Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. We operate 24 hours a day, 365 days a year with complete context, perspective and precision.
Tuesday, 30 March 2021
PARLIAMENT TO HONOUR DR. JOHN MAGUFULI'S LEGACY
LAUNCH OF THE E.A. CRUDE OIL PIPELINE SET FOR APRIL 2021
The launch of the East African Crude Oil Pipeline (EACOP) project has been deferred to next month, the Petroleum Authority of Uganda (PAU) has announced.
The much-awaited event which was initially scheduled for 22 March 2021, has been rescheduled to April 2021 following the death of former Tanzanian President, Dr. John Magufuli.
In a statement posted on its website, PAU hailed Dr. Magufuli's astute leadership which set a strong foundation for the EACOP project, with key milestones that included the signing of the Inter-Governmental Agreement (IGA) in 2017 and the initialing of the Tanzania Host Government Agreement (HGA) in 2020.
In October 2020, Tanzania sealed the HGA with TOTAL in implementing EACOP after protracted negotiations.
Monday, 29 March 2021
PRESIDENT SAMIA SULUHU HASSAN SUSPENDS TANZANIA PORTS AUTHORITY BOSS OVER 4BN/- FRAUD CLAIMS
President Samia Suluhu Hassan yesterday suspended the Director General of Tanzania Ports Authority (TPA), Eng. Deusdedit Kakoko to pave way for investigation over accusations of embezzlement of around 3.6bn/-
The Head of State made the decision shortly after receiving the audit report for the year 2019/2020 from the Controller and Auditor General, Charles Kichere at Chamwino State House in Dodoma.
President Samia said various reports have been spotting embezzlement of money at TPA but no strong measures have been taken to curb the loss of public funds at the ports.
PRESIDENT SAMIA SULUHU HASSAN TALKS TOUGH ON FRAUD
President Samia Suluhu Hassan receives the 2019/2020 Controller and Auditor General's Report from the CAG, Charles Kichere, at Chamwino State House in Dodoma yesterday. President Samia's Directives in Brief;
President Samia issued the directive at the Chamwino State House in Dodoma yesterday, shortly after receiving audit reports from the Controller and Auditor General (CAG) together with the Performance Report of the Prevention and Combating of Corruption Bureau (PCCB) for the year 2019/2020. Continue Reading > > > |
THE CONTROLLER AND AUDITOR GENERAL REPORT EXHUMES MASSIVE IRREGULARITIES
The Controller and Auditor General (CAG) yesterday handed over 21 Annual General Audit Reports for 2019/2020 to President Samia Suluhu Hassan, detailing massive irregularities in the Central Government, Public Institutions and Local Government Authorities (LGA's).
According to the CAG, Charles Kichere, the financial irregularities occasioned loss of billions of shillings to the Government.
Mr. Kichere presented the reports ending 30 June 2020, covering general and performance audits to President Samia at Chamwino State House in Dodoma, as the newly-sworn in Head of State commenced her official duties.
This was President Samia's maiden public appearance in her official duties replacing the late President John Magufuli, who passed away suddenly on 17 March this year.
Friday, 26 March 2021
AFISA MTENDAJI MKUU WA BENKI YA NMB, RUTH ZAIPUNA AIWAKILISHA BODI, MENEJIMENTI NA WAFANYAKAZI WA BENKI YA NMB KATIKA MAZISHI YA HAYATI DKT. JOHN MAGUFULI
Thursday, 25 March 2021
JOB VACANCY - SECURITY SYSTEMS DESIGN & TECHNICAL MANAGER
Q-Sourcing Limited, trading as Q-Sourcing Servtec, is a manpower management solutions firm operating in the East African Region in the countries of Tanzania, Uganda, Kenya, Rwanda and South Sudan.
On behalf of one of our Tanzania based clients, we are looking for a competent and experienced Security Systems Design & Technical Manager preferably with hands on experience in Security Systems.
Job Purpose:
The Security Systems Design & Technical Manager will be responsible for devising long term plan of the company. He/she is also responsible for making sure the company plans and goals are archived. The Security System Design & Technical Manager will work closely with the Operations, Marketing and Sales teams to ensure business objectives are achieved for the organisation.
Duties and Responsibilities:
- Devise long term plan for innovative current & future Security Solutions available globally for the success of the company in consultation with directors as well as departmental heads & drive the company’s effort to achieve set goals.
