Masar

In a bid to reach more Tanzanians, Akiba Commercial Bank (ACB) plans to open a branch in Mwanza Region this year.

ACB head of marketing and communications Fredrick Archard, said the opening of Mwanza outlet will enable the bank to have a total of 17 branches countrywide.

“This is inline with the government’s call for inclusive finance. Akiba Commercial Bank wants to see more people in the country access financial services,”
he said in a statement yesterday.

He noted further that Mwanza is among the fastest growing regions in Tanzania pushed by investment attractions, hence the need for banking services by entrepreneurs. Tanzania has over 50 banks that are mostly concentrated in the commercial capital, Dar es Salaam, leaving majority of the citizens in rural areas unbanked.

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