African cooperatives urged to invest savings and create jobs in Tanzania
By the AFREEQUE newsroom, based on Jamhurimedia
Tanzanian Prime Minister Mwigulu Nchemba has urged African savings and credit cooperatives (SACCOS) to invest more of their deposits to support businesses and production and create jobs. He was speaking on 15 October 2026 in Dar es Salaam at the 26th African SACCOS congress, and also called for digital services and access to loans for young people, according to Jamhurimedia.
Tanzanian Prime Minister Mwigulu Nchemba has called on African savings and credit cooperatives, known as SACCOS, to mobilise citizens’ savings to finance productive investment, develop businesses and create jobs. He was speaking on Thursday 15 October 2026 in Dar es Salaam on behalf of President Samia Suluhu Hassan, at the 26th African SACCOS conference, according to Jamhuri Media.
Mwigulu Nchemba also called for stronger digital services and governance, and more opportunities for young people. The conference is being held at the Julius Nyerere International Convention Centre in Dar es Salaam, according to Jamhuri Media.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
