CRDB yajipanga kuwezesha wabunifu Kibiashara

CRDB plans to empower creative entrepreneurs

CRDB BANK has said it is ready to support the creative industry in the country by establishing financial systems that will enable creatives to transform their talents into sustainable businesses that directly contribute to the national economy.

Speaking in Dar es Salaam during the Tanzania Fashion Forum, CRDB Bank's Small and Medium Enterprises Service Manager, Japhary Hassanal, said integrating innovation with business systems is an important step in strengthening the sector's contribution to the country's development.

"Our goal is to see existing innovations transformed into productive businesses, employment and a real contribution to the national economy," said Japhary.

He explained that CRDB recognizes the role of the fashion sector in promoting small and medium-sized businesses, employment for youth and women, as well as expanding the scope of the creative economy in the country.

For his part, the Chairman of the Tanzanian Designers Association (FAT), Mustafa Hassanal, said the fashion industry has great potential to stimulate the economy through industry, trade and economic diplomacy if it is equipped with strong systems and friendly policies.

"Fashion today is not just a matter of beauty, but a strategic sector that affects employment, business and national identity," said Hassanal.

He added that for a long time, fashion in Africa has been seen as a niche industry without strong financial and commercial systems, a situation that has undermined the growth of the industry despite the presence of many talents.

Hassanal said the Tanzania Fashion Forum was established to bring together various stakeholders with the aim of discussing challenges and setting practical strategies to transform fashion from a personal talent to an official sector of the national economy.