Africa-Press – Tanzania. EQUITY Bank has officially launched the Wezesha Account, a new financial product aimed at helping small-scale traders, students, associations, institutions, and the private sector grow and protect their capital.
The account was launched today, February 11, 2026, in Dar es Salaam, in an event attended by various businesspeople. The launch was held under the theme “A Better Tomorrow Starts Today,” intending to transform lives by expanding financial investment opportunities, encouraging Tanzanians to achieve financial independence, and opening doors for economic development.
Speaking at the event, the Head of Retail, SME and Personal Banking, Theresia Mayanie, said the account can be used as collateral to secure loans. She explained that the bank aims to mobilize Sh2 billion through the account to provide loan services, particularly to businesspeople, enabling them to achieve their goals and contribute to national economic growth. She added that the account is also designed to empower Tanzanians to invest for future needs.
Mayanie further noted that the account promotes inclusivity by targeting various groups, including government institutions, the private sector, large, medium, and small clients, students, groups, youth, and individuals. She emphasized that Equity Bank continues to distinguish itself as an inclusive and innovative bank, and that the Wezesha Account was developed in line with that philosophy.
Additionally, she stated that the account offers an annual interest rate of 13 percent, paid monthly directly into the investor’s account, thereby providing a steady monthly income. The minimum investment amount is Sh500,000, with a three-year investment term. Upon maturity, the investor will receive the full principal amount along with the accrued returns.
On his part, Equity Bank’s Commercial Director, Prosper Nambaya, said the investment initiative is supported by strong financial discipline and effective capital management within the bank. He added that the Wezesha Account can be opened at all Equity Bank branches nationwide and that the bank is regulated by the Bank of Tanzania, with a mission to improve the lives of Tanzanians through financial services.
Meanwhile, one of the bank’s customers, George Kumbuka, commended Equity Bank for introducing the service, saying it will help citizens achieve their financial goals and contribute to the growth of the national economy.
