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| CRDB Bank Group Chief Executive Officer and Managing Director, Abdulmajid Nsekela (centre), exchanges greetings with CRDB Bank Dubai Country Manager and Principal Representative, Jackson Kehengu (left), during his visit to the Bank’s Dubai Representative Office as part of preparations for the official opening of the office scheduled for later this month. On the right is the Director of Corporate Affairs & Public Relations and CRDB Bank Foundation Managing Director, Tully Esther Mwambapa. |
DUBAI, UAE – CRDB Bank Group Managing Director and Chief Executive Officer, Abdulmajid Nsekela, has paid an official visit to the CRDB Bank Representative Office in Dubai, United Arab Emirates, marking a significant milestone ahead of the office’s formal launch scheduled for early January 2026.
During the visit, Mr. Nsekela received a comprehensive briefing on the operational progress of the office since it commenced official activities in October 2025. The briefing was delivered by Jackson Kehengu, CRDB Bank’s Representative in Dubai, who outlined early achievements, including the establishment of strategic relationships with investors, large-scale traders, and key financial partners in the Middle East.
According to the briefing, the Dubai office has already attracted strong interest from regional stakeholders keen to explore investment and trade opportunities linked to CRDB Bank’s expanding footprint in East Africa.
Dubai as a Strategic Global Business Hub
Speaking during the visit, Mr. Nsekela described Dubai as a critical global hub for trade and investment, particularly in the post-COVID-19 era amid shifting global economic dynamics. He noted that CRDB Bank had identified a strategic opportunity to strengthen financial linkages between the United Arab Emirates (UAE) and East Africa.
“For many years, CRDB Bank has played a pivotal role in facilitating trade and investment in Tanzania and across East Africa, particularly in Burundi and the Democratic Republic of Congo,” said Mr. Nsekela. “The Dubai office is designed to further strengthen this financial bridge between the Middle East and East Africa.”
Boosting Regional Economic Integration
Mr. Nsekela emphasized that the establishment of the Dubai Representative Office represents a major milestone not only for CRDB Bank but also for Tanzania’s broader economic development and regional integration efforts. He expressed appreciation to the Government of Tanzania for policy reforms that have enabled the bank’s international expansion.
He further commended President Samia Suluhu Hassan for her economic diplomacy agenda, which has enhanced Tanzania’s investment climate and strengthened international cooperation.
The CRDB Bank CEO also extended gratitude to key institutions that supported the establishment of the office, including the Tanzania Embassy in the UAE, the Bank of Tanzania, the Dubai Financial Services Authority (DFSA), and the Dubai International Financial Centre (DIFC), where the office is located.
Expanding Trade and Investment Opportunities
Highlighting the growing economic ties between Tanzania and the UAE, Mr. Nsekela noted that bilateral trade between the two countries has now surpassed USD 2.2 billion, underscoring the vast potential for increased capital flows and investment.
He encouraged business leaders and investors to leverage the CRDB Bank Dubai Representative Office as a gateway to financial services, investment advisory support, and access to opportunities in Tanzania, East Africa, and the UAE.
Continued Expansion Beyond Africa
Mr. Nsekela reaffirmed that while CRDB Bank continues to expand beyond the African continent, the institution remains firmly committed to deepening its presence across East and Central Africa, as well as the wider African market.
“Our international expansion complements, rather than replaces, our core strategy of supporting economic growth across Africa,” he said.
The Dubai Representative Office is expected to play a central role in positioning CRDB Bank as a key facilitator of cross-border trade, investment, and financial cooperation between Africa and the Middle East.
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