Tanzania, April 15 -- Dar es Salaam. Maendeleo Bank Ltd is targeting to attain a Tier 1 status in 2030 after its assets grew by 34 percent last year following digital investment, workforce strengthening, branch expansion and lending growth.

According to audited financial statements for the year ended December 31, 2025, the bank's total assets stood at Sh202.268 billion from Sh151.2 billion recorded previously.

The bank's Head of Finance, Mr Nolasco Charles, told The Citizen yesterday that the bank had already begun implementing its 2025-2030 strategic agenda, which focuses on strengthening human capital, accelerating technological transformation and expanding business operations.

"The implementation of the plan began in July last year ...