{"id":20847,"date":"2020-12-30T20:52:02","date_gmt":"2020-12-30T20:52:02","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=20847"},"modified":"2020-12-30T19:21:17","modified_gmt":"2020-12-30T19:21:17","slug":"build-local-foreign-investors-confidence","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence","title":{"rendered":"\u2018Build local, foreign investors confidence\u2019"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>THE Minister of State in the President\u2019s Office (Investment), Prof Kitila Mkumbo has directed TIB Development Bank to stick on building local and foreign investors\u2019 confidence in using domestic financial services for the growth of private sector.<\/p>\n

\u201cSupport private informal sector to formalise and get access to loans so that they can grow through innovative ways of doing business and promoting the financial sector which is not yet well utilized,\u201d said Prof Mkumbo during the familiarization tour at the TIB Development Bank in Dar es Salaam yesterday.<\/p>\n

He added that the financial sector should be promoted to take active role in economic uplift as most of the businesses in the country were spearheaded by agriculture and hospitality industry alone.<\/p>\n

\u201cIt is, therefore, your role to ensure that local businesses in the country are formalised as a way of growing up and qualifying to access financial services for the financial sector to take major part in investment.\u201d<\/p>\n

For his part, the TIB Development Bank\u2019s Managing Director Mr Charles Singili, told the minister that his bank has so far disbursed more than 600bn\/- loans to 40 development projects which are playing part in industrialization drive.<\/p>\n

He said that of the invested amount, 75 per cent of the projects were in the private sector, and the remaining 25 pc were in the public sector and most of them were long term projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. THE Minister of State in the President\u2019s Office (Investment), Prof Kitila Mkumbo has directed TIB Development Bank to stick on building local and foreign investors\u2019 confidence in using domestic financial services for the growth of private sector. \u201cSupport private informal sector to formalise and get access to loans so that they can […]<\/p>\n","protected":false},"author":84,"featured_media":20846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6990,6991,711],"class_list":["post-20847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\n\u2018Build local, foreign investors confidence\u2019 - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Minister of State in the President\u2019s Office (Investment), Prof Kitila Mkumbo has directed TIB Development Bank to st ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Build local, foreign investors confidence\u2019\" \/>\n<meta property=\"og:description\" content=\"THE Minister of State in the President\u2019s Office (Investment), Prof Kitila Mkumbo has directed TIB Development Bank to st ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-30T20:52:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/img-5fecd30d5e345.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u2018Build local, foreign investors confidence\u2019\",\"datePublished\":\"2020-12-30T20:52:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence\"},\"wordCount\":237,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/img-5fecd30d5e345.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/build-local-foreign-investors-confidence\",\"name\":\"\u2018Build local, foreign investors confidence\u2019 - 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