The Latest

Abdulmajid Nsekela, CEO of CRDB Bank, Wins Tanzania’s Top Executive Awards 2023

November 27, 2023
2 minute read
Tanzania Top Executive Awards 2023

Abdulmajid Nsekela, CEO of CRDB Bank, secured the title of Best Executive of the Year 2023 at the Tanzania 100 CEOs Awards Gala held at The Super Dome in Dar es Salaam.

The event, which took place on November 24, gathered achievers from various industries to recognize outstanding leadership.

Nsekela’s victory follows his recent recognition as the most influential director in the country at the Consumer Choice Awards Africa (CCAA) 2023, underscoring his commitment to excellence and visionary leadership in the banking sector.

Tanzania Investment Guide 2026 Free Edition

The gala also acknowledged distinguished professionals from various industries, including Hosea Kashimba, a member of CRDB Bank’s Board of Directors and the Director General of the Social Security Agency for Public Servants (PSSSF), who earned the title of Best Director of the Year for public organizations.

The list of winners for the 2023 Tanzania Top 100 Executive Awards is as follows:

  • Best Executive of the Year: Abdulmajid Nsekela, CEO of CRDB Bank
  • Best Director of the Year (Public Organizations): Hosea Kashimba, Board Member of CRDB Bank and Director General of PSSSF
  • Best Director of a Private Institution: Tully Esther Mwambapa, Communications Director of CRDB Bank and Executive Director of CRDB Bank Foundation
  • Best Chairman of the Board of Directors: Adam Kastay, Equipment Specialist in the Northern Region and Chairman of the Board of Directors of the Nice Orphans’ Center in Arusha

The Tanzania 100 CEOs Awards Gala served as a platform not only to honor outstanding executives but also to facilitate insightful discussions on various industry topics, fostering collaboration and innovation.

As the event concluded, there was a palpable sense of optimism, emphasizing the vital role of visionary leadership in propelling Tanzania’s economic development.

Want to know more about Banking in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Banking, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free OverviewGet the Full Guide
Tweet
Share
Share
Share
Related Posts
Axian Acquisition Letshego Bank Tanzania
Read More

Yas Owner Axian To Acquire 100% Of Tanzanian Lender Letshego Faidika Bank

Axian, the group behind Yas mobile operator, is acquiring 100% of Letshego Faidika Bank Tanzania, a licensed Tier II commercial bank, with the transaction now under review by the country's Fair Competition Commission. The deal forms part of Letshego Africa Holdings' disposal of its Ghana, Tanzania, Nigeria, Rwanda and Uganda subsidiaries agreed on 27 April 2026, and would add a banking licence to a group that already operates the country's second-largest mobile money service.
Central Bank of Tanzania BOT CBR Interest Rate Q3 2026
Read More

BOT Raises Tanzania Central Bank Rate to 6.25% for Q3 2026; GDP Growth Estimated at 6% in H1 2026, Driven by Agriculture, Construction, Mining, and Tourism

The Bank of Tanzania (BOT) released its Monetary Policy Committee Statement of July 2026, in which it indicates that the MPC decided to raise the Central Bank Rate (CBR) from 5.75% to 6.25% for the third quarter of 2026. The decision aims to contain inflation driven by high energy, fertilizer, and transportation costs linked to the geopolitical conflict in the Middle East.
Bank of Tanzania Financial Stability Index 2014-2025
Read More

Tanzania Banking Assets Up 23.8%, Capital Markets Up 35.1%, Social Security Up 21.4%, Insurance Up 6.8% in 2025

The Bank of Tanzania Financial Stability Report for 2025 shows banking sector total assets grew 23.8% to TZS 76,975 billion, private sector credit expanded 23.5% with mining up 30.1% and trade up 29.4%, and the non-performing loans ratio fell to 2.8%, the lowest in the East African Community. Total capital market investment rose 35.1% to TZS 63,096.4 billion, social security assets grew 21.4% to TZS 25,921 billion, insurance assets rose 6.8% to TZS 2,633.6 billion, and foreign reserves stood at USD 6,312 million covering 5.2 months of imports.
Central Bank of Tanzania BOT CBR Interest Rate Q2 2026
Read More

BOT Keeps Tanzania Central Bank Rate at 5.75% for Q2 2026; GDP Growth Reached 6.2% in Q1 2026, Driven by Construction, Agriculture, Financial Services, and Tourism

The Bank of Tanzania (BOT) recently released its Monetary Policy Report of April 2026, in which it indicates that the Monetary Policy Committee (MPC) decided to keep the Central Bank Rate (CBR) at 5.75% in Q2 2026. The decision reflects a cautious policy stance aimed at balancing the risks to inflation and economic growth outlook, in the face of the current unprecedented geopolitical tensions in the Middle East.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide