Dar Es Saalam —
Former head of Treasury at Exim Bank Tanzania Mr George Shumbusho has
been named the new managing director of Mkombozi Commercial Bank.
Mr Shumbusho, whose
appointment started January 1, succeeds Ms Edwina Lupembe, who retired
from service on December 31, last year. Ms Lupembe led the bank since
its establishment nearly eight years ago.
Mr Shumbusho who is
an expert in international markets holds a Master's degree in Business
Administration he obtained from Maastricht School of Management/ Eastern
Africa Management Institute (MsM/Esami).
"The bank board
congratulates the outgoing managing director for her exalted service
during her tenure, which has turned the bank as one of the banks of
choice in quality services," said a statement issued by the bank
management January 24.
The management
statement says the board believes that Mr Shumbusho will use his
expertise in marketing and communications to spearhead the bank success
going forward.
Mkombozi Commercial
Bank Plc (MKCB) started as an initiative of the Tanzania Episcopal
Conference to establish a commercial bank with the main objective of
serving and supporting the emerging Tanzanian businesses for provision
of financial services.
The bank is also
listed at the Dar es Salaam Stock Exchange (DSE) trading as MKCB. Its
share price as of yesterday's market report was Sh840 with the market
capitalisation of Sh17.32 billion.
Source: The Citizen
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