DAR ES SALAAM: CRDB Bank and Sanlam Investments East Africa Limited (SIEAL) have entered into a strategic partnership to expand access to investment opportunities through the Sanlam Pesa Money Market Fund.
This collaboration aims to enhance financial inclusion by providing Tanzanians with an easy and secure way to grow their wealth through digital platforms and CRDB’s extensive network.
The partnership will enable individuals from all backgrounds including youth, women, entrepreneurs, and rural communities to invest with as little as 10,000/-.
This initiative provides an opportunity for those with lower incomes to start investing without requiring a large initial capital.
Through CRDB Bank’s branches, agency banking network (CRDB Wakala), and digital platforms such as SimBanking, customers will have seamless access to the Sanlam Pesa Money Market Fund. This move eliminates traditional barriers that have made investment inaccessible for many.
Speaking at the launch event held at CRDB Bank Headquarters in Dar es Salaam, the bank’s Acting CEO, Fredrick Nshekanabo, emphasized that the partnership aligns with the bank’s commitment to empowering Tanzanians financially.
“At CRDB Bank, we believe that wealth creation should be accessible to all. This partnership with Sanlam Investments East Africa simplifies the investment process, ensuring that more Tanzanians can secure their financial future through our banking and digital solutions,” he said.
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Sanlam Investments East Africa CEO, Jonathan Stichbury, noted that the fund is designed to provide competitive returns while ensuring capital security for investors.
“The Sanlam Pesa Money Market Fund creates an opportunity for every Tanzanian to grow their savings while maintaining easy access to their funds. Through our partnership with CRDB, we are breaking down barriers to investment and encouraging more people to participate in wealth creation,” he said.
By offering a secure and profitable savings option, the initiative is expected to improve the financial stability of Tanzanians and increase participation in capital markets, further driving economic growth.
