Tanzania: Why Royal Tour is good for business Tz – CRDB


CRDB Bank has met with key business stakeholders in the United States to identify and exploit opportunities in the “Royal Tour Program”, a fundamental step in attracting investors to the country.

CRDB met with Citibank, one of the world’s largest lenders, Moody’s which is the credit rating, research, tools and analysis company for global capital markets and Pegasus, an American company which invests in sustainable and health-related business solutions, which expressed its desire to enter the country’s market and looked specifically at how it can collaborate with the bank.

During the meeting with Citibank, the CRDB Group CEO and Managing Director, Mr. Abdulmajid Nsekela, said that he discussed the key priorities shared with Citi senior management to drive and support the economic empowerment of SMEs, emphasizing the focus on women and youth, digitalization, and blue economy agenda.

“We also discussed technical assistance for CRDB to strengthen the bank’s ability to serve the segment and meet rapidly growing demand.

“We also discussed cross-border business support for our soon-to-be-launched subsidiary in DR Congo,” Nsekela said in a statement on Tuesday.

CRDB is the primary US dollar correspondent bank for Citi, which is an American multinational investment bank and financial services company headquartered in New York. Citigroup has approximately 200 million customer accounts and does business in more than 160 countries.

Mr. Nsekela is among the respective members of the business community who accompanied President Samia Suluhu Hassan on her trip to the United States.

The CRDB delegation also met with Pegasus executives who, in addition to considering venturing into the country, also looked specifically at how they could collaborate with CRDB.

“We hope that the Royal Tour will achieve its objectives of promoting Tanzania as a leading country in terms of tourist attractions globally and thus help attract tourists to Tanzania,” Mr. Nsekela said, thus boosting trade between Tanzania and other countries and attracting investors to come and invest. in Dar es Salaam.

In addition, the CRDB delegation paid a courtesy visit to Moody’s and held a high-level discussion on market positioning, including capacity building, access to information and rating monitoring. credit.

The Royal Tour documentary, shot and filmed in Tanzania, will be used to market the country’s tourist attractions globally, as part of the government’s renewed efforts to boost tourists following the global Covid-19 pandemic.

President Samia inaugurated the Royal Tour on Monday, which offers massive economic growth for the country.

According to Nsekela, the idea behind the Royal Tour – which CBS News Travel editor Peter Greenberg prepared – was to make the world understand Tanzania’s abundant natural resources, including its rich sites. cultural and natural heritage.

The CRDB chief said the lender will use its domestic and international network to rejuvenate Tanzanian businesses through the Royal Tour.

The lender participated in the royal tour largely because it is used to cooperating with the government to execute various development projects and support communities in their development efforts.

Mr Nsekela hinted that they are well prepared to ensure that participants in the anticipated economic stimulus – which The Royal Tour will fund – will be able to obtain all their financial needs from the main bank – CRDB.

Some of CRDB’s services and products that will benefit all businesses include using PoS, e-commerce, Visa/MasterCard, UnionPay, and QR code to make payments to individuals, businesses, and government agencies.


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