EU backs bank rule delay to spur crisis lending

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...

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.

EU ministers approve plans to establish a naval force to combat people-smugglers operating from Libya.

>The second round of peace talk between the South Sudan rivals to end the political crisis that led the country to civil war, failed to begin on scheduled in Addis Ababa on Wednesday.

The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.

OakNorth: The Agile Bank Getting Money To Small Businesses In The Coronavirus Crisis  Forbes

World Bank Group President Jim Yong Kim.

Significant new assistance planned for hardest-hit countries

Following alarming evidence of the spread of the Ebola epidemic in West Africa, the World Bank Group today announced that it will nearly double its financing to $400 million to help the worst-affected countries address the emergency and build stronger health systems for the years ahead

This represents $170 million in new funding. With today’s announcement, the Bank will put $230 million...

Let rule of law rule
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AFTER reportedly causing mayhem in Dar es Salaam on Friday, police have ultimately arrested 36 people believed to be behind the incident. The news comes at a time when the public has been blaming the police force of inaction, that they did little when the ...

The Bank of Tanzania (BoT) is working on an application to allow commercial banks start offering loans through mobile platforms.