TANZANIA Dar es Salaam. The Kopafasta Microfinance Limited Company has distanced itself as among the firms that were recently listed by the Business Registrations and Licensing Agency (Brela) as being involved in fraud, saying despite the name resemblance, the two were completely different entities.
Last week on October 12, Brela issued a statement about the fraud committed by groups of people and companies through the social media.
In its statement, which meant to warn people against getting involved in online pyramid schemes, Brela named ‘KopaFasta Company Limited’ as among the companies Tanzanians needed to beware of .
However, Kopafasta Microfinance executive manager Patrick Kang’ombe told journalists over the weekend that the firm appearing in Brela’s list had nothing to do with his company.
“We have already submitted an official letter to Brela asking them to inform the public about the legality of our company,” Mr Kang’ombe said adding that their company was legally registered by Brela under Kopafasta Microfinance Limited with registration certificate number 138564851 on August 9, 2019 to operate as Microfinance Company offering loans to entrepreneurs and employees.
Mr Kang’ombe urged Tanzanians to beware of fraudsters, especially those who use social media to promote their companies by using fake names that resemble real names of other registered firms.
“The loans provided by our company follow all the procedures as required by the laws of the land, there is no one who will be asked to go and bring money in order to qualify and have access to our loans,” he said.
He urged Tanzanians who need to get various loans to contact their offices or call the company’s management for more details.
Recently, there has been a habit of dishonest people who forge company certificates, business names and licenses with ill intentions to defraud the public.
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Tanzania: Exim to Raise Fund for Mental Health Facilities Upgrades
EXIM Bank to raise 300m/- over the next three years for financing essential services and infrastructure upgrades in mental health facilities.
The bank’s Head of Marketing and Communications Stanley Kafu unveiled this when introducing Exim Bima Festival 2024 as a platform for bringing together individuals, organisations and various sectors for raising the funds.
“Exim’s initiative aligns with the government’s broader goals to ensure that every citizen has access to quality healthcare, including mental health services,” he said.
The initiative, which is one of the events for celebrating the bank’s 27th anniversary is scheduled for Wednesday this week in Dar es Salaam.
Mr Kafu highlights that this year’s festival is not only about raising awareness of the importance of insurance in the society but also focuses on enhancing access to mental health services and improving the overall well-being of the nation.
Statistics from the Ministry of Health shows a staggering 82 per cent increase in mental health cases over the past decade.
Mental cases have risen from 386,358 in 2012 to 2,102,726 in 2021, making the need for mental health services more urgent than ever.
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Unfortunately, the country’s ability to address this growing challenge is hindered by a shortage of mental health professionals, infrastructure, medical equipment and essential medication.
For example, out of the 28 regions in the country, only five have facilities that provide adequate mental health services.
The most affected group is the youth aged 15 to 39, who represent the nation’s workforce, underscoring the need for intensified efforts to safeguard this generation for Tanzania’s future well-being and development.
Mr Kafu said by improving mental health services, Exim aims to contribute to the creation of a network of communities that can access care quickly and affordably.
Exim Insurance Department Manager Tike Mwakyoma said they are appreciating the support from partners in the insurance industry, who have stood by them since the last festival.
“Let’s continue this unity for the development of all Tanzanians and our nation as a whole,” the manager said.
Source: allafrica.com
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