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| The Managing Director and CEO of NCBA, Claver Serumaga (right), presents an honorarium to the Minister of State, President's Office Finance and Planning Zanzibar, Dr. Saada Mkuya (left), at a customer event organized by NCBA Bank to announce their determination to continue investing in the tourism sector in Zanzibar. |
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| The Managing Director and CEO of NCBA, Claver Serumaga, speaking to the audience (not in the picture) at the customer's event in Zanzibar. |
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| The Minister of State President’s Office Finance and Planning Zanzibar, Dr. Saada Mkuya (sitting at the center), in a function hosted by NCBA Bank in Zanzibar with esteemed customers in a bid to reinvigorate their commitment to driving new initiatives to strengthen the tourism industry in Zanzibar. The first right is the Managing Director and CEO of NCBA Bank, Claver Serumaga, the first left is Julius Konyani, the Executive Director of NCBA Bank, and standing behind them are some NCBA staff. |
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| Some of the invited guests and customers at the event hosted by NCBA Bank in Zanzibar. |
Zanzibar - In a move set to cement a positive impact on the socio-economic landscape of Zanzibar, NCBA Bank has reignited its commitment to strengthen its substantial contribution aimed at driving growth and development in the region.
Recognizing the potential for collaboration and growth in the islands, NCBA has extended its support to Zanzibar through a range of innovative products and services designed to empower local communities and foster economic progress. This new reinvigoration aligns with NCBA's commitment to inspiring change and enabling sustainable development in the areas it serves.
‘I am thrilled to announce a groundbreaking initiative that will set new standards for the tourism industry in Zanzibar. Our reimagined tourism services have been designed with your success in mind, tailored specifically to empower business owners in this vibrant sector’, said NCBA Managing Director Claver Serumaga as he reiterated the bank’s position at a customer gala dinner graced by Dr. Saada Mkuya, Minister of State President’s Office Finance and Planning Zanzibar.
The Director underscored recent accomplishments and achievements to drive financial inclusion in the region. He said, ‘through platforms like M-Pawa, that has opened doors to financial inclusion for over seven million Tanzanians, empowering both the unbanked and transforming lives. We have also taken great pride in supporting micro and small businesses, providing them with the resources they need to flourish and contribute to the fabric of Tanzania's economy’.
The Minister applauded NCBA’s resilient commitment to helping the Zanzibarians. She elucidated, 'I would like to commend NCBA Bank Tanzania for its significant contributions to our local economy. Through their innovative financial solutions, tailored services, and steadfast support, they have empowered individuals, businesses, and communities in Zanzibar to reach new heights of success. By fostering an ecosystem that nurtures entrepreneurship, they have unlocked doors of opportunity for aspiring business owners, igniting the spark of economic empowerment and transformation’.
As a renowned financial institution with a deep commitment to responsible banking and driving financial inclusion, NCBA's robust offering hasn’t gone unnoticed, picking up an award in 2022 as the best digital bank in Tanzania. The bank anticipates further investments to catalyze progress and uplift the quality of life for its customers and the entire nation.
For more information, please contact:-
NCBA BANK TANZANIA LIMITED
Solomon Kawiche
Senior Manager Marketing, Communication & Citizenship.
Email: Solomon.kawiche@ncbagroup.co.tz
Tel: + 255754 925137 Tel +255 22 2130113
ABOUT NCBA BANK (T) LTD
NCBA Bank (T) Limited is a result of the merger of NIC Bank (T) Limited and CBA Bank (T) Limited. The merger follows through the successful acquisition of the majority of the assets and all of the liabilities of CBA by NIC. The Notice of Transfer of Assets and Liabilities was published in the Government Gazette on 17th January 2020 (as GN No.48) and in leading local newspapers. The Notice of Transfer of Assets and Liabilities was issued in line with section 4 of the Transfer of Businesses (Protection of Creditors) Act, Cap 327 R.E 2002.
The issuance of a banking license by The Bank of Tanzania paves the way for the two organizations to start operating as NCBA Bank (T) Ltd officially.
The merger creates one of the largest financial services groups in the region, a bank with the financial strength, expertise, and regional reach to support Tanzania and the regions’ economic growth aspirations. The group is strongly placed to play a bigger and more significant role in the banking sector and economies of Tanzania, the region and beyond.
It brings together the best in class retail and corporate banks with strong potential for growth in all aspects of banking and wealth management.
The merged entity will be a Universal Bank suitable and relevant for a wide demographic of customers, providing a full range of financial products and services for corporate, institutional, SME and consumer banking customers, who will benefit from strong relationship management and customer service excellence.
