BancABC, women’s chamber partner to ease transactions to China

18Dec 2018
The Guardian Reporter
Dar es Salaam
The Guardian
BancABC, women’s chamber partner to ease transactions to China

IN order to ease transactions between the country and China where local traders frequently visit to buy merchandise, BancABC Tanzania Limited has entered into partnership with Tanzania Women’s Chamber of Commerce (TWCC).

BancABC Tanzania Marketing Manager, Upendo Nkini addressing Tanzania Women Chamber of Commerce breakfast meeting which brought together more than 250 business women in Dar es Salaam last week. BancABC was the main sponsor of the meeting. Photo: courtesy of BancABC.

Speaking in Dar es Salaam last week during a TWCC breakfast meeting, BancABC’s Head of Retail and Business Banking, Joyce Malai said the bank understand the challenges facing the business women hence ready to offer a quick solution.

Malai said the bank understands the role being played by business women in promoting diversity and economic growth hence convinced BancABC’s management to join TWCC in facilitating women’s empowerment.

“The participation of the bank comes with a lot of benefits as we have learned that TWCC attends several business meetings and visits to China,” she noted citing an example of 150 business women who participated in Canton Trade Fair between April and October this year.

“However, during their visits, they had experienced challenges in accessing reliable quick money transfer to make purchases,” the BancABC Head of Retail and Business Banking added noting that the bank has a Yuan Card which transacts in the Chinese currency directly both here at home and in Beijing.

“I am very happy to tell you that BancABC offers such a solution for quick money transfer while on your visits to China,” she underlined.

Malai added that in partnering with the TWCC, BancABC is set to play it role as being part of world’s campaign to support women economically, enhancing its visibility, increasing its networking while also widening and increasing its customers.

Speaking at the same function, TWCC acting Executive Director, Mwanjuma Hamza said the chamber which is an umbrella organization for business women across all sectors in the country, is happy to work in partnership with BancABC.

“One of our main activities is to enhance market access for business women which includes participation in various trade fairs and visits locally and abroad,” said Hamza who further noted that from January to December this year, TWCC managed to support more than 400 women participate in various local and international trade fairs.

She further said that 150 business women took part in trade delegation visits to China between April and October this year while another 100 participated in a visit to Germany in November and another 30 are currently attending an East African exhibition in Eldoret, Kenya.