The government has set in its future plans to
increase its capital share in Tanzania Women Bank (TWB) which currently is
faced with financial crisis so as to enable it work more effectively and with
efficiency to meet the target for which it was established. The government made
its call in parliament last week in a morning session of question and answer
when responding to a question earlier raised by a special seat Bupe Nelson
Mwakangata (CCM) who wanted to know why TWB does not effectively engaged in
lending money to women.
Responding to this question, the deputy minister for
Finance Ashanti Kijaji said that the bank is faced with lots of challenges and
that is why its efficiency is low. The minister added that, in the meantime,
the government has seen the need to review the financial law No. 18 in June
this year so as to make it much stronger and a must for the district council
authorities to inject 10 percent of their income to women and youth fund so as
to enable women and youths borrow on time. She said that the 10 percent is
under the national policy program which should be observed by district council
authorities without fail, and whoever will not take the issue as serious then
drastic measures will be imposed to such a council.
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