The National Board of Accountants and Auditors (NBAA) presented CRDB Bank Plc with the award during its Annual General Meeting (AGM) which was held in Zanzibar.
CRDB Bank Plc said in a statement yesterday that the awards were presented by Minister of State in the President’s Office (Zanzibar) Jamal Kassim Ali who commended the lender for the honour.
“The award shows the lender’s proven competence in the presentation of financial statements in line with national and international standards,” said Mr Ali in a press statement seen by The Citizen yesterday.
He went on saying: “This award is a reflection of the investment in modern systems that not only increase efficiency, but also enhance your stakeholders to get standard information.”
He urged other institutions to borrow a leaf from CRDB, saying the bank’s achievement was an indication of good governance.
CRDB Chief Financial Officer Fredrick Nsekanabo attributed the bank’s handsome performance to a good leadership system which respects principles of good governance, professionalism, transparency, accountability and integrity.
“In the past three years we have made massive investment in our digital systems. It is on that ground that we have been doing well in preparation of financial statements,” he said.
Mr Nsekanabo said bagging the award for the third consecutive year is a catalyst for the bank to do even better.
NBAA executive director Pius Maneno said CRDB emerged the winner after meeting the set criteria by over 90 percent.
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Tanzania: Exim to Raise Fund for Mental Health Facilities Upgrades
EXIM Bank to raise 300m/- over the next three years for financing essential services and infrastructure upgrades in mental health facilities.
The bank’s Head of Marketing and Communications Stanley Kafu unveiled this when introducing Exim Bima Festival 2024 as a platform for bringing together individuals, organisations and various sectors for raising the funds.
“Exim’s initiative aligns with the government’s broader goals to ensure that every citizen has access to quality healthcare, including mental health services,” he said.
The initiative, which is one of the events for celebrating the bank’s 27th anniversary is scheduled for Wednesday this week in Dar es Salaam.
Mr Kafu highlights that this year’s festival is not only about raising awareness of the importance of insurance in the society but also focuses on enhancing access to mental health services and improving the overall well-being of the nation.
Statistics from the Ministry of Health shows a staggering 82 per cent increase in mental health cases over the past decade.
Mental cases have risen from 386,358 in 2012 to 2,102,726 in 2021, making the need for mental health services more urgent than ever.
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Unfortunately, the country’s ability to address this growing challenge is hindered by a shortage of mental health professionals, infrastructure, medical equipment and essential medication.
For example, out of the 28 regions in the country, only five have facilities that provide adequate mental health services.
The most affected group is the youth aged 15 to 39, who represent the nation’s workforce, underscoring the need for intensified efforts to safeguard this generation for Tanzania’s future well-being and development.
Mr Kafu said by improving mental health services, Exim aims to contribute to the creation of a network of communities that can access care quickly and affordably.
Exim Insurance Department Manager Tike Mwakyoma said they are appreciating the support from partners in the insurance industry, who have stood by them since the last festival.
“Let’s continue this unity for the development of all Tanzanians and our nation as a whole,” the manager said.
Source: allafrica.com
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