In a remarkable achievement, CRDB Bank has officially announced the results of its 38-day green bond sale, starting from August 31, 2023. The results have surpassed the intended target of 40 billion Tanzanian shillings, marking an impressive 329.55% achievement in the first phase of issuance.
The distinguished guest at the event was Dr. Charles Mwamwaja, the Commissioner of the Financial Sector Development Department at the Ministry of Finance, representing the Finance Minister, Dr. Mwigulu Nchemba. Dr. Mwamaja commended CRDB Bank for this success, emphasizing that the funds collected would facilitate various impactful and environmentally beneficial development projects. These initiatives aim to provide employment opportunities for the youth, stimulate economic growth, and improve the overall well-being of citizens.
Abdulmajid Nsekela, the CEO of CRDB Bank, expressed that these results symbolize the confidence bestowed upon them by both domestic and international investors. He highlighted that these achievements empower the bank to undertake projects focused on environmental conservation.
Nsekela also extended his gratitude for the government's diligent efforts in strengthening the nation's economy. He acknowledged that CRDB Bank's success wouldn't have been possible without the satisfactory liquidity conditions in the market, a testament to the collaborative progress between the government and the financial sector.