ABSA BANK HONORED WITH NBAA’S BEST PRESENTED FINANCIAL STATEMENTS AWARD

The Deputy Minister of Finance and Planning, Mr. Laurent Luswetila (right), presents the second-place award for Best Financial Reporting in the Medium-Sized Banks category for the year 2024—issued by the National Board of Accountants and Auditors (NBAA)—to Absa Bank Tanzania’s Head of Business Performance and Analytics, Mr. Stivin Augustino (second left), and the bank’s Financial Controller, Mr. Muhsin Kaye, during a ceremony held in Dar es Salaam recently. Third from left is the NBAA Executive Director, CPA Pius Maneno.

Dar es Salaam, Tanzania — Absa Bank Tanzania has been recognized for its excellence in financial reporting after securing second place in the Medium-Sized Banks category at the 2024 Best Presented Financial Statements Awards, organized by the National Board of Accountants and Auditors (NBAA).

The prestigious accolade highlights the bank’s commitment to transparency, strong governance, and adherence to top-tier reporting standards—key pillars that continue to strengthen stakeholder trust and reinforce the bank's leadership in the financial sector.

During the award ceremony held recently in Dar es Salaam, the Deputy Minister of Finance and Planning, Mr. Laurent Luswetila, presented the award to Mr. Stivin Augustino, Head of Business Performance and Analytics, and Mr. Muhsin Kaye, Financial Controller at Absa Bank Tanzania. The moment underscored the institution’s dedication to producing high-quality financial statements that reflect accuracy, accountability, and clarity in line with NBAA guidelines.

Also present during the presentation was NBAA Executive Director, CPA Pius Maneno, who commended all participating institutions for upholding high reporting standards that support financial sector stability and transparency.

In a separate moment during the ceremony, Mr. Muhsin Kaye received the award on behalf of the bank and was congratulated by NBAA Board Chairperson, CPA Prof. Sylvia Temu, reaffirming Absa’s continued commitment to excellence in financial management and disclosure.

Speaking after the event, Absa representatives noted that the recognition serves as a motivation for the bank to continue enhancing its financial reporting processes, strengthening compliance, and ensuring that all stakeholders—including customers, regulators, and partners—receive credible and reliable financial information.

The event concluded with a group photo featuring the 2024 award winners in the Medium-Sized Banks category, with Absa Bank Tanzania well represented among the top performers.

This achievement adds to Absa’s growing list of accolades and underscores its role as a forward-looking financial institution committed to delivering value through transparency, disciplined performance, and stakeholder-centered reporting.

Absa Bank Tanzania’s Financial Controller, Mr. Muhsin Kaye (second left), shakes hands with the NBAA Board Chairperson, CPA Prof. Sylvia Temu, shortly after receiving the second-place award for Best Financial Reporting in the Medium-Sized Banks category for the year 2024, issued by the National Board of Accountants and Auditors (NBAA), during a ceremony held in Dar es Salaam. From right are the Deputy Minister of Finance and Planning, Mr. Laurent Luswetila, NBAA Executive Director, CPA Pius Maneno, and the bank’s Head of Business Performance and Analytics, Mr. Stivin Augustino.

Absa Bank Tanzania’s Head of Business Performance and Analytics, Mr. Stivin Augustino (left), and the bank’s Financial Controller, Mr. Muhsin Kaye, pose for photographers after receiving the second-place award for Best Financial Reporting in the Medium-Sized Banks category for the year 2024, issued by the National Board of Accountants and Auditors (NBAA).

Absa Bank Tanzania’s Head of Business Performance and Analytics, Mr. Stivin Augustino (third from left in the front row), poses for a group photo with fellow winners of the Best Financial Reporting awards in the Medium-Sized Banks category for the year 2024, issued by the National Board of Accountants and Auditors (NBAA), during a ceremony held in Dar es Salaam.