News Column

Bank of Africa Supports Health Sector

May 14, 2014

THE Bank of Africa Tanzania has started giving loans to health sector institutions such as health centres, dispensaries and hospitals to enable them improve services.

A Senior Marketing Officer at the bank, Mr Solomon Haule, told journalists over the weekend in Dar es Salaam that the loan facility named 'Tiba Finance' seeks to support developing health sector in Tanzania. "We want to be part of improving this crucial sector in our country," he said.

He noted that the loans which started last month have low interest and can be long or short term. Various health centres and hospitals face challenges and the bank believes that through such a facility, many of them can be solved.

"We hope that through such loans, the majority of challenges will be reduced and ultimately completely solved," he said. He said that the bank will work with Medical Facility Fund to make the decision a success.

The Fund will build capacity in hospitals on the usage of modern hospital facilities, work environment, business plans and other items necessary for running of hospitals.

Mr Haule said the bank has already trained its staff for the purpose. The Bank of Africa Tanzania began its operations over 30 years ago in Bamako Mali. In Tanzania, the bank has been in the business for 8 years serving the corporate and SME sectors.

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Source: AllAfrica

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