NIC Bank Tanzania receives TZs 8.5Billion capital boost:Funds to support the Bankís lending capacity targeted at Corporate and SME market

NIC Bank Tanzania will benefit from Tzs 8.5 Billion of additional capital from the Bank’s shareholders. The funds will be disseminated in two tranches of Tzs 5.8B with the injection of additional capital from NIC Bank Kenya already done in December 2013, with the Tzs 2.7B balance from the other local shareholders of NIC Bank Tanzania expected within a period of 6 months but no later than June 2014.


“A growing financial need in this market has required that NIC Bank Tanzania further grow...

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5 years ago

TheCitizen

NIC Bank secures Sh8.5bn capital boost

NIC Bank Tanzania has received Sh8.5 billion additional capital from its shareholders as the four-year old financial entity seeks to augment its lending capacity to incorporate Small and Medium Enterprises (SMEs) customer segments.

 

5 years ago

Michuzi

IFC and CRDB Bank commit to support SME and agribusiness sectors in Tanzania

Dr. Charles Stephen Kimei, Managing Director of CRDB Bank Group, speaks during a landmark $75 million loan agreement signing ceremony with the International Finance Corporation (IFC) aimed at providing support to small businesses, particularly those owned by women, as well as to farmers and agribusiness in Tanzania held at the IFC headquarters in Washington DC on Friday April 11, 2014 in the sidelines of  the World Bank-IMF Spring Meeting. The IFC, a member of the World Bank Group, on...

 

5 years ago

GPL

IFC AND CRDB BANK SIGN LANDMARK $75 MILLION LOAN AGREEMENT, COMMIT TO SUPPORT SME AND AGRIBUSINESS SECTORS IN TANZANIA

   Mr Sunday Shomari of VOA's Swahili Service (left) chats with senior officials from the Treasury before the signing ceremony of  a landmark $75 million loan agreement signing ceremony with the International Finance Corporation (IFC) aimed at providing support to small businesses, particularly those owned by women, as well as to farmers and agribusiness in Tanzania held at the IFC headquarters in Washington DC on Friday...

 

3 years ago

AllAfrica.Com

Tanzania: President Magufuli's 100 Days in Office - CRBD Bank, IMF Support Government Decision to Move Funds to ...


Tanzania: President Magufuli's 100 Days in Office - CRBD Bank, IMF Support Government Decision to Move Funds to ...
AllAfrica.com
In response to the Government's letter of intent sent late last year, the International Monetary Fund (IMF) has praised the improved monitoring of public entities by Treasury Registrar (TR) saying it was a "welcome move". One of the aspects of close ...

 

2 years ago

TheCitizen

Tanzania eyes Sh2.5 trillion World Bank lending

Talks between Tanzania and the World Bank are going on to secure $1,150 million (Sh2.5 trillion) for financing infrastructure projects.

 

2 years ago

The Star, Kenya

Tanzania central bank asks commercial banks to cut lending rates


The Star, Kenya
Tanzania central bank asks commercial banks to cut lending rates
The Star, Kenya
Tanzania's central bank has asked commercial banks to consider lowering their lending rates to help spark credit growth in east Africa's second-largest economy. Bank of Tanzania cut its discount rate to 12 per cent from 16 per cent effectively from ...
Tanzanian doctors against Kenyan Ministry plans to employ themCoastweek

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3 years ago

TheCitizen

ECONOMICS MADE SIMPLE : Economic foundations of bank lending interest rates in Tanzania

Now and then there have been calls for banks to reduce lending interest rates. The calls have been mainly coming from politicians. This is based on the fact that lending interest rates in the country’s financial institutions are rather high in absolute terms and in relation to deposit interest rates.

 

4 years ago

TheCitizen

Bank lending to agriculture falls, says BoT

Dar es Salaam. Despite the fact that agriculture is Tanzania’s economic mainstay, its financing is still a challenge with recent data showing that commercial banks are reducing their loans to the sector.

 

3 years ago

TheCitizen

China bank lending up $385m in one month

China’s bank lending surged to a record 2.51 trillion yuan ($385 billion) in January, official figures showed yesterday, as credit gushed to help boost the flagging economy.

 

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