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National micro finance policy May Dar es Salaam Ministry of Industry and Trade Government of Tanzania Tagged Articles



17.0 References: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
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Other National micro finance policy May Dar es Salaam Ministry of Industry and Trade Government of Tanzania Related Articles

1.1 Background and Introduction: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
The International Labour Organization (ILO) entered into a general agreement with the Ministry of Industry and Trade (MIT) in 2003 to implement a Women’s Entrepreneurship Development and Gender Equality (WEDGE) Programme1 in Tanzania.
5.0 Support for SME development in Tanzania: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
The Government of the United Republic of Tanzania began its first major attempt to promote the small industries sector as far back as 1966 with the formation of the National Small Industries Corporation (NSIC) under the National Development Corporation (NDC).
5.2 Structure for implementing the SME Development Policy: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
The Ministry of Industry and Trade is the lead ministry for coordinating the implementation of the SME Development Policy. Three entities are in place, all parts of the implementation structure.
5.3 Other government SME agencies and organizations: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
The Small Industries Development Organization (SIDO) is the main government arm for small-scale industries promotion in the country; its main budget comes from the Ministry of Industry and Trade (MIT).
7.0 Policy/programme coordination and leadership: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
At the time of the field visit to Tanzania (November 2003), there was no formal focal point for women’s entrepreneurship development within the government. An officer in the MIT-SME Section was assigned responsibility for co-implementing the ILO-WEDGE programme in collaboration with the ILO Dar es Salaam Office.
8.0 Promotion of women’s entrepreneurship: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
According to key informants from the University of Dar es Salaam, entrepreneurship is only now becoming considered a legitimate and valued activity in Tanzania. There is a huge need to increase this and to create more awareness of the important role that owners of micro and small enterprises play in the economy. A much higher value has to be attached to opportunities in the SME sector and to the role of entrepreneurs so as to make it an acceptable and preferred option for college and university graduates, the next generation of entrepreneurs.
9.3 Micro-finance institutions (MFIs): Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Micro-finance operators in Tanzania function within the framework of the Government’s National Micro Finance Policy of 2000. The objectives of this policy are to provide the basis for the evolution of an efficient and effective micro-finance system to serve the low segment of society and contribute to economic growth and poverty reduction (as described in MIT, 2002). The policy establishes a framework within which micro-finance operators will develop, lays out the principles to guide operations of the system, defines roles and responsibilities of actors, and provides guidelines for coordinating mechanisms. The Central Bank was given the mandate to coordinate implementation of the policy. It is interesting to note that the Micro Finance Policy includes “gender equity” as a best practice.
The National Microfinance Bank of Tanzania helps Bail out the Tanzania Electric Supply Company (Tanesco) with a USD 56million Loan
The National Microfinance Bank of Tanzania has joined a syndicate of local banks and pension funds to lend USD 238million to Tanesco, the parastatal electricity company, wholly owned by the Tanzanian government, money which will be used to pay off debts to suppliers and invest in new equipment. The National Microfinance Bank was founded in 1997, and is the third most profitable bank in Tanzania, holding USD 430million in deposits and assets. The loan to Tanesco supports NMB’s business interests, as well as those of its customers, as it organises collection services for the electricity firm via its network. Currently the Tanzanian government owns 51% of the bank, having sold off the remainder of its stake in 2005. The loan syndicate involved in the bail out includes five banks and four pension funds all from Tanzania.
Tanzania launches first ever US television campaign on CNN
Two weeks ago I attended the African Travel Association’s Second Annual Presidential Forum on Tourism at New York University. The forum, organized by the ATA - a global travel trade association promoting tourism to Africa - and hosted by NYU’s Africa House, was put together to provide African leaders from Tanzania, Ghana, Cape Verde, Lesotho, Zambia, Malawi, and Rwanda with the opportunity to “present the continent’s rich travel opportunities to almost 200 leaders from government, non-government and business communities, the tourism industry, travel trade media, and education”.
The Roles And Responsibilities Of The Canada National Bank
Canada National Bank is the central bank of Canada. Although, it is important to know that it is not a government department. It is rather a crown corporation owned by the government. Though its activities are almost independent, its earnings go to the federal treasury and shares are directly held by the finance ministry. Besides that, it is not the federal public service agency but the bank itself that regulates the employees of this bank. It was after the introduction of the 1934 Bank of Canada Act that gave this bank the monopoly on the issuance of banknotes. The value of the Canadian dollar depends upon the actual amount of money created by this bank. Its main task is to promote the financial and economic well being of Canada.

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