Akiba Commercial Bank (ACB) launches New Investment Product on 25 th September, 2019.
In a bid to offer attractive investment products for Tanzania from all walks of life, Akiba Commercial
Bank Plc has launched an innovative new product.
Dubbed “Akiba Lengo Investment Plan” the new product has unique and exclusive features that will
enable customers to accumulate funds towards fullfilling their life time dreams, whether it is buying
car, starting a new business, building/renting a house or taking that dream vacation.
Akiba Lengo Investment Plan (Akiba LIP) is designed to assist customers to achieve their investment
goals by making consistent monthly deposits until the attainment of the selected tenure.
Akiba LIP is easily accessible with low minimum subscription of TZS 20,000, flexibility to select
investment period between 1 and 5 years and attract interest up 12% per annum.
Akiba Commercial Bank Mwanza Branch Staff celebrated the World Enviromental Day by conducting cleanliness at Soko Kuu Mwanza (Mwanza Main Market) .
After cleanliness Akiba Commercial Bank donated all the cleaning items and gears to the leaders of the Market to ensure sustainable cleanness of market environment.
Akiba Commercial Bank held an annual general meeting that involved the Board Members, Bank Shareholders and Bank Management.
Akiba Commercial Bank Board Chairman Mr. Ernest Massawe addressing a speech during the Annual Meeting
A cross section of the shareholders reading documents during the proceeding
Akiba Commercial Bank Shareholder addressing during the meeting
Akiba Commercial Bank Shareholder Prof.Adolfo Mascanderas
Managing Director Mr. Augustine Akouwah Delivering a speech.
Akiba Commercial Bank has appointed Mr. Augustine Akowuah as its new Managing Director.
His appointment takes effect from September 01, 2018.
Mr. Akowuah brings to Akiba, many years of MSME banking experience, including experience in senior management positions in Ghana, Tanzania and Nigeria. His expertise is in the areas of MSME lending, strengthening credit risk management, and operational efficiency and performance-enhancing strategies.
Mr. Akowuah holds a Masters in Business Administration in Finance from Coventry University, UK. He is an alumnus of University of Ghana, where he graduated with Bachelor of Arts Degree in Economics. Mr. Akowuah is also a certified expert in Risk Management.
Board Chairman of Akiba Commercial Bank, Ernest Massawe commented, “The appointment of Augustine Akowuah to head our bank is testimony to our confidence in his qualification and experience in this intricate service industry. We desired to have someone whose professional edge aligns with our vision of serving Micro, Small and Medium enterprises, and we look forward to supporting his leadership strategy in growing our business and enhancing our customer experience”
On his part, Mr. Akowuah, welcomed “this opportunity to be part of the growth story of one of Tanzania’s growing local banks, and look forward to working with the team to position Akiba as a top choice for MSMEs”.
Since 1997, Akiba Commercial Bank has supported the growth of MSMEs in Tanzania, and currently operates from 18 branches in Dar es Salaam, Arusha, Dodoma, Mbeya, Moshi, and Mwanza.