- Be able to Design custom made Security Systems requirement for clients and provide proposal including preparation of presentation to the client on the proposal submitted.
- Special attention is to be given to Marketing & Sales team in bringing awareness of various Security Solution available for Marketing to various sectors of the Industry.
- Be responsible for submission of various Tender Private / Government including preparation of proposal & pre requisite documentation.
- Technical Communication with Security System Equipment & Solution suppliers globally including Pricing Negotiations.
- Be conversant with Autocad Software for preparation of Drawings where necessary
- Other duties as assigned.
CLYDE & CO UPDATER - SECURING LAND AS COLLATERAL IN TANZANIA
Background
All land in Tanzania is public land vested in the President as a trustee on behalf of the people. Tanzanian citizens occupy public land through a right of occupancy. There are two categories of right of occupancy namely granted right of occupancy (GRO) and customary right of occupancy (CRO). A GRO is issued for general land that is surveyed as per the requirements of the urban planning authorities. A CRO is issued for village land by the village councils.
A GRO is subject to a term of occupation that does not exceed 99 years. On the other hand, the duration of a CRO may be for either an indefinite period, a definite period which does not exceed 99 years or for year to year or less as it may be determined by the village council.
Non-citizens and companies that are majority-owned by non-citizens (collectively referred to as Foreigners) cannot hold land under a GRO or a CRO as these are reserved for Tanzanian citizens. However, Foreigners can occupy general land either through a long term lease or a derivative right granted by the Tanzania Investment Centre. Foreigners cannot occupy village land either through a derivative right or a long term lease unless the village land is first converted into general land.
Land is commonly accepted by lenders as a form of collateral. This is in part due to the legal protections available to lenders when securing third party interests in land. We discuss below the various forms of securing third party interests in land.
A mortgage is the creation of an interest in a right of occupancy for securing the payment of money or the fulfilment of a condition. A mortgage deed must be registered with the Registrar of Titles to be effective. A mortgage created between a lender and a corporate body cannot be registered with the Registrar of Titles unless it has first been registered with the relevant registrar of that corporate body. For example, mortgages created by a company must first be registered with the Registrar of Companies (i.e. the Business Registrations and Licensing Agency) before they are registered with the Registrar of Titles.
Where the same property is mortgaged to several lenders, the mortgages must rank in priority according to the order in which they were registered unless the lenders enter into a security sharing agreement that would set out the ranking of the mortgages.
JOB VACANCY AT NMB BANK - HEAD, FINANCE & REPORTING
Chief Financial Officer
Location:
Head Office
Application Deadline:
7th April 2021
Job Purpose:
To ensure financial control, cost management, recording, and reporting of the bank’s financial position and safe custody of all funds and assets of the bank.
Main Responsibilities:
Finance
- Manage the departmental budget to ensure that expenditure is in line with the plan.
- Manage and optimize the overall bank’s operating expenses.
- Manage and ensure timely and accurate reporting to the regulator.
- Manage negotiations with key suppliers and ensure that payments to suppliers are made in line with the contractual terms.
- Manage fixed assets of the bank.
- Develop the financial and operating expenses policies of the bank and update the same regularly.
- Manage the requirements of internal and external auditors in order to ensure a full and rigorous audit of NMB accounts and take action to implement recommendations.
- Attend to BOT examiners in order to conduct effective examination of the bank.
- Liaise with tax consultants in order to ensure thorough corporate tax assessment.
- Ensure remediation of control issues raised by the external auditors, internal auditors and regulators.
- Ensure that risk and control self-assessments are performed within the department in line with the relevant policies.
Wednesday, 24 March 2021
KENYA AIRWAYS REPORTS WORST EVER LOSS OF $330M
The loss, for the financial year ended December 2020, is 2.8 times more than the Ksh12.98 billion ($118 million) net loss it had posted a year earlier, and now deals a major blow to the recovery efforts of the national carrier.
KQ chairman Michael Joseph says the outlook still looks bleak and the airline will be seeking a right-sized network to match the prevailing demand.
“The Covid-19 global outbreak in 2020 was beyond anyone’s prediction and its impact on the industry is expected to continue affecting air travel demand for the next two to three years,” said Mr Joseph.
KQ’s loss, also the worst ever results in corporate Kenya, came on the back of strict Covid-19 control measures across the globe that crushed demand for air travel.
