geo/tanzania
EFTA is the first company in Tanzania which is seeking to employ financial leasing to boost employment levels in the country and to bring business growth opportunities to the so called missing middle.
Right.
Would you agree with the assertion that the poor have been hitherto stocked with micro credit whilst the SME sector has been starved?
The 5th African Islamic Finance Summit aims to provide an excellent opportunity for the inhabitants of African countries and the rest of the world to develop strong knowledge of Islamic banking and finance procedures. This event will provide practical insights into:
A new nationally representative phone survey conducted by CGAP in Tanzania examines whether the digital credit phenomenon is living up to this hype. They interviewed more than 4,500 Tanzanians, including 1,132 digital credit users, to understand who is using digital credit, how it fits into borrowers’ portfolios, and what risks are emerging. Their findings suggest that while borrowers are using digital credit to meet everyday needs, few turn to it for emergencies.
Improving staple crop production is widely viewed as crucial for increasing food security and reducing poverty in sub‐Saharan Africa (SSA). However, smallholder households in SSA who cultivate maize and other grains face two major post‐harvest challenges. First, pests cause post‐harvest loss of up to 30 percent during storage, resulting in the household having less grain to sell and consume later in the year. Second, grain prices are almost always lower at harvest than later in the season.
SME Finance Forum member FINCA, is collaborating with the Mastercard Foundation in organizing a one-day learning and networking event. At this event, FINCA will share insights and learnings from its four-year partnership with the Mastercard Foundation deploying alternative delivery channels in Malawi, Tanzania and Zambia. This learning event is being organized with support from Frontline Porter Novelli.
The African Development Bank (AfDB) is continuing its endeavour to grow the small and medium-sized enterprise sector in the East African region with a new loan agreement with CRDB Bank Plc of Tanzania.
CRDB will receive $120 million Line of Credit (LoC) to fund SMEs across the agriculture, construction, manufacturing, education and services sectors.
The loan will also go towards infrastructure development focusing on the power and transport sectors, a key constraint for Tanzania’s economic diversification and growth.
The National Microfinance Bank (NMB) has once again won Euromoney award as the Best Bank in Tanzania given by the global financial markets magazine - Euromoney. The Euromoney awards, now in their 25th year, provide a benchmark for levels of service and financial performance across the banking industry. "It is a great honour to be recognised by Euromoney for the work we have done.
A robust and vibrant SME sector stimulates the economy and contributes to a wide range of economic development goals. Business Standard writer, ABDUEL ELINAZA interviewed Dr Hildebrand Shayo, a senior economist with TIB Development Bank on what environment SMEs need to guarantee efficient use of local available resources to boost growth.
NMB is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, as well as large businesses.
