Tanzania, Dec. 2 -- Dar es Salaam. Some 13 financial institutions have agreed to form coalition in attempt to increase financing to the micro, small and medium scale enterprises (MSMEs) in Tanzania.

Dubbed the Alliance for Inclusive Finance, the grouping plans to promote the sub-sector which plays a pivotal role in shaping the country's economy.

The financial institutions include Akiba Commercial Bank, Access Bank, Asa International, DCB Commercial Bank, Finca Microfinance Bank and Letshego Bank, according to a statement issued by the Financial Sector Deepening Tanzania (FSDT) yesterday.

Other institutions are Mwanga Hakika Bank, People's Bank of Zanzibar, TCB Bank, United Bank for Africa, Bank of Africa, NCBA and Maendeleo Bank.

The ...