Issue No I - May 2021 [Link].
tz
NEWS FEATURES:
TIOB LAUNCHED
TIOB launched digital mem-
bership identification cards ....... 1
DIGITAL MEMBERSHIP
TMRC to raise 7.0 bn/= through
bond issuance .................................... 2
IDENTIFICATION CARDS
89 bankers registered for short
course /training
programme at TIOB: ..................... 3
TIOB re-defined mission and
vision to enhance its
mandates .............................................. 4
Testimonials ....................................... 5
The Tanzania Institute of tive Officers of banks and other • Used as a wallet that accepts
Bankers (TIOB) has officially financial institutions or their deposits and withdrawals through
launched new digital representatives, representatives
membership identification of Chief Executive Officers of ATM’s.
cards for individual members other Professional Bodies and • Enable members to make
of the Institute. individual members of the various payments which are
The event took place on the 13th Institute.
due to the Institute and other
April, 2021 at the Institute’s “The launched identification
Conference Hall. The launching cards, will be issued to all retail business outlets.
was made by Mr. Boma Laballa - existing and new members • Provide Life Insurance Coverage
Director of Small and Medium applying for membership to to holders of the cards and their
Retail Customer of CRDB who Institute” said Mr. Patrick
spouses.
represented Managing Director Mususa – Executive Director of
of the CRDB Bank Mr. Abdul- the Institute. Mr. Patrick further
It was also said that, members of the
majid Nsekela. Other invited reiterated that, TIOB
guests who were present during membership card will also Institute will be able to pick their
the launching are Chief Execu- serve for the following purpose; digital identification card at any
branch of CRDB of their choice.
1
TMRC TO RAISE 7.0
BN/= THROUGH
BOND ISSUANCE
BY ABDUL ELINAZA
TANZANIA Mortgage Refi-
nance Company (TMRC) has
issued a third tranche of five
years bond which poised to
attract debt investors due to its
attractive yield.
TMRC said on Thursday that it
wants to raise 7.0bn/- with a
coupon rate of 10.48 per cent
to facilitate mortgage business
in the country.
The third tranche, which is part of
the 120bn/- approved amount in
2018 in allocation of five year
each, came when the previous
two tranches were over sub-
scribed. TMRC said the bond is
opened to all Tanzanians, natural
and corporate and three weeks
application lists started on country. 2019 had rate of 10.62 per cent. The
Thursday. The debt and stock analyst, further first tranche was subscribed by over
Vertex Financial Services Econ- said, TMRC is a sound business 4.0 per cent to 12.5bn/- and was
omist Ahmed Nganya said the due to its business models and later listed on DSE.
yield looks very attractive and investors which are backed by TMRC is a financial institution
superior compared to the 5-year commercial banks and pensions. owned by banks and non-bank
Treasury bond of 9.13percent. “We recommend investors to institutions with the sole purpose of
“The coupon rate of 10.48per cent consider this medium term note as supporting banks to do mortgage
looks very attractive for [the it offers a great opportunity for lending by refinancing banks’
bond] considers withholding tax diversification,” Mr Nganya said. mort-gage portfolios.
impact on interest and its annual The bond will be listed on Dar es TMRC shareholders including
return,” Mr Nganya told ‘Daily Salaam Stock Exchange (DSE) late CRDB, NMB, EXIM Bank, Azania
News’: “We think the timing is next month similar to the previous Bank, TIB Development Bank,
right for this as it goes on tan- tranche one and two. The second BancABC, DCB Commercial Bank,
dem with current yield trend… tranche, which TMRC wanted to NBC Bank, BOA Bank, I&M Bank,
yields keep on increase with ev- raise, 8.0bn/-, was oversubscribed People’s Bank of Zanzibar, NCBA
ery bonds and bills auction.” The by over 16 per cent since had high Bank, National Housing Corporation
corporate bond proceeds will be yield rate. The bond fetched (NHC), Shelter Afrique, Mkombozi
used to provide affordable loans 9.28bn/-, instead. The second Commercial Bank, First Housing
to people and financing other tranche offered a fixed coupon rate
NFinance Co and International Fi-
development projects in order to of 13.46 per cent while the
nance Corporation (IFC).
improve the housing sector in the Treasury bond of May
2
89 BANKERS REGISTERED FOR
SHORT COURSES /TRAINING
PROGRAMMES AT TIOB:
By our Reporter While giving an update on the overall training
• 89 Bankers signed up for short courses / programmes at TIOB in year 2021, Mr. Ally said that,
Trainings: 3 to 4 days training programmes more than 33 courses are being offered, some of them
through public setting or in-house, beginning from
• More than 33 training programmes are January to December 2021. More courses will be
available up to December, 2021 rolled out during the period depending on the demand
from members, he added.
