28 December 2017

Tanzania: CRDB Bank Starts Searching for Kimei Heir

CRDB bank has started the process of searching for a new managing director almost two years before Dr Charles Kimei retires.

The bank constitution directs that the exercise to begin 18 months before the sitting MD retired. Dr Kimei will clock 21 years as the bank top boss by May 2019.

The process starts earlier to facilitate smooth succession, Dr Kimei announced Thursday morning.

He raised the bank from a verge of bankruptcy and turned it to be a leading financial institution in the country.

Twenty years ago the bank's assets were 54bn/- but grew to 5.9tri/- while deposits were 40bn/- and reached 4.3tri/-.

Tanzania

Locals Request Entry Into Tanzanite Enclosure

Residents of Mirerani Town in Simanjiro District have requested the government to allow them to pass through the main… Read more »

See What Everyone is Watching

Copyright © 2017 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.