Dar es Salaam, Tanzania – Absa Bank Tanzania today held an exclusive event for its corporate clients in Dar es Salaam, unveiling the state-of-the-art Absa Access Trade platform. The event, attended by industry leaders and key corporate clients, showcased the bank’s latest digital solutions designed to empower businesses in Tanzania by enhancing efficiency and enabling seamless transactions both domestically and internationally.
In his address, Obedi Laiser, the Managing Director of Absa Bank Tanzania emphasized the institution’s unwavering commitment to supporting its clients’ growth and success. He articulated the bank’s purpose, "Empowering Africa's tomorrow, together...one story at a time," highlighting that the introduction of the Absa Access Trade platform is a significant step towards fulfilling this vision.
“We are not just providing services; we are partnering with you to write the next chapter of your success story,” said the Managing Director. “Absa Access Trade platform is more than a digital solution; it is a tool that offers convenience, security, and efficiency, allowing our clients to manage their payment and trade finance needs with confidence.”
The Absa Access Trade platform is designed to streamline transactional banking, offering features such as mobile bulk disbursements, secure online channels, and comprehensive reporting capabilities. These features are tailored to meet the demands of a fast-paced business environment, enabling companies to focus on growth and innovation.
“Our message today is clear: ‘Your story matters,’” the Managing Director added. “At Absa Bank, we are dedicated to being more than just a financial service provider. We are your partners in crafting a narrative of success, resilience, and innovation. Every solution we offer is aimed at empowering you to write the best possible version of your story.”
On her part, Nellayana Mmanyi, the bank’s Corporate Director, elucidated why the bank is hosting such kinds of events. “We organize these kinds of exclusive events not only to introduce you to our latest offerings but also to strengthen the relationship we share with you. As your trusted partner, we understand the importance of keeping you informed and ahead of the curve. Today’s event is an opportunity for us to update you on the latest developments within the bank, the industry, and the broader economy, ensuring that you have the insights and tools you need to continue driving your business forward.” she said.
The introduction of the Absa Access Trade platform, coupled with Absa Bank’s extensive range of services, reaffirms the bank’s position as a trusted partner for businesses navigating the complexities of the Tanzania and East African market. As the region continues to grow and evolve, Absa Bank is committed to providing the tools and support necessary to help its clients succeed.
The event also featured presentations on macroeconomic conditions in East Africa, Debt Capital Markets (DCM), and the importance of trade finance in today’s dynamic market. These discussions provided attendees with valuable insights into the economic landscape and the opportunities available for expanding their financial strategies.
Commenting on the country’s economic outlook, the bank’s Head of FIC Research, Jeff Gable, noted that the country remains resilient in a turbulent world. East Africa region continues to lead the continent’s economic growth with Tanzania only behind Rwanda. He highlighted the flagship projects that are expected to continue to support long-term economic growth of the country; the SGR linking Dar to Mwanza port, EACOP covering 1443km and transport 216k, the 2GW Julius Nyerere hydropower plant, the Mchuchuma and Liganga coal Project, and the Lindi onshore LNG project.
“The economic landscape is shifting, and the businesses that succeed will be those that adapt and innovate. At Absa Bank, we are here to support your journey through this evolving environment, offering not only financial solutions but also strategic insights to help you make informed decisions.”, he concluded
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