The airline says that passenger revenue dropped by 67.5 per cent to Ksh33.7 billion ($307 million) as passenger numbers reduced by 65.7 per cent to 1.8 million.
“Approximately 70 per cent of the total passengers carried in 2020 were flown during the first three months of the year, demonstrating the drop in demand as the global crisis deepened during the year,” said Mr Joseph.
Total income dipped by 58.9 per cent to Ksh52.8 billion ($481 million) underlining the impact of a sharp fall in passenger numbers as countries restricted movement to contain the spread of Covid-19.
The latest loss means that KQ has now gone for the eighth straight year without profits, extending its accumulated losses to Ksh128.76 billion ($1.2 billion).
EIGHT EAST AFRICAN FIRMS IN LIST OF CONTINENT’S MOST VALUABLE BRANDS
According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which is listed on the Nairobi Securities Exchange (NSE), floored West African corporate giants such as Dangote Cement ($9.1 billion), MTN Nigeria ($8.6 billion), BUA Cement (Nigeria, $5.92 billion) and Airtel Africa ($4.18 billion), which took the second, third, fourth and fifth positions respectively.
In a report titled Sub-Saharan Top 30 Equity Valuation, the analysts show that eight East African listed firms, largely from Kenya and Tanzania, made it to the list of sub-Saharan Africa’s most valuable brands.
The firms are Safaricom ($14.14 billion), Tanzanian Breweries ($1.38 billion), Equity Bank ($1.27 billion), East African Breweries Ltd ($1.19 billion), KCB ($1.13 billion), Vodacom Tanzania ($744 million), Tanzania Cigarette ($733 million) and Co-operative Bank ($689 million).
According to the report, dated March 8, 2021, Safaricom’s return on equity (ROE) for the 12-month period to February 2021 stood at 49.6 per cent, followed by Tanzanian Breweries (26 per cent), Tanzania Cigarette ( 24.7 per cent), Equity Bank (15.1 per cent), Co-operative Bank (14.9 per cent), East African Breweries Ltd (11 per cent), KCB (10.7 per cent) and Vodacom Tanzania (negative 0.1 per cent).
CLYDE & CO UPDATER - TANZANIA COMPANIES ACT: NEW DEADLINE TO SUBMIT BENEFICIAL OWNERS’ INFORMATION
Beneficial ownership
The concept of beneficial ownership in Tanzania company law was introduced in the Companies Act through amendment by the Finance Act No. 8 of 2020 (the Finance Act). A beneficial owner is a natural person who either owns, controls or is entitled to a substantial economic interest, whether directly or indirectly, over a company. A person who exercises significant control over another person related to a company is also considered as a beneficial owner.
The Finance Act has introduced several other changes to the Companies Act with regards to beneficial ownership, such as:
- Submitting up-to-date records of the beneficial owners of a company to the Registrar of Companies (Registrar) when registering the Memorandum and Articles of Association
- Including information about the beneficial owners in the register of members
- Including records of beneficial owners in the company’s annual return.
Prior to the Notice, companies incorporated before 1 July 2020 were given six months from 1 July 2020 to submit beneficial ownership information to the Registrar, which made 1 January 2021 the initial deadline. The deadline has now been extended to 1 January 2022.
Friday, 19 March 2021
BENKI YA NMB YATOA NENO KATIKA UZINDUZI WA KIZIMBA BUSINESS MODEL MOROGORO
Akizungumza wakati wa uzinduzi wa Kizimba Business Model uliofanyika katika viwanja vya SUGECO Morogoro, Mkuu wa Kitengo cha Kilimo Benki ya NMB - Isaac Masusu alisema kuwa mijadala ilikuwa mingi ya njia ipi itakuwa bora kwa benki kuweza kutoa mikopo ya muda mrefu katika sekta ya kilimo na sasa mfumo wa kilimo wa Kizimba Business Model itakuwa imefungua njia ya kupata ufumbuzi wa changamoto hiyo.
Masusu alisema kuwa mfumo huo unawezesha vijana, akimama na wajasiliamali kuajiriwa katika sekta ya kilimo na mpango huo umejikita katika uwezeshaji upatikanaji wa ardhi ambao umekuwa kikwazo kikubwa kufanya shughuli za uzalishaji mali na kuongeza thamani.
