Mr.
Pim van Ballekom, European Investment Bank Vice President for Africa
and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA -
TANZANIA at the signing of MOU between the two parties to unlock Euros 7
M in Tanzania.
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New lending programme to benefit small businesses across Tanzania
The European Investment Bank, Europe’s long-term lending
institution, has agreed a new lending programme with Bank of Africa Tanzania
that will support investment by small companies across the country. The
European Investment Bank will provide EUR 7 million (over 15 billion Tanzanian
shillings) that will be matched by Bank of Africa.
The new initiative was formally agreed in Dar es Salaam by
Pim van Ballekom, European Investment Bank Vice President for Africa, and
Ammish Owusu-Amoah, Managing Director of Bank of Africa Tanzania. The signature
was witnessed by Ambassador Filiberto Ceriani, Head of the European Union
Delegation to Tanzania.
“Investment by small and medium sized companies is
essential to create new jobs and unlock business opportunities. We are pleased
to have signed a new partnership today with Bank of Africa Tanzania. The
European Investment Bank is committed to supporting private sector investment
across Africa and today’s new initiative demonstrates our continued commitment
to Tanzania.” said Pim van Ballekom, European Investment Bank Vice President.
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