TCB Launches Stawi Bond Offering Investors Up to 13.5% Annual Return.




Tanzania Commercial Bank (TCB) has officially launched the TCB Stawi Bond, which offers investors returns of up to 13.5% per year, payable quarterly.


The launch took place today, September 17, 2025, in Dar es Salaam, led by the Deputy Permanent Secretary of the Ministry of Finance, Mr. Elijah Mwandumbya, on behalf of the Deputy Prime Minister and Minister of Energy, Hon. Dr. Doto Biteko.


This milestone follows the approval by the Capital Markets and Securities Authority (CMSA) of a five-year bond program worth TZS 150 billion.


In the first tranche, CMSA has approved bonds valued at TZS 50 billion, with a minimum investment threshold set at TZS 500,000.

The Chief Executive Officer of Tanzania Commercial Bank (TCB), Adam Mihayo, has announced that the newly introduced Stawi Bond aims to raise funds to provide affordable loans to small and medium entrepreneurs, who often face challenges in accessing capital at favorable rates.


Mihayo explained that the Stawi Bond offers an attractive annual interest rate of 13.5 percent, payable quarterly, making it a unique opportunity for Tanzanians to invest while earning guaranteed returns. The minimum investment amount is set at TZS 500,000, enabling more citizens to participate in the capital markets.


“The funds raised through the Stawi Bond will be directed specifically towards supporting small and medium businesses. This provides a real solution for them as we will enable access to affordable loans, helping them expand their activities. It is also part of our broader strategy to enhance financial inclusion for more Tanzanians,” Mihayo said.


On his part, the Chief Executive Officer of the Capital Markets and Securities Authority (CMSA), Nicodemus Mkama, said the Stawi Bond is historic, as it marks the first time a state-owned bank has issued such an instrument. He noted that the initiative is part of the Alternative Project Financing Strategy, which seeks to support public institutions to utilize capital markets instead of relying solely on the national budget.


Mkama further highlighted that the value of Tanzania’s capital markets has continued to grow rapidly. Over the past four years, it has increased by more than 75 percent—from TZS 31.64 trillion in 2021 to TZS 55.45 trillion last month. He said this growth reflects innovation, resilience, and growing confidence among both domestic and international investors.


Meanwhile, the Chief Executive Officer of the Dar es Salaam Stock Exchange (DSE), Peter Nalitolela, said the launch of the Stawi Bond comes at the right time, as citizens can now easily invest through digital platforms, including the TCB and DSE mobile applications.


He emphasized that the bond is an important opportunity for both individuals and the private sector, enabling participation in national development through the capital markets while also offering investors guaranteed income.


The launch of the Stawi Bond signals a new financial direction for Tanzania — a step aimed not only at expanding access to affordable capital for entrepreneurs but also at increasing citizen participation in investment, strengthening government revenues, and driving the country’s economic growth.



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