TAMFI successfully hosts the second East Africa Microfinance Summit

By Eliza Lisah

The Tanzania Association of Microfinance Institutions (TAMFI) in collaboration with East Africa Microfinance Network (EAMFINET) is hosting the second East Africa Microfinance Summit.

EAMFINET is an umbrella organization for Microfinance Associations in Rwanda (AMIR), Kenya (AMFI-K), Uganda (AMFIU), Burundi (RIM) and Tanzania (TAMFI).
The summit  started on 2nd and  ended on 4th November 2016.
Tamfi members and other microfinance stakeholders  attended the important conference. The theme of the summit was, “Accelerating Financial Inclusion for Economic Development.”
While officially opening the summit Mrs Amina Khamis Shaban, delivering the speech for Honorable Dr. Philip Mpango, the Minister of Finance and Planning said the importance of financial inclusion, based on the principle of equity and inclusive economic development, has been engaging their attention as policy makers.

“I believe other policy makers in the East Africa region have taken the same position. We need to learn from each other and implement what is suitable in each country. The summit is therefore a platform for reflection and consultation among various players present here today.
The agenda of the summit, he said was very appropriate as currently the  government pays special attention on access to finance by low income people as a means to promote inclusive development. Tanzania has already developed the National Financial Inclusion Framework. The framework adopted has taken an approach of financial inclusion as defined by the United Nations Initiative.
“I believe this summit will deliberate on those issues in order to come up with appropriate approaches on how to link the formal/semi-formal and the informal financial institutions to accelerate financial inclusion initiatives and achieving equitable development,” he said.
I take this opportunity to thank East Africa Microfinance Network and TAMFI for inviting me to open this important summit. The Government of the United Republic of Tanzania looks forward to continued relations and partnership in fostering development in the area of financial inclusion.”
EAMFINET regional coordinator 2016 Mr Joel Mwakitalu briefed about the summit saying that in November 2011,Tanzania,Kenya ,Rwanda ,Burundi and Uganda country microfinance associations formed a Regional Microfinance network to foster Regional cooperation in the microfinance sector;the network was named as EAMFINET. The summit is an event which is part of our EAMFINET Regional Cooperation strategy for the microfinance sector in the region. The first summit was held in Nairobi Kenya in 2015.in 2014 the EAMF CEO round table was held in Kigali, Rwanda.
He also thanked the guest of honor for giving the microfinance sector a priority by officiating the summit. ”your decision to be here demonstrate Tanzania Governments’ positive position on Microfinance sub sector. I also thank all those who have made this event possible, these includes sponsors, contributors and the organizing committee, Asanteni sana.”
The summit showcased to the public that Microfinance services Matters in growing household economy, offer an opportunity for MF actors in the EAC region to cement their re;lationship and cooperation and also to challenge their innovations and creativity in addressing barriers that hinders financial inclusion in all fronts.

Similar Articles

Members of Tanzania Insti... Addressing TAMFI members in Dar es Salaam, Ms Audrey Linthorst, Lead Africa Analyst of Microfinance Information Exchange (MIX) based in Washington DC said sharing information with peers,
Opportunity to Volunteer ... Location: Tanzania, Dar es Salaam Description: To work with TAMFI, TAMFI members and Partner Organizations. Duration: 6 months – 1 year TAMFI is an umbrella of microfinance
TAMFI hosts Frankfurt Sch... By Eliza Lisa: TAMFI offices on September 8  2016 hosted excited candidates sitting for their final exams for micro-finance courses. “We had the final exam for Frankfurt School
FINANCE AND PLANNING MINI... With the theme of Rural Finance and Agricultural Transformation in Tanzania, the conference kicked off yesterday 13th July 2017 at Julius Nyerere International Convention Center, Dar es
Microfinance institutions... Dar es Salaam, March 2014 There is an urgent need to establish a new law to govern the rapidly growing and increasingly vital microfinance subsector in Tanzania,
Skills, knowledge on risk...   Workshop photos Tanzania Association of Micro finance Limited (TAMFI) organized a three days risk management training for micro finance institutions. The training started yesterday the 15th
Deputy minister opens key... Dar es Salaam:   The microfinance industry in Tanzania plays a big role in bringing  equality to all citizens especially the disabled and less fortunate in the
About 48 microfinance ins... The statement issued by Tanzania Association of Microfinance Institutions (TAMFI) board of directors, affirms that the document is the first code of standards of practices for Microfinance
31 shortlisted for Citi ... Early this year, Citi Bank launched Citi Micro-Entrepreneurship Awards Program in Tanzania. The awards program is designed in raising awareness about microfinance among micro entrepreneurs who benefit

Leave a Reply

Your email address will not be published. Required fields are marked *