EDITORIAL: WE APPLAUD FORMATION OF A NATIONAL COOPERATIVE BANK

Media/news company

Mwananchi Communications Limited

For all practical purposes, the envisaged NCB is the product of the transformation of the Moshi-based Kilimanjaro Cooperative Bank Limited (KCBL), formerly owned by cooperative societies under the KNCU (1984) Ltd and other business entities. The transformation was agreed to by the bank’s shareholders in the best interests of all the parties involved – thus creating a national/nation-wide entity from what was virtually confined to the Kilimanjaro administrative region. Our National Cooperative Bank reminds one of its namesake in the United States, the ‘National Cooperative Bank’: the only bank in the world’s economic powerhouse that is “dedicated to delivering nationwide banking products and solutions to cooperatives and other member-owned organisations to help communities thrive...” We sincerely hope that our NCB will work in close cooperation with the Tanzania Agriculture Development Bank (TADB) – not only doing so to their mutual benefit, but also to the benefit of the economy in particular, and Tanzanians at large.

EDITORIAL: WE APPLAUD FORMATION OF A NATIONAL COOPERATIVE BANK

Latest

US plans to suspend South Africa and Rwanda from duty-free trade programme

Kenya court summons police chief over missing Tanzanian activist

Tarmac laying begins as Mbeya highway congestion eases

Lissu directs family to give brother a fitting send-off

Scientists urged to unite efforts to tackle climate change

Tanzania promises more teaching jobs, prioritises long-waiting graduates

In the headlines

Global banks retreat as African banking giants continue to grow

Hunger, unsafe living conditions trap students in ‘ghetto' rentals

Dar’s modernisation raises concerns over livelihoods

Lissu directs family to give brother a fitting send-off

Prof Geoffrey Mmari: Integrity when it mattered most

What will newsrooms look like in 2030?

US plans to suspend South Africa and Rwanda from duty-free trade programme

Kenya court summons police chief over missing Tanzanian activist

Tarmac laying begins as Mbeya highway congestion eases

Lissu directs family to give brother a fitting send-off

Scientists urged to unite efforts to tackle climate change

Tanzania promises more teaching jobs, prioritises long-waiting graduates

Global banks retreat as African banking giants continue to grow

Hunger, unsafe living conditions trap students in ‘ghetto' rentals

Dar’s modernisation raises concerns over livelihoods

Lissu directs family to give brother a fitting send-off