NMB forms business club in Tarime district

The National Microfinance Bank (NMB) has formed a business club in the north part of Tarime District in Mara Region. Tarime District Commissioner, Mr John Henjewele presided over the club’s formation during a long-day function held here on Monday.

National Microfinance Bank

The function was attended by nearly 100 business people operating in the gold- rich district whose economy is seen as growing very fast .

Several NMB officials, including those based in the Mwanza zonal office and from the bank’s head office in Dar es Salaam were also present. Mr Emmanuel Mwihechi was elected the first chairman of the Tarime NMB business club, which aims at speeding up business development in the area, while Mr Modekae Moseti was elected secretary.


The club’s leadership included three other members, two of them being businesswomen in Tarime town. “We have excluded the post of treasurer; however, NMB will be meeting the running cost of the business club when it comes to things like meeting costs to discuss business plans,” a senior NMB official said.

Highly-placed sources said NMB was soon scheduled to open a new branch in the small town of Nyamongo, which hosts North Mara Gold Mine in a bid to expand its services in the district. If the plan bears fruits Tarime will be the first district in Mara Region to have two NMB branches.

By MUGINI JACOB, Tanzania Daily News

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