DAR ES SALAAM, Oct. 13 -- NMB Bank is expanding support for local mining suppliers to help them overcome financing constraints and capture opportunities in growing mining industry, in line with the countrys ambitions for inclusive economic growth under Development Vision 2050 (Dira 2050).

The bank is pursuing this goal through a five-year partnership with the Tanzania Mining Industry Suppliers Association (TAMISA), which seeks to connect domestic businesses with financing, financial literacy, business advisory services and capacity-building support.

The initiative addresses a key challenge in Tanzanias local-content agenda: ensuring that growing mining investment translates into business opportunities for Tanzanian enterprises, rather t...