• Type: KPMG information
  • Date: 8/21/2015

Small and medium firms can lift millions of Tanzanians out of poverty 

Small and medium firms can play substantial role in driving up economic growth and lead into increased job creation and lifting millions of Tanzanians out of poverty.

Bank M Tanzania, Deputy CEO Ms. Jacqueline Woiso, said in Dar es Salaam at the weekend in an event to unveil winners of the country’s top 100 medium size firms that the survey has provided important platform for the growth of the companies.


The Top five awards were scooped by Softnet Technologies Ltd, Morogoro Plastics Ltd, Kays Logistics Ltd, Abacus Pharma Ltd and Techno Brain Tanzania Ltd.


“Mid-Sized companies should take a proactive approach to assess their performance among their peers to know their market position and strategise on further growth of their business,” Ms. Woiso whose bank sponsored the survey said.


The annual survey covers a broad range of factors including high level of growth in term of business turnover, profitability, operating costs, return on assets, creation of employment and compliance to business regulations including payment of government taxes...Read more.