• Programmes for bridging skills gaps is critical
to enhance productivity in the financial sector. By strengthening existing skills in the financial
sector and building up new training programmes
The Tanzania Institute of Bankers (TIOB) regularly is an effective way through which
embarked on offering short courses planned for employees of banks can access better and broader
the current year, as such it has witnessed about opportunity for learning that will enhance
89 sign up participants for trainings offered for productivity in the sector, said Mr. Ally.
the period from January to April, 2021 said He further revealed that, many programmes con-
Training Manager, Mr. Ally Mleh. ducted by the Institute are tailored to meet the
Training Programme offered during the period needs of our members, and they aimed to equip
were on, Operational Risk Management, Non- lower cadre, middle cadre, experienced
Performing Loans, Mortgage Finance, Bank professionals, bank employees, Managers, and
Performance Analysis and Leadership Essentials. Executives with skills to help them pivot into
All these courses were designed to upgrade careers.
employees of banks to acquire relevant Most of training programmes organised and
industrial skills particularly now where the conducted by the Institute were hands-on and highly
economy is gradually recovering from the applied, combining training, industry mentorship
covid-19 crisis. and real life business case study, he said. Some of
them are being held virtually and live webinars and
face to face classes.
3
TIOB RE-DEFINED MISSION
AND VISION TO ENHANCE
ITS MANDATES
Founded in 1993 as a Profession-al
Body in Banking and Finance in
Tanzania with a mandate to promote
banking profession by providing
professional banking education and
skills development to employees of
banks and other financial Institutions.
In view of the above, the Institute is
prepared and in the move to promote
economic growth by offering financial
accreditation that will enhance value
and ethics in the global banking and
financial sector sustainably.
In support of the Mission, the
Institute is committed to:
• Develop competent financial
services providers through a
wide range of high quality
professional banking
accreditation programs and
innovative learning opportunity
• Respond to our members needs
by providing world class
member services
• Provide service excellence
through strong strategic alliances
• Become a formidable consultative
partner in all matters concerning
financial knowledge and the bearer
of professional standards.
• Enhance competencies of the
TIOB Team and its professional
partners through an organisation
wide skills development process.
4
TESTIMONIALS
Whitness Kalemera – CPB Graduate
I graduated from TIOB in 2018. I give a great deal of
credit for any success I have had in my professional
career to the banking education I received at the
institute. CPB program have a high regard for ethics,
objectivity, and hard work. The program provided me
with both knowledge and insight about banking and
financial theories with real world application. This led
me to secure a job, as well as help me plan and invest
for my future.
Dr. Kamugisha Rwechungura – CPB Graduate
CPB program provide me a unique and powerful
foundation to build my career. The program also
equipped me with the tool needed to pass the CPB exam
and start my career as a banker. There were numerous
opportunities to interact with employers to secure
internship during the program and after graduation. I am
grateful and proud to have been part of the CPB
Graduates.
Saad Mwang’onda – Branch Manager
I attended Bank Branch Management training organized
by TIOB in 2019. The training provided a great
opportunity for continuing professional development
and to network with peers from different banks. The
training content was well curated; trainers were
knowledgeable and they facilitated lively valuable
discussions.
Maria Mgendera – CPB Graduate
I am thankful for TIOB’s commitment to prepare for the
workforce. The Institute’s connection with banks was
highly beneficial as kept candidate’s current with
important job skills and incorporate them into their
courses. Additionally, I got an opportunity for a
graduate training programme at one of the banks
through TIOB. This not only gave me exposure to the
work environment but also allowed me to showcase my
skills and network with potential employers.
George Ngazi – Zonal Business Analyst – CRDB
Bank South Zone
I had an opportunity to attend East African Banking
School that was organized by TIOB. The School offers
comprehensive understanding of new issues delivered
by prominent speakers with examples of
implementation on ethics in the digital age of financial
services. I gained valuable knowledge, fruitful
discussion, and of course high value of long-time
networking with fellow bankers across East Africa.