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ECOBANK Tanzania has launched a special desk, known as ‘China Direct Initiative, designed to facilitate swift and increased transactions involving trade between China and Tanzania.

“The initiative addresses the current void in the market at a time when trade and investment between China and Tanzania have been growing at an exponential rate.

“Trade hit $2.5 billion in 2012, while investments approached $1 billion in 2013,” said the Ecobank Tanzania Limited Managing Director, Mr Enoch Osei-Safo, at the launching ceremony in Dar es Salaam recently.

He added that: “China Direct initiative is aimed at providing the ‘one-stop shop’ facility across the China-Tanzania corridor to reduce hassles and improve decision-making for business people.”

Ecobank Group is currently having presence in 35 African countries, namely: Angola,Benin, Burkina,Faso,Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Cote d’Ivoire and Equatorial Guinea.

Others are Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali,Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe.

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