NIC Bank Tanzania receives TZs 8.5Billion capital boost:Funds to support the Bank’s 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.

Michuzi

Habari Zinazoendana

11 years ago

TheCitizen

19 Feb

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.

 

11 years ago

Michuzi

12 Apr

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...

 

11 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...

 

9 years ago

TheCitizen

24 Dec

CTI: Tanzania needs industrial bank to address capital woes

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

 

10 years ago

TheCitizen

16 Apr

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.

 

5 years ago

Michuzi

TAARIFA YA KUUNGANA KWA BENKI YA NIC TANZANIA NA BENKI YA COMMECIAL BANK OF AFRICA TANZANIA

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...

 

5 years ago

Financial Times

29 Mar

EU backs bank rule delay to spur crisis lending

EU backs bank rule delay to spur crisis lending  Financial TimesS. Korea to implement new global bank capital rules in Q2  The Korea HeraldView Full coverage on Google News

 

10 years ago

Michuzi

13 Nov

Ecobank, first bank to support Malaria prevention in Tanzania

Ecobank the pan-African bank celebrated its 27th year of operating in Africa through the annual celebrations, Ecobank Day held on the 8th November 2014. The celebrations, commemorated through Corporate Social Responsibility initiatives, this year focused on the theme Malaria, Dengue and Ebola: Prevention is Better than Cure. Ecobank Tanzania commemorated this anniversary in the Bonde la Mpunga area of Masasani ward, Dar es Salaam at an event graced by the Msasani ward Councilor Hon....

 

11 years ago

Michuzi

06 Mar

Bank of Africa Tanzania and European Investment Bank ink partnership

Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA signing of MOU between the two parties to unlock Euros 7 M in Tanzania.  Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA exchange documents after signing of MOU between the two parties to unlock Euros 7 M in...

 

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