Prime
European research body awards CRDB Bank for supporting development
Tanzania ambassador to Belgium Jestas Nyamanga (second right) along with Msita Masele CRDB Bank’s senior manager for strategic partnerships and alliances holding the International Diamond Prize for Excellence in Quality 2023 from the European Society for Quality Research (ESQR) won by the bank yesterday. Others are CRDB Bank’s Head of Corporate Communications, Emmanuel Kiondo (second left), and centre is Michael Harris, ESQR Chief Advisor. PHOTO | COURTESY
What you need to know:
- The international accolade to CRDB follows the March 2023 receipt of a Euros 150 million facility from the European Investment Bank for supporting micro, small, and medium-sized enterprises across Tanzania
Brussels. The European Society for Quality Research (ESQR) has awarded CRDB Bank the International Diamond Prize for Excellence in Quality 2023 for showing strong commitment to supporting Tanzania’s economic growth and development.
The award handover ceremony was held on Sunday in Brussels at the Headquarters of the European Union.
The EU recently signed a 179.35 million Euros (about Sh466 billion) grant agreement with the Tanzanian government to support policy changes, industry growth, and infrastructure development.
"This prestigious accolade is a testament to our employees' hard work and dedication, who constantly strive to deliver exceptional financial solutions and services to our customers. As we continue implementing our medium-term strategy, we are committed to upholding the highest standards of quality and innovation in everything we do to become the undisputed leaders in all markets we operate," said Abdulmajid Nsekela, Group CEO of CRDB Bank.
The international accolade to CRDB Bank follows the March 2023 receipt of a EUR 150 million (about Sh390 billion) facility from the European Investment Bank for supporting micro, small, and medium-sized enterprises across Tanzania.
Tanzania’s ambassador in Brussels, Belgium, Mr Jestas Nyamanga expressed his gratitude for the recognition of the Tanzanian bank at the international stage.
"We are immensely proud of the CRDB Bank to receive The International Diamond Prize for Excellence in Quality 2023 from the European Society for Quality Research. This award highlights the government's commitment to providing a conducive business environment for the private sector to thrive, thanks to the strong leadership of President Samia Suluhu Hassan," he said.
In his remarks, Mr Michael Harris from ESQR congratulated the Bank for scooping the award for the second time after doing the same in 2021.
"I wish the Bank to continue making the difference that it has made so far and lead the markets with integrity, honesty, and most importantly, humanity," said Mr Harris.
