DAR ES SALAAM, Nov. 8 -- THE Parliamentary Standing Committee on Public Investments (PIC) has commended the Tanzania Agricultural Development Bank (TADB) for strengthening its operations and increasing dividends paid to the Government from 500m/- to 8.4bn/-, a move reflecting improved efficiency in the management and utilisation of public capital.

The commendation was made by the committees Chairperson, Ojambi Didas Masaburi, during a committee meeting held in Dar es Salaam, where members had an opportunity to assess the banks mandate, operational structure and challenges facing the institution.

Masaburi said the committee has a responsibility to ensure that institutions receiving public capital protect and grow the investments while ge...