Events Calendar
20
CRDB Bank partners for IMBEJU Youth Startup Empowerment Program
Venue: CRDB Bank HQ (Auditorium)
Free
CRDB Bank has taken a significant step in supporting the Government's efforts to promote economic inclusion in the country. The bank has signed an agreement with the IT Commission (ICTC) and the National Science and Technology Commission (COSTECH) through its 'IMBEJU' program. The program is focused on empowering women and youth economically by providing them with capital and support to develop their businesses.
Abdulmajid Nsekela, the CEO of CRDB Bank, expressed his optimism that the collaboration with these Government institutions would help to achieve the goals of the program to a large extent. He emphasized that ICTC and COSTECH have been doing an excellent job that reflects the Government's willingness to promote business and creative ideas. Nsekela noted that finding like-minded partners was essential to making the program effective and reaching many beneficiaries.
Dr. Nkundwe Mwasaga, the Executive Director of the IT Commission, expressed his excitement about the agreement signed with CRDB Bank. He said that the partnership would help young businesses in the IT sector to access capital and support to improve their ideas and innovative businesses. This, in turn, would promote employment in the country.
Dr. Amos Nungu, the Executive Director of the National Science and Technology Commission, noted that the agreements they entered into with CRDB Bank would align IMBEJU with the institution's programs that stimulate commercial innovation, including MAKISATU. This alignment would help stimulate the growth of young businesses in various sectors.
During the event, CRDB Bank also announced the establishment of a non-profit institution, the CRDB Bank Foundation. The Foundation's responsibility is to establish and implement innovative, sustainable, and participatory programs aimed at bringing social and economic prosperity as IMBEJU does. Tully Esther Mwambapa, the Communications Director of CRDB Bank, was introduced as the founding CEO of the CRDB Bank Foundation.
In her first speech as the CEO of CRDB Bank Foundation, Mwambapa called on young creative people to take advantage of the opportunity offered by the bank through the IMBEJU program implemented in collaboration with ICTC and COSTECH. She encouraged young people to use the recognition systems of these institutions to take advantage of the opportunity.
Mwambapa also invited young people to participate in a special empowerment seminar organized by the CRDB Bank on March 11, 2023, at the Julius Nyerere International Hall. The event will introduce the program to the official market, and empowerment will begin. The Prime Minister, Hon. Kassim Majaliwa, is expected to be the official guest at the event.
CRDB Bank yesterday reaffirmed its commitment to transform Kizimkazi festival into a huge and sustainable forum that will promote Zanzibar's tourism attractions and environmental conservation efforts.
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Our shareholders will find out how much they will pocket in dividends for this year over the weekend when the company holds its 26th Annual General Meeting (AGM). Last year, CRDB Bank Plc managed to break its 2015 record when its net profit jumped to Sh 153 billion from Sh123 billion in 2019. Prior to last year, the record net profit had been Sh129 billion in 2015 In absolute terms, last year’s profit before tax - which stood at Sh236 billion – was a 15 percent rise from profit before tax of Sh175 billion that was registered in 2019. The Bank’s Managing Director Abdulmajid Nsekela told journalists at the Mount Meru Hotel here yesterday that those shareholders who will not be able to attend the meeting in person in Arusha will be able to do so via a digital platform. “Our 25th AGM last year was conducted virtually and it was from that meeting that shareholders recommended that the 26th one be conducted through the normal model but at the same time allow other shareholders to attend virtually,” he said. The AGM was preceded by a seminar whereby shareholders will be schooled on a number of issues pertaining to finance and investing in the capital markets. Finance and Planning minister Mwigulu Nchemba graced the event where experts in finance, law, and investment in capital markets will take CRDB Bank Plc shareholders through a number of presentations. Last year, over 1,400 shareholders took part in the bank’s virtual AGM in line with the national Covid-19 preventive measures.
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Your career starts here. Come meet us at the Singida College of Accountancy on Saturday 28 January Career Fair 2022 and learn more about the financial sector and leadership.
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05
Free
Africa's Food Systems Forum 2023 Summit’s theme, “Recover, Regenerate, Act: Africa’s Solutions to Food Systems Transformation,” focuses on building back better food systems and food sovereignty with youth and women at the center. The theme identifies three steps needed to achieve this transformation: Recovery, Regenerate, and Act.
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