CRDB Bank marks World MSME Day in style

CRDB Bank marks World MSME Day in style

Dar es Salaam. CRDB Bank said on Thursday, June 27 that it has disbursed Sh995.346 billion in loans to more than 21,470 entrepreneurs as of May 2024.

The statement was made by Chief Operations Officer Bruce Mwile during a seminar that was held as part of commemorations to mark this year’s International Micro, Small, and Medium-sized Enterprises (MSME) Day.

In its resolution A/RES/71/279, the United Nations General Assembly designated June 27 as ‘MSME Day’ in an effort to raise public awareness of the tremendous contributions of businesses in that category to sustainable development.

The training, held at the CRDB Bank headquarters in Dar es Salaam, was conducted in partnership with various stakeholders.

“In line with our strategies for empowering entrepreneurs, by May 2024, we had disbursed over Sh995.346 billion to more than 21,470 entrepreneurs across various sectors, including agriculture, construction and housing, infrastructure, transportation, health, education, energy, mining, commerce, industry, and the blue economy, to bolster their operations,” he said.

He said the bank’s support for the MSMEs is based on the understanding that businesses in that category account for 27 percent of Tanzania’s gross domestic product (GDP).

The MSME sector, said Mr Mwile, was playing a pivotal role in driving global economic growth, fostering innovation, and creating employment opportunities that enhance individual and community incomes.

“By establishing small and medium-sized businesses, entrepreneurs play a direct role in boosting national income and bolstering government revenue through taxes,” he noted, referencing UN reports.

“Moreover, this sector significantly advances technology and efficiency in both product and service production, thereby strengthening the international competitiveness of the economy,” he added.

According to the UN, MSMEs account for 90 percent of global businesses and create between 60 percent and 70 percent of decent jobs.

MSMEs also contribute over half of the world’s total income.

In Tanzania alone, more than three million MSMEs ensure income security for their owners.

To support grassroots entrepreneurship, the CRDB Bank Foundation has implemented the Imbeju programme, which provides entrepreneurship education, financial literacy, and startup capital starting at Sh100,000.

The programme has successfully reached over 400,000 entrepreneurs and disbursed more than Sh10 billion in enabling capital.

In conjunction with the MSME Day celebrations, CRDB Bank launched the ‘CRDB Biashara Account’, which is designed specifically for small-scale traders aiming to expand their ventures.

This initiative aims to grow their customer base, increase revenues, and facilitate the establishment of large-scale enterprises that can serve both local and international markets.

During the event’s discussions, notable entrepreneurs such as Johnson Kapira from Royal Mark and Josephat Kibwanga from Qualitas Hospital shared their entrepreneurial journeys, highlighting CRDB Bank’s pivotal role in facilitating their business expansions through customised financial services.

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Tanzania Declares End of Marburg Virus Disease Outbreak
Tanzania Foreign Investment News
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Tanzania Declares End of Marburg Virus Disease Outbreak

Tanzania Declares End of Marburg Virus Disease Outbreak

Tanzania today declared the end of Marburg virus disease outbreak after recording no new cases over 42 days since the death of the last confirmed case on 28 January 2025.

The outbreak, in which two confirmed and eight probable cases were recorded (all deceased), was the second the country has experienced. Both this outbreak, which was declared on 20 January 2025, and the one in 2023 occurred in the north-eastern Kagera region.

In response to the latest outbreak, Tanzania’s health authorities set up coordination and response systems, with support from World Health Organization (WHO) and partners, at the national and regional levels and reinforced control measures to swiftly detect cases, enhance clinical care, infection prevention as well as strengthen collaboration with communities to raise awareness and help curb further spread of the virus.

Growing expertise in public health emergency response in the African region has been crucial in mounting effective outbreak control measures. Drawing on experience from the response to the 2023 Marburg virus disease outbreak, WHO worked closely with Tanzanian health authorities to rapidly scale up key measures such as disease surveillance and trained more than 1000 frontline health workers in contact tracing, clinical care and public health risk communication. The Organization also delivered over five tonnes of essential medical supplies and equipment.

“The dedication of frontline health workers and the efforts of the national authorities and our partners have paid off,” said Dr Charles Sagoe-Moses, WHO Representative in Tanzania. “While the outbreak has been declared over, we remain vigilant to respond swiftly if any cases are detected and are supporting ongoing efforts to provide psychosocial care to families affected by the outbreak.”

Building on the momentum during the acute phase of the outbreak response, measures have been put in place to reinforce the capacity of local health facilities to respond to potential future outbreaks. WHO and partners are procuring additional laboratory supplies and other equipment for disease detection and surveillance and other critical services.

Marburg virus disease is highly virulent and causes haemorrhagic fever. It belongs to the same family as the virus that causes Ebola virus disease. Illness caused by Marburg virus begins abruptly. Patients present with high fever, severe headache and severe malaise. They may develop severe haemorrhagic symptoms within seven days.

In the African region, previous outbreaks and sporadic cases have been reported in Angola, the Democratic Republic of the Congo, Ghana, Kenya, Equatorial Guinea, Rwanda, South Africa and Uganda.

Source: allafrica.com

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