BoA Tanzania reaffirms commitment to help SMEs

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SME Times News Bureau | 27 Apr, 2012
Reaffirming its commitment to develop the Small and Medium Enterprises (SMEs), Bank of Africa Tanzania has said that promoting the sector will help attain socio-economic development in the country.

"We are committed to developing the country's SMEs sector," BoA Tanzania's Managing Director, Mr Ammish Owusu-Amoah is quoted by a media report on Thursday. He added that it is SMEs that ultimately leads to big businesses in any country.

During a breakfast meeting prepared by the bank for its SMEs clients in Dar es Salaam on Wednesday, he said getting first hand information from SMEs about challenges and concerns would help the bank to improve its services.

The official stated that the bank had plans to open five more branches before mid next year as part of strategies to serve more SMEs in the country.

BoA Tanzania is a part of Bank of Africa Group, which operates in 15 countries, of which 7 are in West Africa (Benin, Burkina Faso, Ghana, Ivory Coast, Mali, Niger and Senegal); 6 in East Africa (Burundi, Djibouti, Kenya, Madagascar, Tanzania and Uganda).