Azania Bank
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PROFILE

 Azania Bank Limited is the first indigenous private bank in the United Republic of Tanzania, formerly known as 1st Adili Bancorp Limited established in 1995 following the liberalization of the banking sector.  

The major shareholders of the Bank include National Social Security Fund (NSSF) 34.8%, Parastatal Pensions Fund (PPF) 30.1%, Public Service Pensions Fund (PSPF) 17.2%, Local Authorities Pensions Fund (LAPF) 14.2%, East African Development Bank (EADB) 2.3% and several indigenous Minority Shareholders including staff holding 1.4% of the shares.

The Bank is currently providing banking services at 15 locations in Tanzania whereby 11 are full branches and 4 are agencies. There are four branches and one agency in Dar es salaam , branches are Masdo House  along Samora Avenue, Kariakoo Branch along Msimbazi Street, Tegeta Branch along Bagamoyo Road and Mwenge Branch near Mwenge Bus Stand. The agency is at Mawasiliano Towers building on the ground floor along Sam Nujoma Road near Ubungo , it is a premises which also hosts the Banks Head office.

In Arusha  the Bank has two branches namely Mbauda along Oljoro road and  Arusha City located at Wapare Street in City Centre. In Moshi our branch is at Market Street. In Mwanza the Bank has two branches, one at  Mwaloni near Mwaloni Fish Market and the other one is at Nkrumah situated along Nkrumah Street in Mwanza. In Shinyanga the bank has a branch at Kahama town Centre and an agency at Kagongwa. The Bank also has a branch at Geita town centre and an agency in Katoro, both in new Geita region. The Bank also operates an agency at Lamadi in Simiyu Region located along Musoma road. 

The bank is a shareholder of Umoja Switch Company which has more than 24 member Banks sharing a common EFT Switch and payment infrastructure platform through ATM’s throughout the country. In this shared infrastructure member banks are now implementing additional services like internet banking that will facilitate online fund transfers through accounts in different banks, mobile banking, online air time recharge, utility bill payments and exploring options for institution of gateway to other international networks like VISA, Master Card etc.

Azania Bank is one of the pioneer banks with an equity investment in Tanzania Mortgage Refinance Company Limited (TMRC), an institution created to provide long term financing to member banks to support creation of a vibrant mortgage market in the country.

 

ORGANIZATIONAL STRUCTURE AND STAFF COMPLIMENT

The management of the Bank is under the Managing Director who is supported by Eight (8) functional Directorates namely Finance, Banking Operations, Credit, Information Technology, Internal Audit, Legal Services, MD’s Office and Human Resources & Administration, each headed by a functional Director. The functional directors are assisted by managers. The branches are managed by Branch Managers reporting to Director of Banking Operations. Current staff compliment stands at 250 employees whereby 114 are females and 136 are males as of August 2013.

VISION STATEMENT

‘To be a One Stop Financial Center’.

MISSION STATEMENT

“Committed to availing freedom of access to a range of quality financial services to our customers using competent and dedicated staff applying appropriate technology”.

The Mission of the Bank is supported by the following ethical framework of the institutions:

·         Integrity

·         Innovation

·         Team Spirit

·         Commitment

·         Responsiveness

Board of Directors:

     S/N.

NAME

DESIGNATION

INSTITUTION

1.

Mr. William E. Erio

Chairman

Representing PPF

2.

Mr. Yacoub  M. Kidula

Vice Chairman

Representing NSSF

3.

Mr. Ludovick S. Mrosso

Director

Representing NSSF

4.

Mr. Nathan E. Mnyawami

Director

Representing PPF

5.

Mr. Gabriel J. Silayo

Director

Representing PSPF

6.

Mr. Eliud B. Sanga

Director

Representing LAPF

7.

Mr. Andulile J. Mwakalyelye

Director

Representing EADB

8.

Mr. Arnold B. Kilewo

Director

Representing Minority Shareholders

9.

Mr. Charles G. Singili

Director

Managing Director

                           

            Alternate Directors

S/N.

NAME

DESIGNATION

INSTITUTION

1.

Mr. John W. Kida

Alternate Director

Representing LAPF

2.

Mr. Ibrahim Maftah

Alternate Director

Representing PSPF

3.

Amb. Dora Mbezi [Rtd.]

Alternate Director

Representing Minority Shareholders

 

CONTACT DETAILS:

Azania Bank Ltd

P.O. Box 32089,

Tel # : 2412025/26/27

Fax # : 2412028

Swift Code: AZANTZTZ

Website: www.azaniabank.co.tz

Email: info@azaniabank.co.tz

Mawasiliano Towers, Sam Nujoma

Dar es Salaam

 

“The One Stop Financial Center”

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