A seasoned economist and academic,
Professor Joseph Semboja, has been elected Chairman of the Board of
Directors of the National Microfinance Bank (NMB), effective November 5,
this year.
Prof. Semboja takes over from Mr Misheck
Ngatunga who retired in May, this year. “Prof. Semboja is an
acknowledged leader in the field of development economics, with
extensive research experience in the areas of growth and poverty
reduction in sub-Sahara Africa.
NMB said in the statement that Prof. Semboja
brings to the bank an extensive network of individuals and institutions
operating in differing environments both nationally and
internationally.
Prof. Semboja holds a B.A and M.A
degrees from the University of Dar es Salaam (UDSM); M.Sc and Ph.D. from
the University of Illinois, Urbana-Champaign in the United States.
He
taught economics at UDSM, headed a highly regarded think tank, Research
on Poverty Alleviation (REPOA) and now heads a leadership capacity
building organisation, Institute of African Leadership for Sustainable
Development (UONGOZI Institute).
The Management and staff of NMB welcomed
the appointment of Prof. Semboja, describing him as: “A highly
competent and seasoned board member who will bring value and contribute
towards achieving NMB vision of becoming the preferred financial partner
in Tanzania.”
NMB is the leading retail bank in
Tanzania, with 1.7 million customers, 143 branches and 2,800 employees.
The bank has a fully-fledged mix of lending, transactional, savings and
treasury solutions for its retail, wholesale and government customers.
NMB pioneered mobile banking in Tanzania
with 700,000 registered users and is the largest debit card issuer with
over 1.2 million cards in circulation, and close to 500 ATMs. NMB is
listed on the Dar es Salaam Stock Exchange (DSE).
Source: The Daily News, http://www.dailynews.co.tz
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