Target to Reach 10 Million Customers by 2030
Latest Tanzania finance news · Target to Reach 10 Million Customers by 2030 explained · 2030 updates · updated Aug 22, 2026 · economy news · GDP · investment
TLDR
- The Cooperative Bank (Coop Bank) opened a new branch in Kagera Region on August 18, 2026, to enhance access to affordable financing for local farmers and cooperatives.
- This new branch is Coop Bank's seventh in Tanzania and its first in the Lake Zone, joining existing branches in Mtwara, Tandahimba, Dodoma, Dar es Salaam, Moshi, and Tabora.
- Minister for Livestock and Fisheries, Dr. Bashiru Ally Kakurwa, emphasized the importance of cooperatives in mobilizing capital and enhancing economic participation among citizens.
- The bank aims to reach 10 million customers by 2030, with a focus on expanding digital services to achieve this goal.
- Dr. Bashiru urged cooperatives to focus on value addition in various sectors to improve earnings and create employment opportunities.