Thursday, 18 March 2021
GLOBAL RECYCLING DAY CALLS ON US TO WORK TOGETHER FOR A WORLD WITHOUT WASTE
Jacques Vermeulen, CEO of Coca-Cola Beverages Africa. |
Dar es Salaam, Thursday 18 March 2021 - Along with its devastating human and economic costs, the COVID-19 pandemic has put renewed focus on sustainability. The experience of mass human vulnerability to the accidents of nature has reminded us of the need to live in harmony with the natural environment if we are to survive as a species.
As James Quincey, Coca-Cola CEO and Chairman, recently put it: “COVID-19 has highlighted the urgent need for collaborative, cross-sector solutions to climate change, plastic waste and other critical environmental and social issues. The crisis has shone a light on the interconnected nature of our world and the lessons we learn must be applied to help us emerge stronger and get to a more sustainable and inclusive economic future.”
The question, against the backdrop of the severe economic damage caused by the pandemic, is how social partners can work better together to build this future.
MSHINDI WA DROO YA PILI YA KAMPENI YA NMB BONGE LA MPANGO AKABIDHIWA ZAWADI YA LIFAN CARGO
Pikipiki hiyo inagharimu sh. milioni 4.4 ambapo tangu kuanza kwa kampeni hiyo mwezi Februari mwaka huu zawadi zinazogharimu zaidi ya shilingi milioni 35.2 zimetolewa ikiwemo fedha taslimu na pikipiki sita za miguu mitatu aina ya Lifan Cargo.
Akizungumza wakati wa kukabidhi zawadi hiyo Meneja wa NMB Kanda ya Kaskazini Aikansia Muro alisema, zaidi ya shilingi milioni 550 zimetengwa kwa ajili ya kampeni hiyo na kampeni hiyo ni maalum kwa ajili ya kurejesha faida kwa wateja wa benki hiyo pamoja na kuhamasisha utamaduni wa kujiwekea akiba kwa watanzania.
REST IN ETERNAL PEACE PRESIDENT JOHN MAGUFULI
FAREWELL PRESIDENT JOHN MAGUFULI
President of the United Republic of Tanzania
1959 - 2021
The nation is in great shock following the unexpected death of President John Magufuli yesterday aged 61.
Vice-President Samia Suluhu Hassan announced the most devastating news to the nation via national television, TBC, last night.
Wednesday, 17 March 2021
BENKI YA CRDB YAWAWEZESHA WATEJA KUWEKA NA KUPOKEA PESA KUTOKA M-BET KUPITIA SIMBANKING
Benki ya CRDB na kampuni ya kubashiri ya M-Bet zimezindua huduma ya kuhamisha fedha kwa wateja wanaobashiri kati ya akaunti ya benki na akaunti ya mtandao ya m-bet (m-bet wallet).
Akizungumza katika mkutano na waandishi wa habari uliofanyika katika hoteli ya Coral Beach iliyopo Masaki, Dar es Salaam, Meneja Mwanadamizi wa Huduma Mbadala Benki ya CRDB, Mangire Kibanda amesema huduma hiyo ambayo inapatikana katika mfumo wa SimBanking inalenga kuwapa urahisi wadau wa kubashiri kuhamisha fedha kwa ajili ya shughuli zao.Kibanda alisema kupata huduma hiyo mteja atatakiwa kuwa amesajiliwa na huduma ya SimBanking ambayo inapatikana kupitia namba *150*03# au kwa kupitia SimBanking App.
“Mteja ataingia katika menu ya SimBanking, atachagua malipo, ataingiza kumbukumbu namba ya malipo kutoka m-bet na kisha kuhamisha fedha anazohitaji kwa ajili ya kubashili,” alielezea Kibanda huku akianisha kuwa huduma hiyo inatolewa bure bila makato yoyote kwa wateja.
“Tunajivunia kuwa kampuni ya kwanza ya kubashiri nchini kuanzisha ubia na na Benki katika kuwawezesha wateja kuhamisha fedha kidijitali kati ya wallet zao na akaunti ya benki, hii ni habari njema kwa wapenzi wote wa kubashiri nchini kwani pia inamaanisha usalama zaidi wa fedha za wateja,” alisema Mushi.
