Tanzania Postal Bank (TPB) again appealed to
entrepreneurs and investors to come forward and take loans from it and
investment on 'flourishing opportunities' in Mwanza City.
The remark was made here by Tanzania Postal Bank (TPB) Chief
Executive Officer, Mr Sabasaba Moshingi, saying the bank is in a good position
financially, and only what they require are investors processing their papers
effectively and getting funds to invest in the city.
He urged traders and investors to see the importance of
exploiting the chance in order to transform the economy from solely relying on
agriculture to industries by 2025.
While making a presentation on the importance of loans from
the financial institutions at the Mwanza Business Forum, he said NMB bank will
soon list its shares in the Initial Public Offering (IPO), and urged the
residents of Mwanza to buy them, when listed as part of investment.
He pointed several benefits from the institution, including
marketing a number of its products on 'Group Lending' which has been designed
to financially support Small Scale Entrepreneurs (SSE) to grow in the business.
On his part, NMB bank's Acting Head of Corporate, Mr Nsolo
Mlozi, said the Business Forum will continue to enlighten the public on the
role of financial institutions in the country. He said his bank is fully
prepared to ensure that business and investment flourish in the area with their
support, besides opening up other branches there.
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