NBC Bank strengthens business knowledge on foreign currency markets
NBC Bank’s Head of Global Markets Sales, Ms Juliana Mwapachu (pictured holding the microphone), delivers a special presentation on the state of Tanzania’s foreign exchange markets during the South African Business Forum (SABF) held in Dar es Salaam over the weekend. The session was designed to equip participants with deeper knowledge and sharper decision-making skills to support informed choices in foreign currency transactions and investment strategies. NBC Bank served as the event’s principal sponsor.
Dar es Salaam. The National Bank of Commerce (NBC) has organised a high-level educational session for Tanzanian and South African business operators, focusing on the dynamics of foreign currency markets and the prevailing economic outlook in Tanzania.
The programme was designed to provide participants with advanced knowledge and practical insights to enable informed decisions on foreign currency acquisition and international investments.
The event was held in Dar es Salaam during a meeting of the South African Business Forum (SABF).
Addressing the forum, the Head of Global Markets Sales at NBC, Ms Juliana Mwapachu, delivered an in-depth presentation on Tanzania’s foreign exchange environment and its impact on cross-border business.
Ms Mwapachu stressed that businesses risk incurring substantial financial losses if they engage in currency transactions without considering underlying economic indicators.
“This session is a continuation of our efforts as a leading financial institution to serve the business community between Tanzania and South Africa,” said Ms Mwapachu. “Our goal is to empower operators to align their operations with the frameworks of financial institutions and regulators, thereby avoiding preventable challenges.”
She also presented a detailed review of Tanzania’s 2025 economic performance while projecting trends for 2026. “With a sound understanding of currency market movements, business leaders can identify the best timing and approach for purchasing and exchanging foreign currencies, mitigating losses from volatility,” she explained.
Ms Mwapachu further noted that NBC’s commitment goes beyond foreign exchange services, with the bank continuing to provide tailored advisory support to businesses engaged in international trade.
The gathering brought together SABF members, institutional representatives, officials from the South African Embassy in Tanzania, and NBC executives, with the bank serving as the main sponsor.
The Chairman of the South African Business Forum in Tanzania, Mr Manish Thakrar, praised the initiative as highly beneficial, particularly for importers dealing in foreign currencies.
“This education is immensely valuable to us, especially at a time when the US Dollar has depreciated by nearly 200 Tanzanian Shillings,” said Mr Thakrar. “It is the right moment for businesses to optimise trade, which will in turn boost our economy.”
Mr Thakrar also called on the government to intensify measures aimed at stabilising the Tanzanian Shilling against major currencies, especially the US dollar, to secure long-term business growth and ease inflationary pressures on imported goods.
