NCBA Bank names new Tanzania MD

NCBA Bank Tanzania has declared expansion intentions into major economic areas such as FMCG, transportation, energy, and manufacturing.

NCBA bank has unveiled its new Managing Director and CEO, Claver Serumaga, who will lead the lender into the future.

Speaking at a gala dinner for customers over the weekend, Group Managing Director John Gachora stated that they have learned that Tanzania’s prosperity is linked to the growth of these key economic sectors, and that they want to be a part of that success.

According to Mr Shoko, NCBA Bank is well-positioned to facilitate the growth of businesses across borders with its regional presence in Kenya, Uganda, Rwanda, and the Ivory Coast.

“Despite the challenges posed by the Covid-19 pandemic, NCBA Bank Tanzania has continued to thrive, thanks to its launch of the NCBA brand in multiple markets and the expansion of its digital products, including M-Pawa, which has served nearly 7 million customers. The bank is dedicated to providing financial services to the unbanked population, and its efforts have been recognized with the best digital bank award in the country,” he said.

According to him NCBA Bank Tanzania is committed to serving its customers and going greater together.

“The bank recently received an additional Sh40 billion in capital injection from group shareholders, providing the necessary resources to see through its strategic growth plan”.