Tanzania Commercial Bank (TCB) has officially launched its TPA branch, which is housed in the port authority head office in the vicinity of Dar es Salaam harbour to mostly facilitate the collection of maritime government revenue.
TBC Chief Executive Officer Sabasaba Moshingi said during the launch of the branch 24 hours/seven that it’s strategically located at the TPA One-Stop Centre along Samora Drive specifically for tax collection but will also offer other top-notch services of the lender.
“The TPA branch is one of the two TCB outlets currently operating 24 hours every day throughout the year. It is strategically located to facilitate collection of government revenues at the Dar es Salaam Port, including tax remittances,” the seasoned banker stated.
According to him, the branch has been a success worthy investment that has so far paid off handsomely.
Since opening for business about two years ago, the TCB TPA Branch has facilitated the collection of government revenues amounting to nearly 100bn/-.
CEO Moshingi said so far the branch has managed to collect government revenues worth 57bn/- in local currency and 18 million US dollars in foreign exchange.
Briefing Mr Moshingi before he graced the official opening event, the TPA Branch Manager, Ms Anastela Kabudi, said that currently local currency monthly collections average between 1.5bn/- and 3bn/-.
She said on average the monthly forex revenue collections amount to over 500,000 US dollars.
Mr Moshingi said the 24/7 operational strategy seeks to enable TCB clients operating at the country’s prime port to easily access its services and conveniently make government payments throughout the day.
Another 24 hours TCB branch is located at the Julius Nyerere International Airport.
The TPA branch is also a financial inclusion investment, which Mr Moshingi said is being used to equally serve other enterprises and communities around it.
Currently, TCB has 82 branches that are supported by over 3,000 agents and 84 own ATMs as well as the 350 of the Umoja Switch Network.
