Ramani's drive towards business empowerment in Tanzania

Dar es Salaam. Financial technology start-up Ramani has said they are proud to be dedicated in fueling growth for its customers that has carved out a unique space in Tanzania's economic landscape.

Speaking on Tuesday, September 19, Ramani’s chief executive officer, Mr Iain Usiri said since its launch in January 2021 the firm has continued to invest in system enhancements and employee training.

MR. Usiri said by integrating the latest technologies and providing continuous learning opportunities, their firm ensures that it meets the country's growing demand with agility and innovation.

“The blend of technology and human excellence has become Ramani's hallmark, creating a framework for consistent growth and success. In 2021, Ramani achieved a remarkable 32 percent Month on Month growth for 2.5 years. This significant growth has enabled countless businesses to streamline their operations, bringing efficiency and sustainability to Tanzania's business community,” said Mr Usiri.

He explained that by committing significant investment towards increasing capacity in its operations and fostering business growth, their firm has been able to empower businesses through access to credit.

“Through embedded inventory financing, micro-distributors are now able to secure same day financing with no collateral requirement.

This approach not only fuels individual business success but also contributes to a vibrant and thriving business ecosystem that nurtures innovation,” he said.

He said the impact of Ramani’s proprietary technology is exemplified by its impressive growth trajectory.

So far we have successfully onboarded micro-distributors, each armed with the financial resources to expand their operations, diversify product offerings, and explore new markets,” he said.

According to Mr usiri, a noteworthy dimension of Ramani’s accomplishments is its strategic collaboration with prominent brands.

“Partnerships with category leading brands such as Coca-Cola, Serengeti Breweries, Kilombero Sugar, and others have provided micro-distributors with a unique opportunity to tap into established supply chains and amplify their reach.

These partnerships have facilitated access to high-demand products, enhancing the distributors' competitive edge and enabling them to cater to a diverse consumer base,” he said.