PRIME MINISTER Kassim Majaliwa has said that the Government has been working with Citibank of the United States for more than 35 years and has been receiving financial advice through the Central Bank of Tanzania (BoT).
He said this on September 24, 2024 immediately after meeting with the Chairman of the Board of the Bank, Mr. John Dugan at the bank’s headquarters in New York, USA.
“The Government of Tanzania is very grateful to Citibank for having participated in the construction of the economy including access to loans, advising the Government on financial matters and financing large projects that are being built in the country”, said Mr. Majaliwa
“This bank has been lending to companies that are building our SGR railway and to ensure that they contribute to the construction of the Tanzanian economy and they have also taken one lot for the construction of the railway and financed its construction. The same goes for the development of the Pemba airport”,
said Mr. Destiny
When Tanzania was faced with a shortage of motor oil and vehicles, the bank was used to help traders get cheap fuel
In addition to economic advice, the Prime Minister said that the bank in collaboration with the United States International Development Finance Corporation (U.S. International Development Finance Corporation) also provided loans to small businesses while giving more opportunities to mothers and daughters who own their own businesses.
Chairman of the Board of Citibank of the United States, Mr. John Dugan has said that they will continue to cooperate with the government in various developmental issues as they have done in the past 40 years.
