• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    South Africa’s Maite Nkoana-Mashabane yelled for Women’s representatives in the enactment of the African Continental Free Trade Area (AfCFTA)
    West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report
    Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application
    N10 Billion filled into the Scholastic realm of Nigeria by Dangote
    African Export-Import Bank (Afreximbank), African Association of Automotive Manufacturers (AAAM) Signs Agreement to Drive Automotive Investment in Africa
    African Union Commissioner disclosed Agriculture is crucial to African Growth
    $200 Million conserved by Rwanda for Continental Export Appropriation, Vincent Biruta Rwanda’s Minister of Foreign Affairs, unearthed
    Kenya Electricity Generating Company (KenGen) Signed Deal to Drill Geothermal Wells in Djibouti
    Egypt‘s – Benban Solar Park Enterprises envisions to Glisten the more in 2021
    Erstwhile Finance Minister of Nigeria – Ngozi Okonjo-Iweala shall receive the Insignia of Royalty as the first Woman and first African Director General of the World Trade Organization on February 15th, 2021

    Tanzania’s Stanbic Bank Bestows Deficit Solace to over 265 Customers

    Posted On 23 May 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Abdul Rahman Bangura–

    Photo Credit: Dailymonitor

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- In connection of the thriving financial consequence, hinted to the eruption of the Coronavirus (COVID-19), Stanbic Bank Tanzania has declared deficit assistance for its customers by giving them with a 3-6-months expenditure vacation.

    It started up in April for the tourism sector and has presently broadened to the Energy, Transport and Small Medium Enterprise (SME) Sector. The drive is part of the bank’s renewed endeavor to finance its clients; by way of providing them with positive models, that will deliver a support from the financial impact of the Coronavirus outburst.

    Brian Ndadzungira – Stanbic Bank Head of Personal and Business Banking clarified that, the bank acknowledges the significance of its clients to keep on to operate amidst COVID-19. “We understand that due to measures taken by countries in the region and the rest of the world to combat the spread of Coronavirus, businesses in Tanzania have also been affected. The bank will alleviate some of the financial impacts facing our customers by putting in place measures that will offer relief during these challenging times. This will not only assist our clients with managing their loan repayments but also enable them to honor payments to their staff and suppliers.”

    Nonetheless, the bank has furnished relief to over 265 clients within their portfolio, with exposures over TZS 37 billion. Also, the bank proceeds to give financial advisory to its consumers to assure that, they have a helpful business continuity strategy. “We are urging all customers who are facing financial difficulty resulting from Covid-19 to contact us immediately because together we can find a workable solution,” strengthened Ndadzungira.

    “As a bank, we remain committed to making a positive impact in the communities we operate and support the government in addressing the economic impacts of the pandemic,’ said Ndadzungira. Stanbic Bank Tanzania is part of the Standard Bank Group, Africa’s largest bank by assets.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    The Bank delivers a full range of financial services. Its Corporate & Investment Banking (CIB) department fulfills a wide range of regulations for banking, finance, trading, investment, risk management and advisory services. Corporate and Investment Banking produces this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.

    Standard Bank’s corporate and investment banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.

    Stanbic Bank Tanzania’s Personal and Business Banking unit (PBB) offers banking and other financial services to individuals and small-to-medium enterprises. PBB serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.

     

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia,  Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com  .Africa President of the year will be announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

     

    HELP FIGHT CLIMATE CHANGE
    United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org 

     

    The Global International Company
    International Business Consultant Company, Specialize With Companies Want To Do Business or Doing Business In Africa & United States. Contact:  info@theglobalinternational.com

     

    NEW AFRICA BUSINESS NEWS
    ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER.    INFO@NEWAFRICABUSINESSNEWS.COM

     

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

     

     

    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    Websitewho.int/emergencies
    Coronavirus Q&A, World Health Organization
    Websitewho.int/news-room
    Coronavirus condition overview, World Health Organization
    Websitewho.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov 

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Ghana, Government Launches New Policies to Speed up Financial Inclusion for Economic Transformation

    Next Story

    Ghana, Agricultural Development Bank Partners Key Stakeholders in GH¢500m to Support Poultry Production

    8 Comments

    1. ahmed May 23, 2020 at 4:26 am Reply

      Thank you for reporting. Please cover more stories of east Africa. Thank you new africa business news. Arusha TANZANIA. Ahmed.

      • New Africa Business News, Staff Correspondent May 23, 2020 at 5:04 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Paplo May 23, 2020 at 4:40 am Reply

      Stanbic Bank Tanzania is a good bank. I enjoy reading your reporting. Am a fan of new Africa business news. Luanda, Angola. Paplo!

      • New Africa Business News, Staff Correspondent May 23, 2020 at 5:05 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Nkosazanaa May 23, 2020 at 4:54 am Reply

      Am so happy seeing many great results coming from all parts of Africa. Thank you always for reporting stories in all parts of Africa. Unlike other news media. I love new Africa business news. Jonnesburg, South Africa. Nkosazanaa.

      • New Africa Business News, Staff Correspondent May 23, 2020 at 5:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Hassan May 23, 2020 at 5:10 am Reply

      Please sign me up on new Africa business news newsletter. I like your reporting. Hassan, Paris France.

      • New Africa Business News, Staff Correspondent May 23, 2020 at 5:12 am Reply

        Sure you got it. Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    South Africa's Maite Nkoana-Mashabane yelled for Women's representatives in the enactment of the African Continental Free Trade Area (AfCFTA)

    Posted On 25 Feb 2021

    West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report

    Posted On 24 Feb 2021

    Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application

    Posted On 23 Feb 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    New Africa Business News, Africa President of the Year 2020-2021 Goes to Tanzania's John Pombe Joseph Magufuli

    Posted On 01 Jan 2021

    New Africa Business News, REPORTER of the Year 2020-2021, Goes to Richard Adorsu

    Posted On 08 Feb 2021

    Thanks for reading, Africa’s fastest...

    Posted On 25 Feb 2021

    Congrat to Journalist Bangura of...

    Posted On 25 Feb 2021

    Thanks for reading, Africa’s fastest...

    Posted On 25 Feb 2021

    Facebook

    Latest Posts

    South Africa's Maite Nkoana-Mashabane yelled for Women's representatives in the enactment of the African Continental Free Trade Area (AfCFTA)

    West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report

    Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application

    Recent Posts

    • South Africa’s Maite Nkoana-Mashabane yelled for Women’s representatives in the enactment of the African Continental Free Trade Area (AfCFTA)
    • West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report
    • Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application
    • N10 Billion filled into the Scholastic realm of Nigeria by Dangote
    • African Export-Import Bank (Afreximbank), African Association of Automotive Manufacturers (AAAM) Signs Agreement to Drive Automotive Investment in Africa

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.