Tanzania Investment Bank Ltd - Dodoma

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    Listing
Company name
Tanzania Investment Bank Ltd
Location
Samora Avenue/Zanaki Street, P.O. Box: 9373, Dodoma, Tanzania
Contact number
+255 26 235 3097
Website address
Working hours
  • Monday: 08:00 - 17:00
  • Tuesday: 08:00 - 17:00
  • Wednesday: 08:00 - 17:00
  • Thursday: 08:00 - 17:00
  • Friday: 08:00 - 17:00
  • Saturday: Closed
  • Sunday: Closed
E-mail address
Company description
TIB Development Bank Limited was established in November 1970 initially by the Parliamentary Act, the Tanzania Investment Bank Act of 1970 with the main purpose of financing development with emphasis on industrialization of the country. TIB was able to fulfil its mandate with notable success in the setting up of textile, leather, paper and other processing industries until the macroeconomic instabilities of the 1980s when the country’s economy deteriorated.

The economic reforms of the 1990s highlighted the lack of long term funding as it was not offered by any of the commercial and financial institutions operating the country at the time. The Government therefore re-designated TIB as a Development Finance Institution (DFI) in 2005. The bank has completed the process of  
Show more transformation into a DFI with an engagement focus centred primarily on infrastructure, industrialization (agro-processing, mining, and general manufacturing) oil and gas and services sector.

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Verified Business

The accuracy of the company profile for Tanzania Investment Bank Ltd is validated by the company owner, representative, or directory administrator.
Registered with us in February 2012
Last update on March 2021

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