Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Tanzania’s banking sector has reached a new profitability milestone, but the surge in earnings is renewing debate over whether stronger bank balance sheets are translating into more affordable financial services for customers.
An analysis of financial statements from 15 Tier One banks shows combined net profit increased by 14.8 percent to Sh1.33 trillion in the six months ending June 2026, up from Sh1.16 trillion recorded in the previous year.
