THE Bank of Africa (BoA) Tanzania has commended the government for continuing to improve the business and investment environment to enhance the country’s competitiveness in the international market.
BoA Managing Director, Mr Adam Mihayo, made the remarks on Wednesday when airing his views on the estimates of government revenue and expenditure for 2023/24.
“I commend the government for coming up with a budget that will empower businesses and investments to spur the country’s economic growth,” he said.
Mr Mihayo said this year’s budget shows the government’s determination to further improve the business and investment environment through the blueprint framework.
Through the framework, he noted, the government has addressed bureaucracy and eliminated overlapping responsibilities in public institutions as well reducing some unproductive taxes and fees.
The budget and finance policy is targeting to empower the private sector as well as prevent the shilling and ensure sufficient foreign exchange reserve.
Mr Mihayo said BoA is determined to invest further in innovation to improve further its products and services to boost the income of the people and contribute to the country’s economy.
He said also that the bank targets to ensure that the transformation and improvement of its services go side by side with the customers’ demands.
BoA will continue to provide high-quality services including empowerment of SMEs that supports the 6th phase government agenda of promoting inclusive financial services.
