DR CHARLES KIMEI - PRESIDENT JOHN MAGUFULI REQUESTED FOR CHATO CRDB BRANCH OVER 5 YEARS AGO

CRDB Bank Managing Director, Dr Charles Kimei has said the process of opening the bank’s Chato District branch in Geita was initiated by then Chato MP Dr John Magufuli over five years ago.

Dr Magufuli is now the fifth phase President of Tanzania and he has graced the opening of the branch. The bank, now wants to honour the President's effort by naming the branch after his name.

According to Dr Kimei the branch started as a mini branch before being elevated to a fully-fledged medium branch. "It's just a medium branch since we have yet to mobilise more business but once we have big business it will turn to bigger branch similar to those in the major cities," Dr Kimei said.

Chato is a fast developing district and has made huge strides since it was elevated to district level from village level in 2006. The process of turning Chato village to district level was championed by Mr Magufuli after becoming the first MP in 1995. CRDB bank has become the first financial institution to contribute seed money for construction of Chato stadium. CRDB Bank has contributed 50m/- for the construction of Chato stadium after MP Medard Kalemani called stakeholders to donate for the project. 

"Since the stadium will be named after the bank, the stadium has to resemble our name..." Dr Kimei said. Also, Dr Kimei said the former branch will be sold at an affordable loan to Chato District council payable up to 15 years.

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