TBA appoints NBC Tanzania’s MD Theobald Sabi as the new Chairperson

TBA appoints NBC Tanzania’s MD Theobald Sabi as the new Chairperson

The Tanzania Bankers Association (TBA) has elected NBC Bank Managing Director Theobald Sabi as Chairman for two years of tenure, renewable, effective January 2023.

A statement issued by the association said Sabi, a seasonal banker, was elected by TBA members at their 10th Annual General Meeting (AGM) held in Dar es Salaam on 19th December 2022.

He will be succeeding Abdulmajid Nsekela the Chief Executive Officer (CEO) – CRDB Bank, who has completed his two terms this December.

“I feel privileged to chair this important association. Banks have a special role in the inclusive economic development of our country. I look forward to working with all members to create meaningful value for stakeholders,” said Sabi.

Geoffrey Mchangila, Managing Director of Citibank Tanzania, was elected as the Vice Chairman of the Association.

Apart from the top leadership of TBA, the AGM also elected nine new members of the Governing Council, who will be responsible for oversight and policy decisions on TBA’s activities and direction.

The elected Council Members are Ruth Zaipuna, CEO- NMB Bank Plc; Dr. Salim Muhsin, MD- PBZ Bank; Isabela Maganga, MD-Equity Bank(T); Jaffari Matundu, CEO- EXIM Bank; Abdulmajid Nsekela, CEO and MD – CRDB Bank Plc.; Kevin Wingfield, CEO- Stanbic Bank; Abdi Mohamed, CEO and MD-Absa Bank(T); Herman Kasekende, CEO and MD – Standard Chartered; and Edward Talawa, CEO – FINCA Tanzania.

The Tanzania Bankers Association was established in 1995 as an association before being incorporated as a company limited by members’ guarantee in 2012. It is the main policy advocacy body for members of the banking fraternity seeking to create a common voice and a conducive environment for economic development and promoting financial literacy and inclusion. At the moment, TBA has a total of 42 active members.