Africa Matters

TAMFI, German based SBFIC in a new capacity building venture

Dar es Salaam: The Tanzania Association of Microfinance Institution (TAMFI) has embarked on a new programme to build the capacity of the country’s microfinance sector to lead it into new growth heights. Over 50 institutional members of the body, which include small and big microfinance institutions across the country, will benefit from the cooperation project between TAMFI and the…

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Farmer Organizations Forum links farmers to markets and financial services

Forum Helps Farmer Organisations Scale-up Food Production JOHANNESBURG, South-Africa, November 26, 2012/ — The Alliance for a Green Revolution in Africa’s (AGRA) (http://www.agra-alliance.org/who-we-are) Farmer Organisation Support Centre in Africa (FOSCA) programme in collaboration with the Southern African Confederation of Agricultural Unions (SACAU) (http://www.sacau.org) is hosting a forum from 26 to 28 November, 2012 at the Birchwood Hotel and Conference…

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NBC records 2012 second quarter profit before tax Tsh 5.9bn

NBC’s POSITIVE OUTLOOK FOR THE QUARTER ENDED 30TH SEPTEMBER 2012 Dar es Salaam: NBC remained resilient in its performance turning around after a difficult first half of the year to deliver and impressive performance for the quarter ending 30th September 2012. The bank recorded a profit before tax of TZS 5.9bn compared to a loss of TZS 20.0bn recorded…

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President Kikwete to officially launch the Mwalimu Nyerere Memorial Scholarship Fund

President Jakaya Mrisho Kikwete is expected to officially launch the “Mwalimu Nyerere Memorial Scholarship Fund”, which was established by the Bank of Tanzania (BoT) in 2009 in Arusha next week. The event will take place during the BoT’s 16th Conference of Financial Institutions (COFI) which starts from 26th to 27th of November 2012, at the Arusha International Conference Centre…

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Stanbic Bank Tanzania unveils festive promotion

Dar Es Salaam November 14th 2012- Stanbic Bank Tanzania, one of the leading international banks in Tanzania has today unveiled a number of promotions that will enable its customers save money during the festive period. Speaking during the launch of the promotion at the Bank’s headquarters in Dar Es Salaam; the Stanbic Bank Head of Marketing and Corporate Affairs…

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BRITEN says agrodealers are a critical link in the agricultural input distribution chain

Agrodealers are a critical link in the agricultural input distribution chain and they play an important role in supporting the smallholder farmer to commercialize. “Agrodealers are located nearer the farmer and provide a range of goods and services. Agrodealer Associations serve as an important tool in fighting counterfeit agricultural inputs reaching the farmer and it is important that the…

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Stakeholders join hands to push banks from old ATM cards to high security chip and pin card technolo

Nairobi, Kenya 6, November 2012: Stakeholders in the Kenya plastic money industry including MasterCard, regional card processor Paynet and global security printer De La Rue have launched a campaign in Nairobi dubbed “the great migration to EMV”. The campaign aims at encouraging Kenyan banks to abandon the old magnetic stripe platform used for ATM, credit and debit cards and…

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Shared benefits require bold economic reforms in Africa

KIGALI, Rwanda,** November 3, 2012/ *– *Participants at the closing session of the seventh African Economic Conference , on November 2, 2012 in Kigali, Rwanda, urged African leaders to put in place bold economic reforms, aimed at sustaining growth and boosting human development. **** ** ** ** ** The four-day conference highlighted the need for policy-makers to create diversified…

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new chair for Family BANK,

*Nairobi, November 2, 2012:** *Family Bank has today announced the stepping down of Mr. Titus K. Muya, its founder and long serving Chairman and the appointment of renowned management guru and philanthropist, Mr. Wilfred D. Kiboro as his successor effective 1st of January 2013. Mr Kiboro has already joined the Board of Directors as a non- executive director. Addressing…

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EQUITY BANK TANZANIA IS LAUNCHED

*31st October, 2012 Dar es Salaam*… Equity Bank Group has officially launched operations in Tanzania as it seeks to enhance its market share within the East African region while replicating its successful business model. The launch saw the unveiling of their head office in Dar es Salaam today in a ceremony presided over by Hon Janet Mbene, Deputy Minister…

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