Leading bank to send ten entrepreneurs to China for study tour

11Apr 2019
The Guardian Reporter
The Guardian
Leading bank to send ten entrepreneurs to China for study tour

TEN lucky business people who are members of NMB Business Clubs will be flown to China later this year on a study tour aimed at building their capacity in engaging in international trade.

NMB Interim Managing Director Albert Jonkergouw (C) admiring one of the products given to him by Director of Malaika Home Essentials, Rachael Moyo during a business community forum for NMB Business Club for Ilala held in Dar es Salaam earlier this week. Looking on is NMB Head of Business Banking, Donatus Richard (L). Photo: courtesy of NMB.   

NMB Bank Plc’s acting Managing Director, Albert Jonkergouw and the bank’s Head of Business Banking, Donatus Richard said in Dar es Salaam earlier this week that micro small and medium size enterprises are an important segment of the economy.

Jonkergouw said when he officiated a Dare s Salaam NMB Business Club meeting which drew together over 300 owners and managers of MSMEs, that the bank recognises the important role being played by the group as its clients.

“This forum is one of the gatherings which we use to get some feedback and suggestions on how best our products and services should be tailored to meet your needs so that we individual grow which will contribute to national growth,” the acting NMB Managing Director noted.

He pledged to review monthly fees being charged to maintain business and company accounts which many NMB Business Club members countrywide have raised concerns against. “These business clubs are not only good to you and the bank but also the nation’s economic growth because we discuss solutions to obstacles facing businesses,” Jonkergouw added.

Backing his boss, the bank’s Head of Business Banking, Richard said the Chinese visit has been prompted by the need to give MSMEs owners and managers exposure to international trade which is an important aspect of economic growth.

“The criteria on how the 10 candidates will be picked will be fair and competitive,” Richard said noting that details of how the winning business people will be chosen will be made public soon. He underlined that as a bank, NMB values and recognises the vital role that small and medium size businesses play hence invests heavily in their capacity building.

“Competition in the local market is intense hence we are forced to use these business clubs to train you in systems, means and ways of growing and strengthening your businesses as our clients,” he added stressing that the trip to China is meant to further impart skills on small business owners and manager.

In a vote of thanks, one of the club’s members, Award Mpandila said commended the bank’s management for recognising them and bestowing the group with special NMB ambassadorial status which gives them confidence to work harder.

“We however would like to urge the government to improve the environment for doing business such as numerous fees and taxes paid to clear cargo at Dar es Salaam Port,” said Mpandila who further noted that such costs delay cargo clearance which leads to delays in servicing bank loans.