THE National Bank of Commerce has said it realizes the contribution provided by the Small and Medium Enterprises to the Tanzanian economy and vows to continue to support them with training and equip them with the modern ways of doing business in this country.
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| Some of ABSA, Africa members Stakeholders in picture |
Speaking to the Express on Tuesday this week, during the workshop organized by the Dar es Salaam based NGO known as Young Entrepreneurship Support initiative (YESi Tanzania), the NBC PR Consultant; Eddie Mhina said the bank understood that youth entrepreneurs face challenges like finding capital, as well as access to financial assistance.
“But there are also other challenges which sometimes are not adequately addressed, including access to business skills and training, without which the business may fail to take off, hence NBC thought it was good idea to sponsor and support that workshop,” he said.
This paper also interviewed NBC Business and SME Manager, Jonathan Bitababaje, who said most of the successful businessmen were those who started with small loans and capital.
“The bank’s documents show that those who started with small loans and keep on going with NBC have turned to be successful, and that is the reason the bank will continue to equip young entrepreneurs with skills and pieces of advice,” he said.
Bitababaje said one of the most important things for business-minded people is information, as the community is now passing through an information era.
He said through workshops and training they would learn about what business and products were needed at a certain time, and even who the competitors were.
While opening the workshop at Don Bosco hall in Dar es Salaam recently on behalf of the Minister for Information, Youth, Culture and Sports Dr. Fenella Mkandala, the Ministry’s Deputy Director for Youth Development, James Kijugusi said it would be better for entrepreneurs to adopt the habit of insuring their businesses.
“Your business should be insured. Do not risk your business to fire and other calamities. Insure them to avoid losses of capital,” said Kijugusi.
He said the Government was in talks with some social security funds as well as insurance agents to see how they can cooperate in protecting young entrepreneurs from natural calamities.
At least 250 participants attended the workshop and were awarded certificates.
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