19 July 2012

Tanzania: Ecobank Gives 49 Billion/ - to SMEs

Ecobank Executive Director Samuel Ayim said in Dar es Salaam that they have given out 41 million US dollars, majority of which has gone to SMEs. But he asked SMEs to register their businesses to strengthen their chances of getting credit to support their businesses.

He was speaking during a brief ceremony to give out prizes to the first group of winners in the ongoing six-month campaign of "Shinda Babkubwa." Mr Ayim said they have accumulated 500,000 bank accounts and expects to get 600,000 in the ongoing deposit campaign.

Fifteen winners were provided with five Ipads, nine vouchers for shopping and one free ticket to Zanzibar in a Shinda Babkubwa with Ecobank monthly promotion held yesterday at Sokoine branch. Winners were Yunch Wang, DI Grow Tanzania Ltd, Zenkian Too, Kelvin Francis, Taji Alexander, Grads Njiro, Redlow Trading Company and Super Mover General Traders.

Others were Grayson Mapunda, Aron Nakwenda, Bertha Mwakapenda, Akida Maarifa, Felician Nihuka, Flora Msofe and Chamilius Mahindi. According to Mr Ayim, Ecobank currently has five million customers base served at five branches in Dar es Salaam.

He also said that the bank is soon putting up branches in Arusha and Mwanza but would also set base in Mtwara to target to expected thriving gas sector.

Ecobank has Automated Teller Machines (ATMs) at five branches while other four ATMs are located at different areas in the city, bringing the total number of ATMs in Tanzania and three thousands machines in 32 countries in which Ecobank operates.

"We are soon expecting to launch a master ATM card whereby customers will be able to draw cash from our three thousand ATMs in 32 countries," explained Mr Ayim.

Copyright © 2012 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.