Tanzania

Citibank Tanzania Limited has pioneered a number of milestones in Tanzania. We are one of the first banks to sponsor the settlement account for Mobile Money. We offer the following payments solutions; Integrated Payment Services, Dividends and Mass Payments, Vendor and Payroll, Tax Payments (Domestic and Customs Tax), Social Security Payments (Tanzania), Multi-Bank Transaction Initiation.

Our undisputed and ongoing commitment to developing and deepening the local financial markets in Tanzania has had several firsts in the market, including:

• First bank to provide financing solutions specifically targeted to corporations in Tanzania, encompassing transaction banking, trade finance, corporate finance and treasury solutions
• First bank to arrange a local currency syndication loan valued at more than US$100 million
• First bank to introduce web-based electronic banking
• First bank to offer customers REPOs as a high-yielding investment vehicle
• First bank to introduce foreign exchange forwards in the market
• First bank to offer an upcountry structured collection solution through Speed-collect
• First bank to introduce currency swaps in the market
• First bank to arrange commercial paper
• Leading provider of commodity finance solutions including commodity hedges