By Carlos Claudio.
Equity Bank Tanzania has said it continues to provide a range of financial services to stakeholders in the mining sector, including financing the purchase of machinery and equipment as well as supporting business activities across the entire mining value chain.
The statement was made by the Head of Small, Medium and Personal Banking at Equity Bank Tanzania, Theresia Aloyce, during the Ninth Mining Exhibition held in Geita.
Aloyce made the remarks after the Deputy Minister for Minerals, Dr. Steven Kiruswa, visited the bank’s pavilion and received information on the financial services it provides to stakeholders in the mining sector.
According to Equity Bank Tanzania, the services are designed to reach various players in the mining industry, including miners, traders and service providers involved in mining and mineral trading activities.
The bank also provides financing for the purchase of equipment and machinery required for mining operations, as well as loans for employees working in the sector.
Aloyce said the services are not limited to miners but cover the entire mining value chain, including traders and other stakeholders who benefit either directly or indirectly from mining activities.
The leaders also emphasized the importance of utilizing opportunities available in the mining sector to promote economic growth and improve the livelihoods of people participating in the mining value chain.
During the event, leaders commended exhibitors and various stakeholders for participating in the exhibition, while emphasizing the importance of cooperation between the Government, financial institutions and mining sector stakeholders.
Equity Bank Tanzania pledged to continue improving and expanding its financial services to reach miners, traders, employees and other stakeholders in the mining sector across the country.
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