By Ludger Kasumuni ,The Citizen Reporter
In Summary
“We commend Bank M for sponsoring this programme and
we also commend upcountry companies, especially those from the Lake
Zone and Northern regions for increasing participation. We call upon
more companies to participate,” said Mr Nanai
Dar es Salaam. The Top 100
Mid-sized Companies Survey has entered the fourth phase with increased
participation of upcountry businesses by 30 per cent.
While last year there were 200 respondents for
participation, this year is expected to have about 300 participating
companies in the grand award event which will take place at Mlimani City
on November 28, according to KPMG director David Gachewa.
Briefing the media yesterday, Mr Gachewa said so
far 110 companies had completed the application process. The deadline
for application is November 7. “Winners of the renowned Tanzania Top 100
Mid-sized Companies Survey will be announced next month during a grand
award event to be held on November 28. On November 27 there will be a
conference for participants,” he said. Mwananchi Communications Limited
(MCL) managing director Francis Nanai called upon more companies to
apply for participation for Tanzania to attain a strong pool of local
entrepreneurs.
“We commend Bank M for sponsoring this programme
and we also commend upcountry companies, especially those from the Lake
Zone and Northern regions for increasing participation. We call upon
more companies to participate,” said Mr Nanai. According to him,
criteria for participation include possession of a turnover from Sh1
billion and Sh20 billion, not listed on the stock market and running
businesses in all sectors of the economy except a bank. He listed five
advantages for participating in the Top 100 Mid-sized Companies Survey
as having an opportunity to expand capital base, promote business,
access to consultancy services, access to strong market base in East
Africa and networking with other entrepreneurs.
Bank M deputy chief executive officer Jacqueline
Woiso said they had joined hands with KPMG and MCL in that project with
the aim of supporting the growth of mid-sized companies with subsequent
economic growth. Other sponsors who have joined hands are the Dar es
Salaam Stock Exchange (DSE), Azam Media and Kuza Biashara, while
Research Solutions is the main consultant.
DSE finance chief Ibrahim Mshindo said the bourse
had been encouraging Tanzanians to use such opportunities offered by
such projects to participate in the stock market
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