CRDB to continue holding AGMs at AICC

CRDB's shareholders has reiterated its position to continue holding the bank's shareholders' annual general meetings (AGMs) at the Arusha International Conference Centre (AICC) in Arusha despite calls by some quarters to move the meetings to Dodoma.

Various shareholders recommended the meetings be moved to Dodoma because it is at the heart of the country, making it easy for participants from across the country to get there conveniently. The bank's shareholders are literally drawn from all regions and districts of the country.

The shareholders repeated their call to shift the venue during the 17th AGM held over the weekend at AICC in Arusha, last week.

CRDB Managing Director, Dr Charles Kimei, expounded on the bank's position, saying that the recommendations by shareholders has been well received by the management but there is no other region in the country, including Dodoma, with facilities to hold over 1,000 delegates at once.

"It is only Arusha which has such a large venue (Simba Plenary Hall of AICC with a capacity of 1,200 people)," stated Dr Kimei, adding that other factors were also taken into consideration including accommodation and infrastructure.CRDB Bank, with a customer base of 1.1 million, has 33,000 Tanzanian shareholders who meet annually in Arusha to hear and contribute ideas on the bank's performance and progress.

The bank's AGM brings together around 1,000 participants to those meetings and it is only in Arusha that the number can be well accommodated in terms of hotels and venue accessibility.

The AICC complex is located in the centre of the town making it easily accessible from whichever area that CRDB delegates will be staying without suffering the inconvenience of traffic jams.

The next CRDB AGM is therefore going to take place again in Arusha in May 2013. Shareholders from Mwanza advised the bank to construct a large conference hall in Mwanza where they claimed the bank has most customers and shareholders.
Source: The Daily News,, reported by Marc Nkwame in Arusha
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