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Merger of Kilimanjaro Cooperative Bank Limited and Tandahimba Community Bank Limited in 2024

Latest Tanzania finance news · Merger of Kilimanjaro Cooperative Bank Limited and Tand… explained · 2024 updates · updated Aug 19, 2026 · economy news · GDP · investment

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TLDR

  • The Kilimanjaro Cooperative Bank Limited and Tandahimba Community Bank Limited are set to merge in 2024.
  • The Cooperative Bank Tanzania Plc has disbursed over 135 billion Tanzanian Shillings in loans within the last 12 months.
  • Customer deposits at the bank increased from 53.01 billion to 156.4 billion Tanzanian Shillings, marking a 195 percent rise.
  • The bank's Net Interest Income rose from 1.97 billion to 4.7 billion Tanzanian Shillings during the same period.
  • The bank expanded its branch network from four to seven outlets and increased staff numbers from 69 to 113.

Latest news excerpts & sources: Merger of Kilimanjaro Cooperative Bank Limited and Tand…

dailynews.co.tzRead more

he also cited the 2024 merger of Kilimanjaro Cooperative Bank Limited (KCBL) and Tandahimba Community Bank Limited (TCBL) as a key milestone that strengthened the bank’s capacity to serve cooperative institutions, SMEs, farmers and retail customers nationwide.

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