Mar 29, 2012

Exim Bank Tanzania appoints new Managing Director

By Staff Reporter     

EXIM Bank Tanzania has announced the appointment of Anthony (“Tony”) Grant as the bank’s new Managing Director
 Grant takes over the position from predecessor Sabetha J. Mwambenja who retired from the company in December 2010. 

Tony is an experienced banker who launched his banking career in 1980 with Citibank’s corporate banking business in Congo Kinshasa. He was subsequently assigned to Europe with Citibank to hold an Africa-wide regional assignment, which saw him assume responsibilities from Algeria to Angola and from Senegal to Somalia. With Citibank, Tony has also had retail banking exposure with the bank’s highly competitive New York City home marketplace. 

Upon leaving Citibank, Tony’s banking responsibilities have subsequently included duties as chief executive with indigenous African banks in The Gambia, D.R. Congo and Zambia, and in financial services in Senegal and South Africa. In the ECOWAS zone, his banking peers elected him President of the 16-country West African Bankers’ Association.

Commenting on his new post, Tony said, "I am very pleased to join one of the country’s fastest growing banks. In light of the current economic circumstances, am confident that the Exim Bank can play a major role in Tanzania’s economic growth.”
He added that his bank is committed to providing innovative and unique financial products that are based on the bank’s vast global experience and profound local knowledge. 

“I am looking forward to working closely with Exim Bank’s skilled and dedicated team to continue serving our valued customers and the Tanzanian market as a whole."
Commenting on the changes the Exim Bank   Chairman Board of Directors Yogesh Manek said Grant’s vast financial and banking experience will be instrumental in uplifting the bank’s growth and market share expansion as well as providing guidance during challenging periods. 

"We have an ambitious objective to be the leaders of innovative products in the Tanzania’s banking sector. Our zeal for providing unmatched financial services will see us invest in research to come up with new innovative products,” he said.