• Home
  • Business
  • Tanzania: CRDB Bank Plc opens two new branches in Lindi Region

Tanzania: CRDB Bank Plc opens two new branches in Lindi Region

CRDB Bank Plc has opened two new branches in Lindi to bring its services closer to the people. This brings to 251 the number of the bank’s outlets across Tanzania.

Gracing the launch of the CRDB Bank’s branch at Kilwa, Lindi Regional Commissioner, Ms Zainab Telack commended the initiative, saying it was a huge boost in the attainment of Tanzania’s financial inclusion agenda.

She said the banking sector was crucial for Tanzania’s development. “The increase in the number of people who have bank accounts would make it easy for the government to know the number of Tanzanians making use of the money in circulation,” she said.

CRDB Bank’s Director of Human Resources, Mr Godfrey Rutasingwa, said the lender offered a number of services across its branches meant to empower Tanzanians economically.

“For now, we have the iMbeju programme which helps women and youths with their capital needs. Over Sh5 billion has been set aside for the programme and it is bound to rise depending on the need,” he said.

Launched in October, 2022, iMbeju is the brainchild of CRDB Bank Plc in partnership with the Information and Communication Technologies Commission (ICTC) and the National Science and Technology Commission (Costech). It is meant to help Tanzanian youth and women with financing needs for their various projects, including information and communication technology (ICT) projects.
He also detailed a number of financing options that the bank was offering to individuals and groups, including in trading and agriculture among others.

Related Posts

Ghana: GCB Bank collaborates with SEHP to support BECE student

GCB Bank, the leading financial institution in Ghana, has once again demonstrated its commitment to community development and…

Nigeria: Afreximbank to train businesses for AfCFTA

The African Export-Import Bank has announced its plan to launch a capacity development program to empower African businesses…

Kenya: Tanzanian firm to acquire Bamburi Cement for Sh23 billion

Tanzania’s Amsons Group, a manufacturing and energy company, seeks to acquire a full 100% stake in Kenya’s Bamburi…

Nigeria: UBA’s GMD named Chairman of CIBN Body of Banks’ CEOs

Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba, has been named the Chairman…