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Access to finance among business barriers

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Orton, Jul 19, 2012.

  1. O

    Orton Guest

    Jul 19, 2012
    Joined: Jun 4, 2010
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    By Orton Kiishweko

    [FONT=&amp]Investment and Empowerment State minister Mary Nagu has said that one of the barriers in establishing businesses currently is the inability to secure credit from financial institutions.[/FONT]

    [FONT=&amp]"We have prioritised those highlighted areas, but financial institutions should also broaden their reach in giving out credit to our brave entrepreneurs," she said.[/FONT]

    [FONT=&amp]She said this in reaction to the newly released ‘ Business leader perceptions of the investment climate in Tanzania – 2011' report which cites access to finance as a challenge to starting or running business in the country.[/FONT]

    [FONT=&amp]University of Dar es salaam economist Dr Lenny Kasonga praised the findings noting that it was prudent for 2012/2013 to focus on the areas highlighted as impending business growth.[/FONT]

    [FONT=&amp]"We don't exactly have the best roads and if roads and communication structures are in place, they can cut down on the cost of operations ," he said.[/FONT]

    [FONT=&amp]He added, "We should engage the private sector and our government to ensure that these barriers are removed to improve the business climate."[/FONT]