THE
National Bank of Commerce has said it realizes the contribution
provided by the Small and Medium Enterprises to the Tanzanian economy
and vows to continue to support them with training and equip them with
the modern ways of doing business in this country.
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| Some of ABSA, Africa members Stakeholders in picture |
Speaking
to the Express on Tuesday this week, during the workshop organized by
the Dar es Salaam based NGO known as Young Entrepreneurship Support
initiative (YESi Tanzania), the NBC PR Consultant; Eddie Mhina said the
bank understood that youth entrepreneurs face challenges like finding
capital, as well as access to financial assistance.
“But
there are also other challenges which sometimes are not adequately
addressed, including access to business skills and training, without
which the business may fail to take off, hence NBC thought it was good
idea to sponsor and support that workshop,” he said.
This
paper also interviewed NBC Business and SME Manager, Jonathan
Bitababaje, who said most of the successful businessmen were those who
started with small loans and capital.
“The
bank’s documents show that those who started with small loans and keep
on going with NBC have turned to be successful, and that is the reason
the bank will continue to equip young entrepreneurs with skills and
pieces of advice,” he said.
Bitababaje
said one of the most important things for business-minded people is
information, as the community is now passing through an information era.
He
said through workshops and training they would learn about what
business and products were needed at a certain time, and even who the
competitors were.
While
opening the workshop at Don Bosco hall in Dar es Salaam recently on
behalf of the Minister for Information, Youth, Culture and Sports Dr.
Fenella Mkandala, the Ministry’s Deputy Director for Youth Development,
James Kijugusi said it would be better for entrepreneurs to adopt the
habit of insuring their businesses.
“Your
business should be insured. Do not risk your business to fire and other
calamities. Insure them to avoid losses of capital,” said Kijugusi.
He
said the Government was in talks with some social security funds as
well as insurance agents to see how they can cooperate in protecting
young entrepreneurs from natural calamities.
At least 250 participants attended the workshop and were awarded certificates.
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