Our People, Our Source of Fresh Thinking and Smart Banking
The Bank commenced operations in 1996 as an asset financing
institution under the joint ownership of CDC Capital Partners
(CDC), International Finance Corporation (IFC), TDFL and the Union
Dominions Corporation (UDC).
Following the merger of UDC with First Merchant Bank and BARD
Investment Services, and the subsequent re-branding as African
Banking Corporation, ABC Holdings Limited (ABCH) listed on the
Botswana (primary) and Zimbabwe (secondary) Stock Exchanges.
The Bank in Tanzania was granted full commercial banking status by
the Bank of Tanzania in 2002.
In 2004, the ABCH Group successfully concluded the acquisition
of a 68% interest in Tanzania Development Finance Company Ltd
(TDFL) from the existing international shareholders, i.e. IFC, CDC,
DEG, FMO and EIB. The Government of Tanzania has remained a key
shareholder (32%) in TDFL. The operations of Capital Finance
Limited, the operating arm of TDFL were merged with the Bank.
BancABC operated as a merchant bank since 2002 and introduced
retail banking operations in 2008. The Bank opened its first
branch in March 2010 and aims to rollout more branch outlets in
various parts of the country. BancABC now offers a full
bouquet of banking services for its corporate and personal
To build profitable, lifelong customer relationships, through
the provision of a wide range of innovative financial products and
services, for the benefit of our stakeholders.
To be the preferred banking partner in Africa by offering
world-class financial solutions.
- Visible Commitment
- Inclusive Partnership
- Demonstrate Courage.
- Act with Responsibility and Integrity
- Show respect.
The directors of BancABC are:
|Mr. Protase Ishengoma
|Mr. Raju Dave
|Ms. Lucy Sondo
The bank is driven by entrepreneurial and seasoned bankers who
have complimentary banking experience in both the commercial and
merchant banking environments. The team consists of professionals
from, accounting, economic and financial disciplines. The treasury
team possesses extensive experience in the areas of currency
trading, derivatives and money and capital markets. Team members
also have significant experience in a wide range of areas including
financial and corporate restructuring, project finance and other
fund raising exercises.
The key members of the team are:
|Mr. Imani John Bgoya
||Head of Finance & Procurement
|Mr. Barton Mwasamengo
|Head of Global Markets & Treasury
|Ms. Joyce Malai
|Head of Retail & Commercial Banking
|Mr. Roger Lamlembe
|Head of Banking Operations & IT
|Miss Kindo Marealle
|Head of Human Capital.
|Ms. Lilian Musingi
|Head of Legal & Company Secretary.
|Mr. Aron Sondi
||Head of Compliance & Risk
|Ms. Upendo Nkini
||Head of Marketing & Communication .
|Mr. Jeremiah Kilato
||Senior Manager Internal Audit
Why bank with BancABC?
- Personalised services
- Quick turn around time
- Established track record in investment and advisory
- A range of specialised skills and extensive professional
capabilities including financial advisory and analytical, legal,
- Specialised economic research capabilities.
A network of useful and necessary contacts to potential
strategic investors: both established and newer corporations.