Tanzania: Crdb Eyes New Growth Strategy


CRDB Bank plans to come up with a strategy to step up bank’s growth and recruit more people into mainstream banking.

The bank CEO and Managing Director, Mr Abdulmajid Nsekela told the Minister for Finance and Planning, Dr Philip Mpango in Dar es Salaam they will be on the forefront in driving the financial inclusion agenda and would partner with government institutions, to ensure more Tanzanians have access to banking services.

“We have been supporting farmers and agricultural sector including agribusiness value chain, fishing and dairy farming to empower more Tanzanians to make a decent living out of their farm activities.

“We have also set a goal to reach all districts by the year 2022. We have tailor made products that cater for the needs of all segments from the affluent, corporate, SME to the small scale Mama Ntilie,” said Mr Nsekela in a statement issued yesterday.

Mr Nsekela said he would work to strengthen ties with government and provide the required support to the efforts being made towards provision of banking services to the unbanked population across the country.

The CEO’s remarks follow a consultative meeting with Dr Mpango, who proposed a raft of measures for consideration by the CRDB Bank leadership and urged for continued collaboration.

The finance minister stated that the Tanzanian economy requires a strong and resilient financial sector, which is capable of withstanding the economic downturns that are often a characteristic of growth.

“As a government, we highly value the role that CRDB Bank has played in making our economy vibrant, through its financial services.

The Bank has played a catalytic role in the economic transformation of our country,” he said.

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Publish date : 2018-10-29 10:35:58

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