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...