Exim Bank Tanzania (EBT) – History, Ownership, Network and More

Exim Bank Tanzania (EBT) – History, Ownership, Network and More

Exim Bank Tanzania operates as a commercial bank based in the 2nd biggest economy in the East African Community, Tanzania. It is licensed by the country’s national regulator and central bank, The Bank of Tanzania

Type Private
Founded 25 yrs ago,1997
Industry Financial Services
Key People Chairman- Juma Mwapachu


CEO- Jaffari Matundu

Chief Financial Officer-Shani Kinswaga

Headquarters Plot no 1404, Exim Tower Ghana Avenue, Block No 01, Dar es Salaam
Products Savings, Loans, Investments, Checking, Debit Cards, Credit cards, Mortages
Revenue After: 3.37 billon TZS (USD 1.484)
Number of employees 924
Total assets 1.604 trillion TZS (USD 706.5 million)
Company website

Exim Bank Tanzania Overview

EBT is a big financial organization that offers commercial banking services to individuals, medium and small-sized enterprises (SMEs), as well as large corporations. According to its yearly report, which was published on the website of the bank in December 2017, the total assets of the bank were estimated to be worth 1.604 trillion TZS (706.5 million USD), taking an exchange rate of 2,270 TZS per dollar, with the equity of the shareholders being valued at 231.454 billion TZS (USD 102 million).

As of 2014 April, EBT ranked as the 5th biggest commercial bank in the nation in terms of assets. The total assets of the bank have expanded to 1.5 trillion TZS (about USD 700.8 million) by 2016 June. EBT boosted its assets to USD 732.4 million after acquiring the assets and business of United Bank Tanzania Limited in November 2019.

Exim Bank Tanzania History

After the liberalization of the economy of Tanzania, a group of businesspeople from Tanzania founded EBT in 1997. It is said to have made a profit within the first 5 months of beginning operations. EBT had completely owned subsidiaries in Djibouti, Comoros, and Uganda by November 2019. In March 2016, it became the 1st indigenous bank from Tanzania to have subsidiaries outside the country. In 2010 April, the Bank of Tanzania approved the bank’s creation of subsidiaries in Zambia and Djibouti, establishing the Exim Bank Group (East Africa) Group, a regional financial services and banking services business. EBT purchased 58.6 per cent of Imperial Bank Limited (Uganda) in 2016 March and renamed it Exim Bank Limited (Uganda). In November 2019, EBT purchased the assets and business of United Bank Tanzania Limited, Pakistan bank’s subsidiary, in November 2019.

Exim Bank Tanzania Subsidiaries

The bank’s headquarters are still in Dar es Salaam, the largest city in Tanzania, as of March 2016. The following are its subsidiaries, which comprise the Exim Bank (East Africa) Group:

  1. Tanzania Exim Bank – Daar es Salaam
  2. Comoros Exim Bank – Moroni
  3. Djibouti Exim Bank – Djibouti City
  4. Uganda Exim Bank – Kampala


Private people and business entities own ETB shares. The following table summarizes the current holdings in the bank:

Owner Percentage
Azim Virjee 20.0
Azim Kassam 20.0
Shaffin Jamal 20.0
Hanif Jaffer 20.0
Yogesh Manek 20.0
TOTAL 100.0

Branch Network

By 2017 October, Exim Bank Tanzania branches are maintained these locations within Tanzania

Branch City Address
Udom Branch Dodoma UDOM College of Informatics
Lumumba Branch Dar es Salaam Ushirika Towers in Lumumba Street
Mwanakwerekwe Branch Zanzibar  
Kigoma Kigoma  
Karatu Karatu  
Tabora Tabora  
Sinyanga Shinyanga  
Iringa Iringa  
Mbeya Mbeya  
Mtwara Mtwara  
Morogoro Morogoro Lumumba road
Zanzibar Zanzibar Mandege street
Tanga Tanga Independence Avenue
Moshi Moshi Boma Road
Mount Meru Arusha Uhuru Road
Arusha Branch Goliiondoi Road Arusha
Mwanza Branch Mwanza Kenyatta Road
Temeke Branch Dar es Salaam Chang’ombe Road
Nyerere Road Dar es Salaam Nyerere Road
Namanga Branch Dar es Salaam Namanga
Mkwepu Branch Dar es Salaam Mkwepu street
Kariakoo Branch Dar es Salaam Morogoro Road
Samora Avenue Dar es Salaam 9 Samora Avenue
Exim Tower Branch Dar es Salaam Exim Tower
Clock Tower Dar es Salaam Samora Avenue

Exim Bank Tanzania Governance

The Board’s chairman is Juma Mwapachu, an ambassador and a non-Executive Director. The CEO is Mr. Jaffari Matundu, a non-shareholder.

Other Important Things About Exim Bank Tanzania

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