DAR ES SALAAM, Nov. 27 -- CRDB Bank has introduced a specialised financing facility for suppliers serving corporate and institutional clients, as part of broader efforts to boost business growth across the country.

CRDB Banks Chief Commercial Officer, Boma Raballa, said at on Wednesday launch that the facility is designed to provide suppliers with quick access to funds, enabling them to maintain liquidity and take on additional assignments.

“Tendering is a businessfriendly system, but many suppliers fail to seize more opportunities because they wait too long for payments. “This facility is designed to give suppliers quick access to the money owed to them by clients, enabling them to continue with other work since they will h...