Financial Services in Tanzania

The liberalization of the banking business in the early 90s and insurance business in the late 90s has attracted several players in the financial services sector, including world class banking institutions such as Barclays, Citibank, Standard Chartered, as well as regional banks such as ABSA and Standard Bank of South Africa.

The insurance sector has a number of regional players such as Jubilee, Royal, Lion and Phoenix. In total there are some 20 registered banks and similar institutions and 10 registered insurers.

PwC is the market leader in the provision of professional services to the financial services sector and has a team of professionals dedicated to the servicing of these clients.

Our clients, predominantly subsidiaries of international/global companies, include the majority of the registered banks, non-banking financial institutions and insurance companies.