A proudly African Bank operating as an international bank with global standards, NCBA Bank is;
• One of the largest banks by customer numbers in Africa with a complementary base of over 40 million customers across Africa and the region, a strong digital proposition and a robust corporate and asset finance offering. NCBA Bank currently has 12 branches in Tanzania in Dar es Salaam, Arusha, Mwanza and Zanzibar.
• Amongst the largest financial institutions in the East Africa region and the 3rd largest Bank in Kenya with a total asset base over KES 444 Billion (Tsh 9,324bn) and Shareholders’ Equity of KES 65 Billion (Tsh 1,365).
Recognizing the potential for collaboration and growth in the islands, NCBA has extended its support to Zanzibar through a range of innovative products and services designed to empower local communities and foster economic progress. This new reinvigoration aligns with NCBA's commitment to inspiring change and enabling sustainable development in the areas it serves.
‘I am thrilled to announce a groundbreaking initiative that will set new standards for the tourism industry in Zanzibar. Our reimagined tourism services have been designed with your success in mind, tailored specifically to empower business owners in this vibrant sector’, said NCBA Managing Director Claver Serumaga as he reiterated the bank’s position at a customer gala dinner graced by Dr. Saada Mkuya, Minister of State President’s Office Finance and Planning Zanzibar.
The Director underscored recent accomplishments and achievements to drive financial inclusion in the region. He said, ‘through platforms like M-Pawa, that has opened doors to financial inclusion for over seven million Tanzanians, empowering both the unbanked and transforming lives. We have also taken great pride in supporting micro and small businesses, providing them with the resources they need to flourish and contribute to the fabric of Tanzania's economy’.
The Minister applauded NCBA’s resilient commitment to helping the Zanzibarians. She elucidated, 'I would like to commend NCBA Bank Tanzania for its significant contributions to our local economy. Through their innovative financial solutions, tailored services, and steadfast support, they have empowered individuals, businesses, and communities in Zanzibar to reach new heights of success. By fostering an ecosystem that nurtures entrepreneurship, they have unlocked doors of opportunity for aspiring business owners, igniting the spark of economic empowerment and transformation’.
As a renowned financial institution with a deep commitment to responsible banking and driving financial inclusion, NCBA's robust offering hasn’t gone unnoticed, picking up an award in 2022 as the best digital bank in Tanzania. The bank anticipates further investments to catalyze progress and uplift the quality of life for its customers and the entire nation.
For more information, please contact:-
NCBA BANK TANZANIA LIMITED
Solomon Kawiche
Senior Manager Marketing, Communication & Citizenship.
Email: Solomon.kawiche@ncbagroup.co.tz
Tel: + 255754 925137 Tel +255 22 2130113
ABOUT NCBA BANK (T) LTD
NCBA Bank (T) Limited is a result of the merger of NIC Bank (T) Limited and CBA Bank (T) Limited. The merger follows through the successful acquisition of the majority of the assets and all of the liabilities of CBA by NIC. The Notice of Transfer of Assets and Liabilities was published in the Government Gazette on 17th January 2020 (as GN No.48) and in leading local newspapers. The Notice of Transfer of Assets and Liabilities was issued in line with section 4 of the Transfer of Businesses (Protection of Creditors) Act, Cap 327 R.E 2002.
The issuance of a banking license by The Bank of Tanzania paves the way for the two organizations to start operating as NCBA Bank (T) Ltd officially.
The merger creates one of the largest financial services groups in the region, a bank with the financial strength, expertise, and regional reach to support Tanzania and the regions’ economic growth aspirations. The group is strongly placed to play a bigger and more significant role in the banking sector and economies of Tanzania, the region and beyond.
It brings together the best in class retail and corporate banks with strong potential for growth in all aspects of banking and wealth management.
The merged entity will be a Universal Bank suitable and relevant for a wide demographic of customers, providing a full range of financial products and services for corporate, institutional, SME and consumer banking customers, who will benefit from strong relationship management and customer service excellence.
A proudly African Bank operating as an international bank with global standards, NCBA Bank is;
• One of the largest banks by customer numbers in Africa with a complementary base of over 40 million customers across Africa and the region, a strong digital proposition and a robust corporate and asset finance offering. NCBA Bank currently has 12 branches in Tanzania in Dar es Salaam, Arusha, Mwanza and Zanzibar.
• Amongst the largest financial institutions in the East Africa region and the 3rd largest Bank in Kenya with a total asset base over KES 444 Billion (Tsh 9,324bn) and Shareholders’ Equity of KES 65 Billion (Tsh 1,365).
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