Shareholders of CRDB Bank have expressed their strong desire to see the Group Chief Executive Officer, Dr Abdulmajid Nsekela, continue leading the Bank beyond the conventional 10-year leadership term, citing his energy, vision, experience, and exceptional ability to steer the institution to even greater heights.
Shareholders noted that their confidence in Dr. Nsekela’s leadership is driven largely by the significant value created for investors during his tenure at CRDB Bank.
When Dr Nsekela assumed leadership of CRDB Bank in 2018, the Bank’s share price at the Dar es Salaam Stock Exchange (DSE) stood at approximately Sh 95 per share. By April 2026, the share price had risen to around Sh 3,000 per share, a transformation many shareholders describe as one of the most remarkable value growth journeys ever witnessed in Tanzania’s financial sector.
The Group CEO and Managing Director of CRDB Bank, Dr Abdulmajid Nsekela, presents the management report for 2025 during the Bank’s 31st Annual General Meeting held at the Arusha International Conference Centre (AICC) in Arusha on May 16, 2026.
In terms of dividends, shareholders received Sh 5 per share in 2018, but following the Bank’s record-breaking 2025 financial performance, shareholders approved a dividend of Sh 90 per share, representing an increase of more than 1,000 percent.
