Tanzania: NMB launches medium-sized survey of medium-sized businesses



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The eight episodes of the survey of the top 100 medium-sized businesses in Tanzania began yesterday. The episode allows midsize businesses to showcase their commercial excellence and showcase their most successful entrepreneur stories.

The National Microfinance Bank (NMB) is its main sponsor while the Dar es Salaam Stock Exchange, Azam TV and Hyatt Co-sponsors the event organized by KPMG and Mwananchi Communications Limited.

At launch, KPMG partner Ketan Shah said it was important for companies to compete with their peers and improve the way they do business while competition increases. .

"When your company is ranked among the top 100 medium-sized companies, you are in what I call the mileage zone, you will get a lot of publicity, recognition and respect from all stakeholders" . He added by encouraging all mid-sized Tanzanian companies to seize the opportunity and participate in the survey as it has many benefits.

million. Shan pointed out that companies that are eligible for the survey are those that have a turnover r between 1 billion and 20 billion euros, audited financial records for the last three years, unlisted on a stock market and should not be a bank, an insurance company, a law firm and an accounting or auditing firm.

Mid-sized firms will be selected from participating firms based on their revenue growth.

NMB Sales Manager Abdulmajid Nsekela said support for small and medium-sized enterprises (SMEs) is a key aspect of economic development. actively help to formalize this critical part of the economy.

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