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.
Share this news
This Year’s Most Read News Stories
President Samia takes on Tanzania’s web of corruption
The President takes on the web of corruption in the Tanzanian government and quasi-government institutions flagged by the newest report by Controller & Auditor-General Charles Kichere. Continue Reading
European Union Bans Air Tanzania Over Safety Concerns
Kampala — The European Commission added Air Tanzania to the EU Air Safety List, banning the airline from operating within European Union airspace. This decision follows the denial of Air Tanzania’s Third Country Operator (TCO) authorization by the European Union Aviation Safety Agency (EASA), citing significant safety deficiencies.
The EU Air Safety List includes airlines that fail to meet international safety standards. Commissioner Tzitzikostas emphasized the importance of passenger safety, stating: “The decision to include Air Tanzania in the EU Air Safety List underscores our unwavering commitment to ensuring the highest safety standards. We strongly urge Air Tanzania to take swift action to address these safety issues. The Commission has offered its assistance to Tanzanian authorities to enhance safety performance and achieve compliance with international aviation standards.”
Air Tanzania joins several African airlines banned from EU airspace, including carriers from Angola, the Democratic Republic of Congo, Sudan, and Kenya. Notable names include Congo Airways, Sudan Airways, and Kenyan carriers Silverstone Air Services and Skyward Express. The ban reflects the EU’s strict approach to aviation safety worldwide.
Source: allafrica.com
Kampuni ya Elon Musk kuzindua mtandao Tanzania
Huduma ya mtandao ya Elon Musk ya Starlink inatarajiwa kupatikana nchini Tanzania katika robo ya kwanza ya 2023, huku wachambuzi wakisema maendeleo hayo mapya yatakuza uchumi wa kidijitali.Continue Reading
