Dr Mpango was speaking during an official launch of the TIB board of directors in Dodoma last week. According to Dr Mpango, board of directors played a significant role in the establishment and developing of the country’s economy in the past.
He said, likewise, TIB board of directors should focus on supporting the establishment of textile, leather, paper and many other industries across the country. He said TIB board of directors must ensure the bank is heading to the right direction by recording good performance in various areas including supporting development of industries in the country.
“I would like to ask you to support the bank to record good performance. This bank must support development programmes in all spheres,” he said.
He said the government expects TIB to bring positive economic changes by supporting development of industries and thus reduce exportation of raw materials and importation of manufactured goods from abroad.
Dr Mpango said TIB board of directors must come up with new ideas that will stimulate job creation from various development projects.
“I personally believe that this board will come up with strategic ideas and plans to help the country to move forward, we expect the board to help those with low capital to get support and expand their businesses,” he noted.
“The government is ready to receive advices from the board that will help to bring positive economic changes,” Earlier, TIB acting executive director, Mr Charles Singili said there were many challenges that face the bank and customers. He mentioned them as too much bureaucracy, lack of capital and many others.
The new board chairman, Prof Palamagamba Kabudi said his team will exercise professionalism and make sure it meets the government’s expectations.
He promised the minister that they will work hard in a very professional manner to meet government expectations.
Daily News
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