NIC Bank secures Sh8.5bn capital boost

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...

The Exim Academy, a training hub for Exim Bank Tanzania launched last year, has been recognised by the International Organisation for Standardisation (ISO).

>CRDB Bank has received yet another boost that will help it in providing financial support to small businesses in the country.

Sh13.5bn project to boost cancer check in children  The Citizen Daily

Last month, the government published relaxed rules on foreign investors’ participation on the Dar es Salaam Stock Exchange (DSE).

>Uchumi Commercial Bank (UCB) will increase its capital base to Sh7 billion by 2017 from Sh2.5 billion at present, the chairman of the board Wilson Ndesanjo disclosed at the weekend.

Lack of capital has been the biggest hurdle holding back local businesses

An industrial bank is needed to address capital woes among manufacturers, it has been proposed.

KUUNGANA KWA BENKI YA NIC TANZANIA NA BENKI YA COMMECIAL BANK OF AFRICA TANZANIA KUUNDA BENKI MPYA YA NCBA TANZANIA LIMITED KUANZIA TAREHE 8 MWEZI JULAI, 2020

Kibali cha kuungana kutoka kwa mamlaka husika tayari vimeshapokelewa

Benki ya NIC Bank Tanzania Limited (NIC) na benki ya Commercial Bank of Africa (Tanzania) Limited (CBA) imeshapokea vibali vyote kuungana na kuanza kutoa huduma kuanzia tarehe 8 mwezi Julai mwaka 2020 kama benki ya NCBA Bank Tanzania Limited.

Uunganaji utafanyika kwa...