Mantrac, NMB unlock equipment finance for miners and contractors
DAR ES SALAAM, July 20 -- NMB Bank Plc and Mantrac Tanzania Limited have signed an agreement to expand access to financing for machinery and equipment among miners, contractors and businesses operating in Tanzanias mining, construction, infrastructure, energy and manufacturing sectors.
The partnership combines NMBs financing capacity and nationwide network of more than 250 branches with Mantrac Tanzanias expertise in supplying and servicing Caterpillar equipment, including mining and construction machinery and power generators.
The memorandum of understanding was signed in Dar es Salaam by NMB Chief of Retail Banking Filbert Mponzi and Mantrac Business Planning and Operations Director, East Africa Region, Levite Dongmo.
Under the arran...
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