Tanzania: Bank to Finance Gas Sector

ECOBANK has said it will scale up financing to energy projects through the gas sector. In an interview with 'Sunday News', the Chief Executive Officer (CEO) of Ecobank Tanzania, Mr Noch Osei-Safo said the bank has set sights on giving credit to companies investing in the country's gas sector and those putting funds in supporting sub sectors.

He said the bank is already financing projects in Mtwara targeting real estate for gas exploration activities in the area and added it plans to consolidate their business in the country by playing a bigger role in the energy sector and infrastructure financing. He was speaking at the new branch at Quality Centre in Dar es Salaam as they awarded clients in the ongoing 'Win Big' campaign.

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