Tanzania, May 1 -- Dar es Salaam. The government has requested that Saudi Exim Bank provide capital to Tanzanians and Saudi Arabian businessmen resident in Tanzania, allowing them to create diverse products in Tanzania and stimulate trade between the two nations.

A statement issued by the ministry of Industry and Trade yesterday, said the issue was raised at a meeting between minister Ashatu Kijaji and the CEO of Saudi Exim Bank, Mr Saad Alkhalb, at the ongoing World Economic Forum (WEF) meeting in Riyadh.

According to the statement, Dr Kijaji also invited Saudi Exim Bank to Tanzania to facilitate trade between the two countries by providing loans with concessional terms to contractors who carry out their work in Tanzania.

"We need to ...