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  • Exim eyes East African market

    Oct 13th, 2017

    <p>This was said by bank&rsquo;s head of Human Resources, Mr Frederick Kanga at the launch of its 33rd branch on the University of Dodoma (UDOM) Main Campus in the country&rsquo;s capitalDodoma.According to Mr Kanga, the expansion of Exim Bank operations in Dodoma were also to complement President John Magufuli&rsquo;s industrial policy as well as government decision to relocate its administration from the port city of Dar es Salaam to the semi-arid region of Dodoma.</p> <p>&ldquo;There are more than 25,000 students at the University. In addition the University hosts about eight ministries &hellip; all of which will need financial services,&rdquo; he said. &ldquo;This is just the beginning we&rsquo;re targeting to add more branches in the municipality as well as capture the EAC market.&rdquo;Exim, the fourth largest bank in Tanzania by market value has also a footprint in Djibouti, Comoros and Uganda. Mr Kanga however explained that expansion of the bank&rsquo;s operation in Dodoma is critical to the transformation of agriculture sector.</p> <p>&ldquo;We intend to further support effective production of the region&rsquo;s main crop--grape.&rdquo; Dodoma District Commissioner Ms Christina Mndeme speaking on behalf of the Regional Commissioner Mr Jordan Rugimbana said &ldquo;expansion of the bank was timely as the region expect to host numerous investors.&rdquo;&ldquo;We expect the service must be affordable for both the poor and the rich. There is a large group of people who are always not considered-- the informal sector such as the Mama Ntilies. It is in our expectation the bank will also consider their presence.&rdquo;According to the commissioner, industrialisation is coming to Dodoma so is the need for financial institution to be able to issue affordable loans to all the people.</p>


    Source: http://www.dailynews.co.tz/
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