Dodoma; 12th, September, 2019: Dodoma Regional Commissioner (RC), Dr Binilith Mahenge has asked businesspeople in the country’s capital—Dodoma, to acquire loans from financial institutions so that they can boost their business especially now when the city is growing rapidly.
In his speech read on his behalf by Dodoma City Council Director, Godwin Kunambi during the official launching of the business club by the National Bank of Commerce (NBC), apart from commending NBC for the initiative, The RC said there was a need by businesspeople in Dodoma to capitalize on financial institutions so that they can have financial strength to help them to benefit from the country’s economic opportunities.
Currently, the regional authorities are implementing various robust development projects including roads, the largest bus stand in East African region, expansion of Dodoma airport, construction of resting gardens which will have a higher capacity of financial flows thus helping people to use banks effectively including NBC so as they can double their capital which will help them to invest more in various businesses.
The RC further advised businesspeople to invest in the transport sector, explaining that Dodoma City Council is now planning to phase out all minibuses in the city to allow only operators of larger buses popularly known as Coasters.
Giving details on the newly launched business club in Dodoma region, NBC head of SMEs, Evance Luhimbo said the business clubs that are being established in various regions aim at providing capacity building to NBC customers including the various technological improvements within the financial institution.
He said that also the clubs help NBC customers in networking with other businesspeople as well as discussing the various challenges they are facing including various taxes.
“Our bank has embarked on robust service delivery improvements to our customers and in order to make our services nearer to people we have decided that we should remain closer to them,’’ he noted.
According to Mr Luhimbo, apart from equipping the customers with skills on how best to access the services, the bank has equally been connecting the businesspeople with all influential public institutions such as The Tanzania Chamber of Commerce, ministries of Agriculture and that of Industries and Trade, the National Economic Empowerment Council (NEEC) and TCCIA, among others.
In his presentation during a validation workshop prior to official launching of the club, TCCIA Manager for Industrial Development, Patrick Magai and NEEC Coordinator of Empowerment Programmes, Nyakaho Mahemba advised small businesspeople to merge their capital so that they can be able to participate in major business opportunities inside and outside the country.
Speaking on behalf of fellow participants at the workshop, a businessman Mr Ponsian Rweyemela commended NBC for its sweeping changes in the administration, advising the bank and other financial institutions to increase ATM machines in Dodoma region insisting that since it was elevated to city status the population has so far been increasing rapidly.
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