Co-op Bank joins other big lenders in takeover binge

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Mr. Lawrence Nyasebwa Mafuru has been appointed to join CRDB Bank as an Independent Director. He will therefore be sitting in CRDB Bank Board Meetings as a Board Member.
Mr. Mafuru served as National Bank of Commerce Managing Director from June 2010 until December 2012. He also served as Tanzania Bankers Association Chairman from January 2010 until December 2012.
Mr. Mafuru now works in the President's Delivery Bureau (PDB) under the Big Results Now (BRN) initiative as the Director of...

The National Bank of Commerce (NBC) yesterday joined the list of commercial banks that offer mortgage financing services, a move meant to help Tanzania to reduce a serious shortage of decent houses that currently stands at three million housing units.

The fact that lenders are behind the failure of many start-up businesses should raise the red flag. Basically, lenders are meant to supplement the growth efforts of small-scale enterprises.

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IPPmedia
Tanzania denies report of ivory binge by Chinese officials amid Xi Jinping visit
South China Morning Post (subscription)
Tanzanian officials dismissed allegations by environmental activists that Chinese diplomatic and military staff went on buying sprees for illegal ivory while on official visits to East Africa. The country's foreign minister said the report by the Britain-based ...
Q&A: Report Alleges Governments' Complicity in Tanzanian Elephant PoachingNational Geographic
Report:...

The Fair Competition Commission (FCC) is this month expected to make a ruling on a request by Nakumatt Tanzania to take over operations of Shoprite Checkers Tanzania.