Coop Bank marks first anniversary
Tanzania, April 28 -- Dar es Salaam. Coop Bank Tanzania Plc is celebrating its first anniversary, marking a year of rapid expansion and significant contributions to financial inclusion.
Officially launched on April 28, 2025, by President Samia Suluhu Hassan, the bank has focused heavily on underserved sectors, particularly agriculture. Managing director, Godfrey Ng'urah, highlighted the bank's commitment to supporting micro, small, and medium enterprises, cooperatives, and individual customers.
A key differentiator for Coop Bank has been its provision of single-digit lending rates to farmers and agribusinesses, aiming to lower capital costs and boost productivity across the agricultural value chain.
The bank is actively participating i...
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