PRIME Minister Kassim Majaliwa has challenged youths and women to access loans and capital for business from lending institutions, and quickly reminded them to honour resettlement obligations.
"Our youths should not be afraid to borrow from commercial lenders to get capital. The loan can be a useful tool for development," he said while citing
The Premier aired his challenge during a seminar "CRDB Bank Investment Day" held in Dar es Salaam yesterday, which coincided with the launch of the
PM Majaliwa challenged youths and women across the country to tap the potential of the
The iMBEJU initiative aims to provide training, advice, and enabling capital for youths and women.
The programme, championed by CRDB, in collaboration with
The Prime Minister said that iMBEJU is centred on providing a solution for start-ups, young people and women by building capacity on the ability to run business profitability, especially through strategic training to be provided in collaboration with ICTC, COSTECH, plus other training for women's empowerment programmes through groups.
"The truth is that many startups failed not for the lack of capital but rather on business management," Mr Majaliwa said adding.
"Financial institutions are ready to finance these startups but the risk of failure is high for young businesses due to lack of proper managerial skills...and CRDB has seen this and came up with a solution-the iMBEJU programme."
The PM also used the platform to task government institutions to give opportunities to young people, who come up with innovations that can solve society's challenges. He asked the
He said the government continued to use various loan schemes to provide loans to youths and women and for example, through the
The Minister for Information, Communication and Information Technology, Mr Nape Nnauye, said the iMBEJU programme will stimulate the establishment of new products and services that are compatible, while tackling the real needs of wananchi.
"Youths and women should come up with innovations that will be able to compete in and outside the country,"
CRDB's Vice-Chairperson Prof
"The iMBEJU is part of sustainable programmes that will be implemented through
CRDB CEO and Managing Director
"The applications will be submitted through the websites of ICTC and COSTECH, while women will go through our branches," Ms Mwambapa said.
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