DAR ES SALAAM, Sept. 18 -- SMALL and Medium Enterprises (SMEs) in the country are set to benefit from a new source of affordable financing following the launch of the Tanzania Commercial Banks (TCB) Stawi Bond, designed to mobilise local resources for business growth and financial inclusion.

The five-year bond, carrying an attractive annual interest rate of 13.5 per cent payable quarterly, allows Tanzanians to invest from as little as 500,000/-, offering both a secure return for investors and fresh capital for TCB to extend credit to entrepreneurs and small traders.

Deputy Permanent Secretary in the Ministry of Finance Elijah Mwandumbya, represented Deputy Prime Minister and Minister for Minerals, Dr Doto Biteko, at the bond launch on W...