13th July 2016, Dar es Salaam. KCB Bank Tanzania continues to invest in Small and Medium Sized Enterprises [SME] through "Biashara Club" which provides SME banking and enterprise development services to its customers. This week, over 100 Biashara Club members met to learn from Tanzania Revenue Authority [TRA] about tax requirements and best practices for SME’s.
Speaking at the KCB Biashara Club launch breakfast meeting held at Hyatt hotel in Dar es Salaam, KCB Marketing and Corporate Affairs, Ms. Christine Manyenye, said that KCB Bank recognizes the role of SME’s in the growing economy of the country. “Our aim is not only to provide excellent banking solutions to our customers but also to give them the knowledge and tools required for the success of their businesses. We believe that their success will bring a positive impact on the Tanzanian economy”.
Members of the KCB Bank Biashara Club will be exposed to a wealth of knowledge through workshops where business advisory services are offered from certified training consultants. These workshops provide an opportunity for SME’s to network, interact and share best business practices. In addition to this, club members will have access to and support from dedicated business relationship managers who attend to their financial needs.
KCB Bank Biashara Club members will also benefit from cross border networking opportunities. “As part of the mandate of the club offering, we promised our members to organize regional and international trips geared towards developing their enterprises. Club members will attend international trade fairs to learn how other SME’s operate with the aim of improving their own businesses”, elaborated Ms. Manyenye.
While presenting the KCB Biashara Club overview, Mr. Masika Mukule, Head of Retail Banking said that KCB Biashara Club members can already attend various international trade fairs in Dubai, China, Hong Kong, USA, South Africa, Turkey, Israel, Singapore, Malaysia and Thailand. “This year we have six trips already organized, we aim to expose our club members to diverse sectors, from agribusiness, construction to IT and medical trade. Our members have a lot to look forward to!” concluded Mr. Mir.
After the opening interactions KCB Bank Biashara Club members had the honor of interacting with Mr. George Haule, Tax Education Officer from Tanzania Revenue Authority [TRA] who facilitated a conversation about the Tanzanian tax requirements for SME’s. KCB Bank plans to conduct Biashara Club workshops across the country. The club is expected to facilitate trade growth in the region by enhancing unrestricted access and movement of capital, labor and innovation.
