TIB Development Bank Limited was established in November 1970 initially by the Parliamentary Act, the Tanzania Investment Bank Act of 1970 with the main purpose of financing development with emphasis on industrialization of the country. TIB was able to fulfill its mandate with notable success in the setting up of textile, leather, paper and other processing industries until the macroeconomic instabilities of the 1980s when the country’s economy deteriorated.
The economic reforms of the 1990s highlighted the lack of long term funding as it was not offered by any of the commercial and financial institutions operating the country at the time. The Government therefore re-designated TIB as a Development Finance Institution (DFI) in 2005. The bank has completed the process of transformation into a DFI with an engagement focus centred primarily on infrastructure, industrialization (agro-processing, mining, and general manufacturing) oil and gas and services sector.
Company Details
- Employees
- 100
- Founded
- -
- Address
- Building No.3, Mlimani City Office Park, Sam Nujoma Road., Dar Es Salaam,kinondoni 00000,tanzania, United Republic Of
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- https://www.tib.co.tz
- Keywords
- Dar es Salaam.
- HQ
- Dar es Salaam, Kinondoni
Tib Development Bank Ltd Questions
Tib Development Bank Ltd's website is https://www.tib.co.tz
Tib Development Bank Ltd's LinkedIn profile is https://tz.linkedin.com/company/tib-development-bank-ltd
Tib Development Bank Ltd has
100 employees.
View email and phone details for 100
employees at Tib Development Bank Ltd.
Tib Development Bank Ltd's industry is
Financial Services
Tib Development Bank Ltd's top competitors are
Mwanga Hakika Bank Limited,
Aml Finance Limited,
Mkombozi Commercial Bank Plc,
Exim Bank (Tanzania) Limited,
Stanbic Bank Tanzania,
Letshego Faidika Bank,
Azania Bank Plc,
East African Development Bank,
Tanzania Agricultural Development Bank,
Nbc Tanzania.
Tib Development Bank Ltd's categories are Financial Services
Tib Development Bank Ltd's founding year is 1970
