{"id":25322,"date":"2021-03-19T18:28:48","date_gmt":"2021-03-19T18:28:48","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=25322"},"modified":"2021-03-19T18:28:48","modified_gmt":"2021-03-19T18:28:48","slug":"acb-promises-better-services-after-merger-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2","title":{"rendered":"ACB PROMISES BETTER SERVICES AFTER MERGER"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> AKIBA Commercial Bank (ACB) has pledged major and positive changes in services delivery after a takeover by National Bank of Malawi (NBM).<\/p>\n

NBM, one of the Malawi leading bank and listed on Malawi Stock Exchange, has injected some 17bn\/- to boost ACB capital thus warranting better service delivery.<\/p>\n

ACB\u2019s Acting Managing Director Juliana Swai said the merger aimed at strengthening the bank\u2019s capital as required by the Bank of Tanzania (BoT).<\/p>\n

\u201cThe investment will create an enabling environment of doing business for countries in the Southern African Development Community (SADC),\u201d Ms Swai told journalists.<\/p>\n

ACB has been looking on market demands as well as a strategic investor or shareholder in order to strengthen the bank and improve its services as well as starting more other services required in the country\u2019s market.<\/p>\n

\u201cWe understand the bilateral relations between the two countries in various areas including trade and creating an enabling environment for trade prosperity through easy access of financial services (in SADC region),\u201d Ms Swai said.<\/p>\n

The merge between ACB and NBM was concluded last month after getting an approval from Bank of Tanzania (BoT) for operations of commercial banks in the country.<\/p>\n

Malawi\u2019s media outlets reported that NBM, the country\u2019s largest lender by market capitalization and assets, acquired a 51 per cent stake ACB in a deal worth 7.31 million US dollars.<\/p>\n

Established in 1997, ACB has strong roots in small and medium size businesses, and operates 18 branches across Tanzania, whose port city Dar es Salaam is a major source of imports bound for Malawi.<\/p>\n

ACB that has been providing loans to Micro, Small and Medium entrepreneurs (MSMEs) has successfully reached 200,000 Tanzanians in Dar es Salaam, Arusha, Mwanza, Mbeya, Kilimanjaro, and Dodoma by providing them with entrepreneurial loans and savings deposits through the Junior, Youth, Adults, Business and Company accounts<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: AKIBA Commercial Bank (ACB) has pledged major and positive changes in services delivery after a takeover by National Bank of Malawi (NBM). NBM, one of the Malawi leading bank and listed on Malawi Stock Exchange, has injected some 17bn\/- to boost ACB capital thus warranting better service delivery. ACB\u2019s Acting Managing Director Juliana Swai […]<\/p>\n","protected":false},"author":84,"featured_media":25316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2181,274,7737,7560,593],"class_list":["post-25322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-acb","tag-bot","tag-juliana-swai","tag-nbm","tag-sadc"],"yoast_head":"\nACB PROMISES BETTER SERVICES AFTER MERGER - Tanzania<\/title>\n<meta name=\"description\" content=\"AKIBA Commercial Bank (ACB) has pledged major and positive changes in services delivery after a takeover by National Bank of Malawi (NBM).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACB PROMISES BETTER SERVICES AFTER MERGER\" \/>\n<meta property=\"og:description\" content=\"AKIBA Commercial Bank (ACB) has pledged major and positive changes in services delivery after a takeover by National Bank of Malawi (NBM).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-19T18:28:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/acff686e3f7588c96c6049f6de0e3ab0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"943\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ACB PROMISES BETTER SERVICES AFTER MERGER\",\"datePublished\":\"2021-03-19T18:28:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2\"},\"wordCount\":310,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/acff686e3f7588c96c6049f6de0e3ab0.jpg\",\"keywords\":[\"ACB\",\"BoT\",\"Juliana Swai\",\"NBM\",\"SADC\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/acb-promises-better-services-after-merger-2\",\"name\":\"ACB PROMISES BETTER SERVICES AFTER MERGER - 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