Company Profile

Company Description:

Tanzania Investment Bank Limited (TIB) was established by an Act of Parliament in 1970 as a Development Finance Institution (DFI) to provide development financing through provision of short, medium and long term lending. Following the implementation of the first phase of Financial Sector Reforms and the enactment of the Banking and Financial Institutions Act in
1991, TIB was licensed as a non-bank financial institution.

However, in August 2005 the government decided to transform TIB back into a profitable and sustainable Development Finance Institution with the aim of offering long-term finance, providing technical assistance and support services, equity financing as well as act as a conduit for official development assistance and special development government funds. TIB also acts as the local coordination point for international development financing initiatives such as those allied to SADC, NEPAD and other regional and multilateral institutions.