Careers At Akiba Commercial Bank Plc (ACB)
Akiba Commercial Bank Plc (ACB)
commenced banking operations in August 1997 as an
initiative of over 300
Tanzanian entrepreneurs who were inspired to move into micro-finance, by the
moral and economical concern for the plight of millions of Tanzanians.
These founding members were bound
together by a strong conviction that in Akiba Commercial Bank they will have
the vehicle through which they would reach and help transform the lives of
previously unbanked and commercially ill-equipped people around the country.
The bank’s essence was to support
the emergence of start-up Tanzanian businesses through the provision of
financial services at all levels by a Tanzanian-owned commercial bank which
understood the people it aimed to serve and was committed to.
This was the original, very firm
and deep rooted mission of its founding members.
In order to strengthen the
resource base of the bank, the founding members over time invited like-minded
local and international investors to coalesce their resources, strengths, and
expertise for the common vision of growing ACB’s services and reach. These
institutions were also invited because they were willing to participate
actively without being driven by profits as their main objective, but rather
they were committed to uplifting the economic status of Tanzanians irrespective
of their socio-economic positions in life provided they had entrepreneurial
skills that can be nurtured. ACB’s target market is small and medium sized
entrepreneurs, companies and community banks.
Today ACB has expanded its
services beyond Dar es Salaam successfully establishing itself as a strong
presence in the Tanzanian banking sector which has one of the highest numbers
of banks in Africa. ACB has also broadened its reach enabling it to provide
financial services to customers of all levels including college and university
students, entire families, home owners, business owners, as well as private
operations.
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