Tanzania Vice President urges banks to embrace AI, boost cybersecurity
The Vice President of the United Republic of Tanzania, Dr Philip Isidor Mpango (centre), arrives at the CRDB Bank Shareholders’ Seminar ahead of the Bank’s 30th Annual General Meeting, taking place at the Arusha International Conference Centre (AICC). Accompanying him are the Chairman of the CRDB Bank Board of Directors, Dr Ally Laay (left), and the CRDB Bank Chief Executive Officer, Abdulmajid Mussa Nsekela.
Arusha. Vice President Dr Philip Mpango has urged Tanzania’s financial institutions to embrace Artificial Intelligence (AI) and invest in modern technologies as a means to cut costs, boost inclusion and enhance customer experience, while also stressing the need for stronger cyber protection.
Speaking on Friday, May 16, 2025, at the opening of the CRDB Bank shareholders’ seminar in Arusha—held ahead of the bank’s Annual General Meeting (AGM) that is slated for Saturday, May 17—Dr Mpango said the use of AI in the banking sector could be a game-changer, particularly in reaching rural and financially excluded populations.
