Tanzania's Largest Bank Expands to UAE

Bloomberg•Friday, October 3, 2025 at 11:12:30 AM

CRDB Bank has made a significant move by becoming the first East African bank to open an office in Dubai, marking a new chapter in its expansion strategy. This development is crucial as it aims to enhance investment and trade between Tanzania and the UAE, especially ahead of Tanzania's upcoming elections in October. Managing Director Abdulmajid Mussa Nsekela shared insights on this expansion and the favorable investment climate in Tanzania, highlighting the bank's commitment to fostering economic growth in the region.

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