“Kupitia huduma hii mteja anaweza kutuma fedha kwenda kwenye wallet ya M-Bet lakini vilevile akishinda anaweza kuhamisha fedha zake kutoka katika wallet kwenda katika akaunti ya Benki ya CRDB ambapo anaweza kutumia kufanya manunuzi kupitia SimBanking au TemboCard yake,” aliongezea Mushi.
CRDB BANK NAMES FREDRICK SIWALE AS NEW MANAGING DIRECTOR FOR BURUNDI SUBSIDIARY
CRDB Bank has appointed Fredrick Siwale as the new Managing Director for its Burundi Subsidiary, as the lender targets entering the DRC market this year.
Siwale replaces Bruce Mwile, who has been promoted to Group Chief Operating Officer (COO), leading the Bank's group-wide operations. Mwile headed the subsidiary since 2012.
CRDB Bank Group CEO, Abdulmajid Nsekela said Siwale has a proven capability ranging back 17 years and will continue to strengthen the Burundi operations.
ZANTEL YAZINDUA KAMPENI YA ‘PASUA ANGA KI ZANTEL 4G’
Uzinduzi huo umefanyika katika viwanja vya Kisonge mjini Unguja ambapo wananchi wameweza kushiriki na kujionea ni namna gani wanaweza kutumia mtandao wa 4G kwa manufaa ya kijamii na kiuchumi.
Kabla ya uzinduzi huo, Kampuni ya Zantel iliendesha mjadala ulijadili juu ya umuhimu wa mtandao wa 4G ambao uliruka kupitia televisheni ya ZBC.Mdahalo huo ulihusisha wadau mbalimbali kutoka Serikalini pamoja na wajasiriamali.
DStv INAKULETEA RUMBLE IN DAR 🥊🥊 HASSAN MWAKINYO VS BRENDON DENES 🥊🥊
Rumble in Dar ni 🔥🔥
🥊🥊 Hassan Mwakinyo vs Brendon Denes
🕰️ Saa 2 usiku, Tarehe 26, Machi 2021
📺 Clouds Plus, 294
Piga sasa *150*53# kulipia kifurushi chako cha Bomba TShs 19,900 tu uweze kutazama LIVE ndondi hizi.
#pandatukupandishe
Tuesday, 16 March 2021
BENKI YA NMB YAWAPOKEA RASMI WALIOKUWA WAFANYAKAZI WA BENKI YA KIBIASHARA YA CHINA
Wafanyakazi hao walipokelewa Makao Makuu ya NMB Jijini Dar es salaam na Uongozi na wafanyakazi wa benki hiyo. Akizungumza katika hafla ya mapokezi hayo Afisa Mtendaji Mkuu wa NMB – Bi. Ruth Zaipuna alisema, ni Furaha kwao kama benki kuongeza ukubwa wa familia ya NMB na ametumia nafasi hiyo kuwakaribisha rasmi kuwa wanafamilia.
Bi. Zaipuna aliwahakikishia wafanyakazi hao kuwa wapo sehemu salama, kwani NMB ndio benki kubwa zaidi Tanzania kwa mtaji, mizania, faida, mtandao wa matawi na suluhishi za kibenki kwa wateja wao, huku wakiwa na matawi 226 nchini takribani katika wilaya zote, zaidi ya mawakala 8,000, zaidi ya mashine 700 za kutolea fedha (ATM) huku wakiwa na wateja zaidi ya milioni nne na wafanyakazi 3,400.
Bila kusahau kuwa NMB imekuwa ikishinda tuzo mbalimbali ikiwemo ya umahiri ya Euromoney kama “Benki Bora zaidi Tanzania” kwa miaka 8 mfululizo kuanzia mwaka 2013 hadi 2020. Benki hiyo pia ilipata tuzo ya Benki Salama zaidi Tanzania kutoka Jarida la Global Finance la nchini Marekani.
Monday, 15 March 2021
KAMPUNI YA VODACOM TANZANIA PLC YATWAA TUZO ZA TANZANIA DIGITAL AWARDS 2020/2021
Friday, 12 March 2021
DStv PRESENTS OPRAH WITH MEGHAN & HARRY ON SATURDAY
Jumamosi hii Mahojiano yaliyofanyika wiki iliyopita kati ya Oprah na Mjukuu wa Malkia Elizabeth akiambatana na Mkewe Meghan yatarudiwa tena kupitia M-Net 102 saa 11 jioni.
