Commerce is flourishing economic activity with employment of over 7700 people. Mwanza residents who are engaged in various retail and wholesale trade within the formal and informal sector. The sector is becoming popular to most of the residents;almost everybody has some sort of a small retail shop.There are also about 215 intoxicated liquor dealers and about 65 local dealers in the Region. Among these major-trading entities are state owned corporations such as Tanzania Breweries Ltd, Agricultural, Building, Hardware and Household Supplies Co Ltd.There is much room for development and growth of Mwanza’s international export and import industry.There are few exporters mainly exporting fish and fishproducts, rice, scrap metal and timber to various countries.Importation is of variety of products that include textile goods processed foods stuffs beverages, medicines, spare parts, building materials, hardware, electrical goods and machinery.
The main country source of Mwanza’s imports is Kenya, Uganda, Taiwan, China, U.K, Korea, India,Democratic Republic of Congo and Belgium.The economic aid to this international import / export industry is well developed in Mwanza. Mwanza is home for several major banking institutions and zonal office for the National Insurance
Corporation Mwanza has surplus of adequate and privately owned warehouses.
As previously detailed, transportation in Mwanza is comprehensive across air, water and land.
Commerce goes hands in hands with Finance, people need to be financed,deposite,draw etc their finance in the financial institutions Due to Mwanza’s strategic geographical position and the favorable facilities, the region houses the major financial institutions of Tanzania. The Central Bank of Tanzania ( BOT ) assists the banking transactions of other banks.We have different commercial banks such as CRDB ,The National Micro Finance Bank (NMB),National Burau de Change, National Bank of Commerce (1997) Ltd ,The Tanzania Post Bank just to mention a few, there are also other financial institutions in the Region such as Pride, Finca etc which offer some loans to bustup the trade in the region.The banks have penetrated to the interiors at least each district has a bank branch. The banks in the region offer various services.
