By Our Reporter
The
Tanzanian development finance institutions (DFIs) – TIB Development
Bank, National Development Corporation and Tanzania Agricultural
Development Bank – is expected to host the bi-annual meetings of the
SADC DFI Network from 6th – 7th July 2017 in Dar es Salaam.
The meetings will commence with a Forum for Chief Executive Officers at the Julius Nyerere International Convention Centre on 6th, followed by the Network meeting on 7th at the Double Tree Hotel by Hilton.
These meetings are organised in collaboration with the SADC Development Finance Resource Centre (DFRC).
Speaking
on the Forum theme, the Chief Executive Officer of SADC DFRC, Mr.
Stuart Kufeni said that the theme of the conference will be “Towards Industrialisation for Sustainable and Inclusive Development – Role of DFIs in SADC”.
Mr.
Kufeni said that this is in recognition of the prioritisation of
industrialisation by SADC Heads of State as a key element towards the
achievement of sustainable economic growth and development in the SADC
region and enhancing the welfare of its peoples.
“The
successful implementation of the SADC Regional Industrialisation
Strategy and Road Map will require massive investments across various
industrial sectors. In this regard, financial institutions, and more
specifically, DFIs, in tandem with the private sector, will play a
critical role in mobilising the requisite financial resources,” Mr.
Kufeni said.
On
his part, co-coordinator of the conference, Mr. Charles Singili, TIB’s
Managing Director said that the forum will explore the role and
experiences of national DFIs in supporting industrial development,
inclusive of the small and medium enterprises sector (SMEs), and the
successes and challenges that they have encountered.
“Given
the adoption, both at regional and national levels, of
industrialisation as an economic growth enabler, it is imperative that
DFIs play their mandated role, namely the mobilising of financial
resources and targeting these at key growth sectors to ensure the
achievement of national and regional development goals under the revised
SADC Regional Indicative Strategic Development Plan (2015 – 2020),” Mr.
Singili said.
TADB’s
Acting Managing Director, Francis Assenga added that the overriding
objective of this Forum is for DFIs in the region to share experiences
and information and effectively position themselves as critical agents
in the industrialisation drive in the region in partnership with the
private sector and other development finance stakeholders, including
international financial institutions and cooperating partners.
Adding
that presenters of the Forum include renowned experts on industrial
development from multilateral organisations and the SADC region will be
available to share their experience.
“Besides
the chief executives of DFIs, senior officials from governments,
executives of financial institutions and other development finance
stakeholders are expected to attend,” he added.
The
Guest of Honour is expected to be His Excellency Dr. John Pombe
Magufuli, President of the United Republic of Tanzania will officially
open the meetings who will be presented by Her Excellency Madam Samia
Suluhu Hassan.
The
SADC DFRC is a subsidiary institution of SADC and is owned by the
SADC-DFI Network. It was established in 2003 as a secretariat of the DFI
Network mandated to undertake capacity building, policy research and
advocacy in the development finance space. The membership of the DFI
Network currently stands at 37 national DFIs from across the SADC
region.
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