CRDB requests additional stake in coop bank
Dar es Salaam, April 22 -- TANZANIA: CRDB Bank, one of the largest lenders in the country, has launched a formal request to the government to buy additional shares of the proposed national cooperative bank.
The bank has already purchased a 20 per cent stake in the national cooperative bank and said that they have the financial muscles and the technical know-how to run cooperative operations in the banking sector.
However, recent government data shows that almost 80 per cent of the cooperative bank has already been bought to raise 16.8bn/- seed capital.
The CRDB Group Chairman, Dr Ally Laay, represented the formal request to the Parliamentary Standing Committee on Industry, Commerce, Agriculture and Livestock Chairperson Mariamu Mzuzuri...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.