Farmers, businesspersons counselled on financial services

By DAILY NEWS Reporter 

FARMERS and business community in Singida Region have been encouraged to use financial institutions for keeping money securely and saving for future investments.

Singida Regional Commissioner Dr Rehema Nchimbi said here at the launch of NMB Wakala that farmers and business people incomes generated during onion and sunflower harvest seasons should be kept in banks

for security and future development.

“The launch of the NMB Wakala is an important step in bringing about development transformation into the region,” he said adding that farmers and business people should change with the innovations in the financial sector.

He said the abundant opportunities in the region, the community will do away with ancient traditions of misusing the income generate and keep their money in banks that promote saving culture for future use.

On his part, NMB Central Zone Manager Nsolo Mlozi said the launched Wakala becomes the 6,001 with the intention of registering 10,000 wakalas countrywide before end of year.

In Singida Region, the Manager said the new Wakala launched was the 99th, thus helping in bringing closer the banking services to the community and promoting financial inclusion.

The Dar es Salaam Stock Exchange (DSE) listed NMB Bank PLC is the largest bank in terms of profitability and leading retail bank in customer base with over 2.8 million customers, 220 branches and over 800 ATMs, being represented in more than 98 per cent of country’s districts.