Bank manager urges Dodoma business community to seize growing market

04Jul 2019
The Guardian Reporter
The Guardian
Bank manager urges Dodoma business community to seize growing market

THE business community in Dodoma region has been challenged to seize the vast market opportunity which has been created by the government’s decision to shift its capital to City of Dodoma.

NMB Head of Business Banking, Donatus Richard speaks to Dodoma NMB Business Club members during a financial literacy training held earlier this week in City of Dodoma. Photo: courtesy of NMB.

NMB Bank Plc’s acting Central Zone Manager, Arnold Lambeki said earlier this week during a Dodoma NMB Business Club financial literacy training that the bank has products and services that may assist the business community grow its capital and expand.

“The shift of government administrative capital to Dodoma will give you business people in the region to get all the opportunities you need in order to grow your businesses,” Lambeki said during the training session which brought together hundreds of business owners and managers.

He said presence of senior government officials and their families, top bureaucrats and elite business people in the region provides a niche market which entrepreneurs should exploit by supplying both goods and services.

“We at NMB have the capacity to give you necessary finance and market guidance backed by our loan portfolio at your disposal,” the acting NMB Central Zone Manager noted while stating that so far the bank had dished out over 600bn/- to members of its 36 business clubs across the country.

In a vote of thanks, Dodoma NMB Business Club Vice Chair, Joyce Kaishozi commended NMB management and staff for supporting businesses of all sizes saying the move enables small business to graduate into medium size companies.

Kaishozi paid tribute to the bank’s managers because of imparting financial and business skills to its clients many of whom run their business through their talents which poses a big hurdle for sustained growth.

“We as members of Dodoma business community promise to make good use of the knowledge and skills doled to us but also make use of loans which you provide to grow our businesses,” she promised while also pledging to be a good ambassador for the bank.

In his presentation to the business people, NMB’s Head of Business Banking, Donatus Richard said the bank will continue working with the private sector including micro, small and medium businesses to assist them grow their capital and production volumes.

“We have already issued loans valued at over 600bn/- to small business owners countrywide to boost their capital and increase productivity,” Richard said while urging the borrowers to invest wisely money acquired from the lender.

He further noted that NMB has given priority to working with its thousands of NB Club members countrywide to enable them graduate into small and medium size companies in a few years to come. In all, there are 36 NBM Clubs in the country with between 150 and 300 members each.