The African Development Bank (AfDB) has challenged the local
chief executive officers to utilise the borrowing opportunity availed by the
regional bank through its private sector window.
The AfDB resident representative in Tanzania, Dr Tonia
Kandiero, challenged CEOs in the country whose companies deal with profitable
investments to utilise the bank’s opportunities which also do equity
investment.
“Tanzania has much potential in terms of profitable sectors and
there are huge and endless opportunities for the bank investment,” said Ms
Kandiero, during the CEO roundtable on Tuesday.
According to her, the new private sector operations reached
$1.3 billion in 2012. The sponsorship is also available in local currencies.
She was invited by the CEO roundtable to give a presentation
about the bank and the role it plays in financing development projects so that
the private sector could determine how to chip in and explore the opportunities
available.
“AfDB is a very big financier of infrastructure development
and other profitable sectors but the business community is not very much aware
of the opportunities the bank offers.
"We invited her since the private sector
is looking for investment opportunities,” said the CEO roundtable chairman, Mr
Ali Mufuruki.
The CEO Roundtable normally invites various people to talk
about relevant issues which are relevant and important to the business
community in order to give ideas that they can explore and invest in.
Source: The Citizen, www.thecitizen.co.tz, reported by Alawi Masare in Dar es Salaam
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