Tanzania, July 6 -- Dar es Salaam. NMB Bank Plc has issued a total of Sh4 trillion in loans to public and private bodies in the past four years, making it one of the major players in Tanzania's economic development endeavours.
The amount translates into 31 percent of the Sh12.78 trillion development budget for the current financial year.
Bu, it is slightly lower than the Sh5.23 trillion budgeted for development expenditure for the ministries of Energy as well as that of Works, Transport and Communication, according to the available figures.
The NMB Bank's chief of Wholesale Banking, Mr Alfred Shao, said at the weekend that the Sh4 trillion includes Sh2 trillion which has been loaned to the private sector - and part of which directly goes...