Dar es Salaam. Tanzania Commercial Bank (TCB) and technology firm Ramani.io have officially launched a strategic partnership aimed at strengthening domestic trade and accelerating financial inclusion.
The initiative is poised to bring transformative impact to the commercial sector, particularly by supporting small and medium-sized enterprises (SMEs), entrepreneurs, and micro-businesses.
The partnership was formalised during a Memorandum of Understanding (MoU) signing ceremony held today, April 9, 2025 in Dar es Salaam.
The agreement sets the stage for a concerted effort to bridge technological and financial gaps that have long hindered the growth of local businesses.
Speaking during the ceremony, Chief Digital and Innovation Officer at TCB, Mr Jesse Jackson said the agreement is crucial in the bank’s commitment to fostering partnerships that promote inclusive economic growth.
“Tanzania Commercial Bank believes in building strategic collaborations. This partnership with Ramani.io will enable us to reach more business operators efficiently, helping them grow and jointly contribute to the development of the national economy,” he said.
Chief Executive Officer and Co-founder of Ramani.io, Mr Iain Usiri, described the alliance as a landmark step in redefining innovation within the financial services landscape.
“This partnership between TCB and Ramani.io sets a new standard for innovation and cooperation in the sector. It exemplifies how improved access to financial solutions can catalyse the growth of local businesses, while reaffirming our shared commitment to developing a more inclusive and sustainable economy in Tanzania,” he remarked.
The collaboration will leverage Ramani.io’s cutting-edge supply chain and distribution technologies in conjunction with TCB’s comprehensive financial services and extensive branch network.
The joint objective is to simplify access to capital, enhance operational efficiency, and facilitate sustainable business expansion for Tanzanian entrepreneurs.
Stakeholders anticipate that the initiative will unlock new growth opportunities, mitigate systemic inefficiencies, and ultimately contribute to the broader goal of financial empowerment across the country.
