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Target of More Than 20 Million Customer Accounts by 2030

Latest Tanzania finance news · Target of More Than 20 Million Customer Accounts by 2030 explained · 2030 updates · updated Aug 20, 2026 · economy news · GDP · investment

TLDR

  • NMB Bank has completed a major transformation of its core banking technology, migrating from a 15-year-old system to a new-generation platform.
  • The migration is described as the largest technology investment in the bank's history, aimed at supporting its next phase of growth.
  • NMB currently has over 10 million customer accounts and assets exceeding TZS18 trillion, up from 1.8 million customers and TZS2 trillion in assets in 2011.
  • The new platform is designed to accommodate emerging technologies and improve transaction processing, system stability, and security.
  • NMB is targeting more than 20 million customer accounts by 2030 as part of its digital transformation strategy.

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