On Saturday 31st January, I&M Bank staff, alongside the CEO and Managing Director Mr. Zahid Mustafa came together in Tundwi Songani - Kigamboni to plant 20,000 mangrove seedlings, reinforcing our commitment to climate action and community resilience.
Mangroves are critical to protecting coastlines, supporting marine life, and storing carbon, making their restoration both an environmental and community investment.
This initiative reflects how I&M links financial inclusion with environmental responsibility, with one mangrove tree planted for every 100 women financed, connecting inclusive finance with climate action.
The activity was delivered in collaboration with our Friends of I&M, including A
frican Transformative Initiative (ATI) and Sustainable World Initiative (SWI), with valued support from the Tundwi Songani community, local government authorities, and Tanzania Forest Services.
On 1st October 2025, I&M Bank Tanzania proudly celebrated 15 years of operations in Tanzania by launching the first World Elite Debit Mastercard in the country, in partnership with Mastercard.
The exclusive event, held at the prestigious Hyatt Regency Dar es Salaam, was graced by distinguished guests, including Mr. Thomas Mwongela, Senior Representative from the Bank of Tanzania, and Mr. Shehryar Ali, Senior Vice President and Country Manager for East Africa & Indian Ocean Islands at Mastercard.
“Our customers deserve more than a card—they deserve value, reliability, and global access,” said Zahid Mustafa, CEO of I&M Bank Tanzania, during the unveiling of the bank’s innovative Mastercard products.
The World Elite Debit Mastercard offers unparalleled benefits for our high-net-worth customers, including Complimentary access to over 1,300 airport lounges across 70+ countries, 30% discounts at more than 100 select golf clubs worldwide Comprehensive travel insurance covering delays, baggage loss, and trip disruptions.
In addition, we introduced two other premium products:
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The Prepaid Platinum Card, supporting up to 8 currencies for seamless international travel
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The Mastercard Gold Debit Card, designed to deliver everyday value and convenience for our customers.
This milestone marks a significant step in our journey to provide world-class banking solutions and elevate the customer experience in Tanzania.
As part of the 10 years anniversary celebrations, I&M Bank Tanzania handed over a donation of 100 desks and chairs to Mrisho Gambo Secondary School in Arusha. The handing over event was held in Arusha on January 16th, 2020 and graced by Minister of Education, Science, Technology and Vocational Training, Hon Prof. Joyce Ndalichako in the presence of Arusha Regional Commissioner, Hon. Mrisho Gambo and other regional leaders.
Speaking at the handing over event, I&M Bank Tanzania CEO, Mr. Baseer Mohammed said that the donation of 100 desks and chairs worth TZS 10 Million is a clear testament to the Bank’s continued determination as an institution not only in delivering convenient and reliable services but also ensure that it contributes in the welfare of the society in the markets that it operates.
As part of its Corporate Social Responsibility (CSR) initiatives, I&M Bank donated TZS 10 Million to underprivileged children who are required to undergo heart surgery but they could not afford the required contributions. About 500 children were in need of surgery whereby every child requires a minimum of TZS 2 Million for the required surgery.
The donation was handed over on Friday 13th December 2019 to Jakaya Kikwete Cardiac Institute in the presence of Hon. Paul Makonda the Regional Commissioner for Dar es Salaam who is championing the exercise of mobilizing funds to help those children.