Kupitia ofa yetu ya #pandatukupandishe mteja wa Compact lipia kifurushi Compact Plus TShs 89,000 tu DStv ikupandishe kifurushi Premium utazame mahojiano haya.
WASHINDI WA NMB BONGE LA MPANGO WAKABIDHIWA LIFAN CARGO MPYA!
Hafla Kuu ya makabidhiano hayo ilifanyika NMB Tawi la Gongolamboto, ambako mkazi wa Kitunda jijini Dar es Salaam, Martha Mmasi, alikabidhiwa pikipiki yake na Meneja wa Kanda ya Dar es Salaam, Donatus Richard, huku hafla kama hiyo ikifanyika Tukuyu - Mbeya kumkabidhi mshindi mwingine.
Akizungumza kabla ya kumkabidhi Martha pikipiki yake, Donatus alibainisha kuwa NMB Bonge la Mpango, inalenga kutambua na kuthamini utamaduni chanya wa wateja kujiwekea akiba, pamoja na kurejesha kwa wateja wake sehemu ya faida ya benki hiyo ya mwaka uliopita, ambako walipata zaidi ya Sh. Bilioni 205.
“Wito wetu kwa wateja wetu, kuchangamkia zawadi tunazozitowa kupitia NMB Bonge la Mpango, ambazo ni pesa taslimu, pikipiki ya miguu mitatu kama hii aina ya Lifan, gari dogo ya mizigo aina ya Tata ‘Kirikuu’ na zawadi kuu ambayo ni gari ya kifahari aina ya Toyota Fortuner yenye thamani ya Sh. Mil. 169”.Alisema Donatus
Thursday, 11 March 2021
AFRICAN DEVELOPMENT BANK NAMED THE WORLD'S BEST MULTILATERAL FINANCIAL INSTITUTION 2021 BY GLOBAL FINANCE
This award represents clear support to the operational strategy that the African Development Bank has been pursuing under the able leadership of its President, Dr. Akinwumi A. Adesina |
ABIDJAN, Ivory Coast, March 9, 2021/ -- The African Development Bank (www.AfDB.org) stood out at the 22nd edition of the Global Finance Best Investment Bank Awards, where the prestigious U.S. magazine specializing in financial markets recognizes investment banking capacities. Global Finance named the African Development Bank the best multilateral financial institution in the world, a global recognition of its constant efforts to provide its clients – its 54 regional member countries – with support in financing their development. |
IMPACT BUSINESS BREAKFAST; THEME - HOW FOURTH INDUSTRIAL REVOLUTION IS SHAPING THE FUTURE OF WORK
Learn from the Guru of Technology and listen to him share his experience of running the largest Telecom company in Tanzania and adopting as a Tech-based Company to technological advancements, especially concerning work management. What to expect in the future, how to best prepare for it and so much more.
We will also feature Ms. Sandra Chogo, CPA, Senior Auditor at National Audit Office to speak on Skills for Future of Work and Mr. Peter Ulanga, International Consultant on Digital economy, to talk on Harnessing Potentials of Digital Technology.
Theme: How Fourth Industrial Revolution is shaping the future of work
Date: 24/03/2021
Venue: Dar es Salaam Serena Hotel
Registration fee: 100,000/= Tshs only including Breakfast
“The Best Investment You Can Make Is In Yourself” - Warren Buffet.
TO REGISTER, PLEASE CLICK HERE > > >
Wednesday, 10 March 2021
UBA BANK CELEBRATES WOMEN’S DAY BY CHALLENGING GENDER WORK LIFE BALANCE
Dar es Salaam Wednesday 10 March 2021 - Following World Women's Day, which is celebrated on the 8th of March every year, United Bank for Africa - Tanzania LTD (UBA) had a dialogue discussion with members of staff, customers and Tanzania at large (via media) on various strategies that will help families maintain a normal work life balance.
Speaking in Dar es Salaam today during a panel discussion which marked International Women Day for Bank for Africa (UBA) Tanzania with theme Gender Work Life balance, the banks Head of Marketing and Corporate Communications, Brendansia Kileo said in maintaining a balance of social and working life they decided to have their male colleagues air out their perception/ opinions and views on the topic and share various initiatives used to support women in attaining the desired balance.
"We have included men to be able to get the ideas they are thinking of in partnership and to support women so that they can fulfil their dreams and responsibilities when they are at home and at work."