Tanzania Dar es Salaam. CRDB Bank Plc has for the second time this year scooped a prestigious international award as the best bank in the country.
The award has been issued by a New York-based financial publication-Global Finance, making it second following a similar award from the prestigious UK financial and economic magazine Euromoney granted in July, this year.
The accolade was issued during a gala dinner held at the National Press in Washington, in the US.
A statement issued yesterday by CRDB Bank PLC says the award is also embedded in the bank’s digital transformation strategy that has resulted in the cutting-edge digital offerings critical to driving the country’s financial inclusion agenda.
“We are privileged to be recognised as Tanzania’s best bank by the Global Finance once again. This is a recognition that we are on the right path in providing a differentiated experience to our customers and creating value for our shareholders while transforming the country’s financial sector,” he bank’s Group CEO, Mr Abdulmajid Nsekela, said in a statement.
Mr Nsekela dedicated the award to the bank’s esteemed customers, shareholders, and investors for supporting the business.
Global Finance founder and editorial director Joseph Giarraputo said the award recognises the commendable job done by CRDB in assisting businesses and Small and Medium Enterprises (SMEs) survival, recovery and thriving from Covid-19 challenges.
“All these efforts have continued to strengthen the bank, resulting in a strong performance,” he said.
The lender’s profit for the previous fiscal year stood at Sh268.2 billion, representing a notable 62.3 percent increase as compared to Sh165.2 billion recorded in 2020. CRDB recorded a Sh174 billion profit in the first half of 2022 as compared to Sh88 billion documented in the same period last year.
Mr Nsekela attributed the solid performance to the country’s favourable business environment, hailing the sixth phase government for ongoing efforts to improve the business and investment environment.
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Africa: Rwanda Gets a Grip Of Marburg, But Mpox ‘Not Yet Under Control’
Monrovia — The Rwanda Minister of State responsible for Health, Dr. Yvan Butera, cautioned that while the country is beginning to see positive signals in its fight against the Marburg virus, the outbreak is “not yet over”. He, however, expressed hope that “we are headed in that direction”. The minister said the epidemiology trend, since the disease was first discovered in the country more than a month ago, is moving towards fewer cases.
Dr. Butera, who was giving updates during an online briefing yesterday, said in the past two weeks, only two deaths were recorded while 14 people recovered from the disease. He said Rwanda was expanding its testing capacity with 16,000 people already inoculated against the disease.
The priority right now, Butera said, is “rapid testing and detection”.
Marburg is a highly virulent disease transmitted through human-to-human contact or contact with an infected animal. The fatality rate of cases, which has varied over the period, is more than 50%, according to the World Health Organization. WHO said the highest number of new confirmed cases in Rwanda were reported in the first two weeks of the outbreak. There’s been a “sharp decline” in the last few weeks, with the country now tackling over 60 cases.
At Thursday’s briefing, a senior official of the Africa Centers for Disease Control, Dr. Ngashi Ngongo, said mpox – the other infectious disease outbreak that countries in the region are fighting – was been reported in 19 countries, with Mauritius being the latest country to confirm a case. He said although no new cases have been recorded in recent weeks in several countries where outbreaks occurred previously – including Cameroon, South Africa, Guinea, and Gabon – Uganda confirmed its first Mpox death. This, he said, is one of two fatalities reported outside Central Africa.
Dr. Ngashi revealed that there was an increase in cases in Liberia and Uganda. He said mpox cases were still on an upward trend.
“The situation is not yet under control.”
Source: allafrica.com
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