Tanzania Bankers Association (TBA) appoints NBC Bank’s MD as the new chairman
Mr. Theobald Sabi, the new chairman of the Tanzania Bankers Association (TBA). PHOTO | FILE
What you need to know:
- Mr. Sabi, a seasonal banker, was elected by TBA members at their 10th Annual General Meeting (AGM) held in Dar es Salaam on December 19, 2022
Dar es Salaam. The Tanzania Bankers Association (TBA) members have elected NBC Bank Managing Director Mr. Theobald Sabi as Chairman for two years of renewable tenure, effective January 2023.
Mr. Sabi, a seasonal banker, was elected by TBA members at their 10th Annual General Meeting (AGM) held in Dar es Salaam on December 19, 2022. He is succeeding Mr. Abdulmajid Nsekela, CEO of CRDB Bank, who completed his two terms this December.
Mr. Geoffrey Mchangila, Managing Director of Citibank Tanzania, was elected as the Vice Chairman of the Association.
Commenting about the appointment, Sabi said, "I feel privileged to chair this important association. Banks have a special role in the inclusive economic development of our country. I look forward to working with all members to create meaningful value for all stakeholders," he said.
The Tanzania Bankers Association was established in 1995 as an association before being incorporated as a company limited by members’ guarantee in 2012. It is the main policy advocacy body for members of the banking fraternity, seeking to create a common voice and a conducive environment for economic development and promoting financial literacy and inclusion. At the moment, TBA has a total of 42 active members.
The 10th TBA-AGM also approved the new five-year strategy (2023-2028) that sets out the vision, mission, and strategic choices focusing on advocacy, research and analytics, communication, and engagement with strategic partners, as well as the promotion of competence and professionalism in a bid to contribute to the growth of the banking sector and spearhead social and economic prosperity.
Apart from the top leadership of TBA, the AGM also elected nine new members of the Governing Council, who will be responsible for oversight and policy decisions on TBA’s activities and direction. The elected council members are Ms. Ruth Zaipuna, CEO of NMB Bank Plc; Dr. Salim Muhsin, MD of PBZ Bank; Ms. Isabela Maganga, MD of Equity Bank (T); Mr. Jaffari Matundu, CEO of EXIM Bank; Mr. Abdulmajid Nsekela, CEO and MD of CRDB Bank Plc; Mr. Kevin Wingfield, CEO of Stanbic Bank; Mr. Abdi Mohamed, CEO and MD of Absa Bank (T); Mr. Herman Kasekende, CEO and MD of Standard Chartered; and Mr. Edward Talawa, CEO of FINCA Tanzania.
The Tanzania Bankers Association is a member-based advocacy body for the banking sector that endeavours to bring members together through cooperation and collaboration in common interests.
TBA is the voice of the nation’s Sh 46.9 trillion banking industry, composed of small, regional, and large banks; the sector directly employs around 17,000 people and more than 2 million people indirectly through financing their various economic activities, including business; it safeguards at least Sh 29.4 trillion in deposits; and it extends more than Sh 27.2 trillion in loans.
