Dar es Salaam. Retailers and other groups of Small and Medium Enterprises (SMEs) have received a total of Sh72 billion in credit financing from the Bank of Africa (BoA) during the past nine months.
The amount was part of a total of Sh250 billion in loans that the lender has disbursed during the first nine months of the current calendar year, the BoA (Tanzania) chief executive officer, Mr Adam Mihayo, said at the weekend.
The bank said in a statement that Mr Mihayo was speaking during a ‘Vicoba (Village Community Banks) Night Out’ event in Dodoma. The Dodoma Regional Commissioner, Ms Rosemary Senyamule graced the event.
“This group entails small, medium and large scale businesses. It is a group that encompasses producers of livestock and poultry feed. We believe that this is a very important segment of the economy and also a major employer,” he said.
In its strategic plan, BoA seeks to collaborate with other stakeholders, including IFC and diaburse over Sh315 billion in loans to SMEs. Part of the money would be issued in form of credit guarantees.
In her remarks, Ms Sinyamule applauded the BoA and other stakeholders who were making efforts to empower SMEs. She called upob Vicoba groups to work hard and diligently in order to surmount poverty.
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European Union Bans Air Tanzania Over Safety Concerns
Kampala — The European Commission added Air Tanzania to the EU Air Safety List, banning the airline from operating within European Union airspace. This decision follows the denial of Air Tanzania’s Third Country Operator (TCO) authorization by the European Union Aviation Safety Agency (EASA), citing significant safety deficiencies.
The EU Air Safety List includes airlines that fail to meet international safety standards. Commissioner Tzitzikostas emphasized the importance of passenger safety, stating: “The decision to include Air Tanzania in the EU Air Safety List underscores our unwavering commitment to ensuring the highest safety standards. We strongly urge Air Tanzania to take swift action to address these safety issues. The Commission has offered its assistance to Tanzanian authorities to enhance safety performance and achieve compliance with international aviation standards.”
Air Tanzania joins several African airlines banned from EU airspace, including carriers from Angola, the Democratic Republic of Congo, Sudan, and Kenya. Notable names include Congo Airways, Sudan Airways, and Kenyan carriers Silverstone Air Services and Skyward Express. The ban reflects the EU’s strict approach to aviation safety worldwide.
Source: allafrica.com
