Exim Bank
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EXIM BANK EMBARKS ON DRIVE TO
SUPPORT FINANCIAL INCLUSION

Support To Financial Inclusion

EXIM Bank Tanzania is aggressively implementing its plans to fully support government’s financial inclusion initiative, by reaching unbanked individuals across the country and giving them light on the benefits of using banking services for economic growth.

This was evidence by its move to participate in the second Tanga International Trade Fair (TITF), using it as a platform to reach many unbanked individuals living in the rural areas within Tanga Region.

Speaking during the trade fair held at Tongamano grounds in Tanga, Exim Bank Tanga Branch Manager Deogratius Makwaia said the awareness campaign aims at ensuring that many individuals get to understand the benefits of using banking services for their economic growth.

“In an effort to promote financial inclusion and attract many customers to prefer our banking services to other financial institutions in the country, our bank has embarked on a program which will see us showcasing our products and services in various exhibitions,” said Mr. Makwaia.

Makwaia said due to the fact that until now 85 percent of people in Tanzania do not use banking services, financial institutions in the country should give these group of people a reason to start using such services.

Tanzania recently launched the national financial inclusion framework to focus on priorities like payment platforms, infrastructure and consumer protection, with an overall goal of giving 50 per cent of the country’s population access to formal financial services by 2016.

However, the Finscope Survey 2013 published recently shows that already over 50 per cent of adult population have access to financial services, where 13.9 per cent of the number comprises bank customers and 43.5 per cent use non-bank formal services that include mobile phone money facilities.

On his part, the Minister for Industry and Trade, Dr. Abdallah Kigoda during the trade fair called upon businesspeople to use international trade fair to initiate and enhance competitiveness.

Dr. Kigoda also applauded the Tanzania Chamber of Commerce, Industry and Agriculture for organizing the fair in an effort to open doors for promoting trade.

He said the main theme of this year’s trade fair dubbed, ‘Enhancing Regional Trade and International Business Networking’, aimed at exhorting stakeholders to improve production, productivity, effectiveness and raise people’s living standards.

The Minister for Industry and Trade, Dr. Abdallah Kigoda (right) shakes hands with Exim Bank Tanga Branch Manager Deogratius Makwaia (first left) when he visited the bank’s gazebo during the opening of the second Tanga International Trade Fair at Tangamano Grounds recently. Looking on second left is Exim Bank sales executive Martin Temu.  (Photo by our correspondent).

Exim Bank Tanga Branch Manager Deogratius Makwaia (first left) briefs the Minister for Industry and Trade, Dr. Abdallah Kigoda (right) on the bank’s services as the minister shakes hands with the bank’s sales executive Martin Temu (second left) when he visited the bank’s gazebo during the opening of the second Tanga International Trade Fair at Tangamano Grounds recently. (Photo by our correspondent)

Exim Bank Tanga Branch Manager Deogratius Makwaia (second left) briefs the Minister for Industry and Trade, Dr. Abdallah Kigoda (right) on the bank’s services when he visited the bank’s gazebo during the opening of the second Tanga International Trade Fair at Tangamano Grounds recently. Looking on first left is Exim Bank marketing executive Fatma Kilinda and third left is the bank’s sales executive Martin Temu. (Photo by our correspondent).

Published: Friday 6th June, 2014