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TIB to build business complex for entrepreneurs

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Kimbori, Oct 4, 2012.

  1. Kimbori

    Kimbori JF-Expert Member

    Oct 4, 2012
    Joined: Feb 21, 2012
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    Tanzania Investment Bank (TIB) has
    signed a Memorandum of Understanding
    (MoU) with the Mwanza City Council
    which will see the construction of
    effective market infrastructure and well
    planned human settlements.

    Speaking to reporters shortly after the
    signing ceremony held at the newly
    launched TIB’s Mwanza Branch and Lake
    Zone offices, TIB Managing Director Peter
    Noni said the agreement aims at helping
    young entrepreneurs have conducive environment for production and business
    operations which will improve the
    income of Mwanza residents.

    "As a development bank, we are ready to
    partner with other stakeholders to
    support development projects here at the
    Lake zone. The agreement we have just
    signed with Mwanza City Council will
    enable us to come up with and implement different development
    projects which will include construction
    of market infrastructure," said Noni. He mentioned that among projects which
    will be funded by the bank, according to
    the agreement, includes; surveying land
    that can be used to set up industrial area,
    markets, schools and residential areas,
    something that will give Mwanza residents a chance to get plots with all
    social services like electricity, water and
    roads. "With this agreement, we as a bank are
    trying to reduce the cost of starting a
    business for our small scale entrepreneurs
    because they will not be pressed to buy
    land, construct a building for his small
    industry, provide residential permits and other many requirements that have been
    hindering many small scale

    This is to enable
    entrepreneurs with little capital to
    establish their own businesses. I believe
    this agreement will help create more jobs for young people," Noni said. Speaking at the occasion, an economist at
    Mwanza City Council, Patrick Kilango said
    as bank’s stakeholders, they intend to
    work closely with TIB to facilitate access
    to social services and create enabling
    business environment for Mwanza residents to carry out their economic
    activities and raise their incomes.

    "Improved infrastructures will make it
    easier for people to be self employed;
    meaning if we have improved markets
    and essential utilities, we can construct
    industrial shades which will help our
    entrepreneurs carry out their production activities," added Kilango. Kilango mentioned that it is the Council’s
    wish to see that petty traders, popularly
    known as Machingas, improve on how
    they operate their businesses in a way
    that it is transformed to be sustainable. "We consider the coming of TIB here as a
    blessing because we will be able to get a
    long term development loan with a much
    less interest compared to other
    commercial banks. With such loans,
    which are also paid after a long period of time, we will be able to consider creating
    a better working environment for the
    machingas in Mwanza," he said. SOURCE: THE GUARDIAN
  2. Kimbori

    Kimbori JF-Expert Member

    Oct 4, 2012
    Joined: Feb 21, 2012
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    Mchikichini Machinga Complex, established under hot politicla force, proved failure. No one dare to talk openly how NSSF will be refunded about 40+ Tsh. Billions.
    Let's wait Mwanza Complex, which is under, economists.
  3. Mwanahisa

    Mwanahisa JF-Expert Member

    Oct 5, 2012
    Joined: Jun 29, 2012
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    TIB as an entity and very keen on INVESTING sidhani kama wataenda kisiasa ukilinganisha na Machinga complexity ya mchikichini yakutojua hata nature ya huyu mfanya biashara sio kukaa chini na kungoja wateja, yeye anatembea kuwafuata wateja ndio maana anaitwa matching guy au chinga. NSSF kurudisha billion zao pale labda wafungue GUEST house tena kue na discount kwa short time clients.