Bank scales Mt Kilimanjaro to celebrate Anniversary

SOME of the Kilimanjaro Co-operative Bank Limited, (KCBL) employees and well wishers have scaled Mount Kilimanjaro as part of celebrating 20 years of the bank.

The KCBL General Manager, Ms Elizabeth Makwabe, said the main motive was to reach the summit and tell world about the achievements of the country’s first co-operative bank realised in the last 20 years.

“Despite a few challenges which are inevitable in the business world, the bank has had many and great achievements to be proud of which the world should know,” she said during the launching which was held at the Marangu gate of the Kilimanjaro National Park, (KINAPA) over the weekend.

“We will put a KCBL banner at the peak of the Africa’s highest mountain, as a way of celebrating the bank’s 20 years and its achievements”.

“Apart from accessing services in more than 200 ATM machines in the country, our clients can now receive ATM services in all the East African countries except Burundi,” she noted when listing some of the bank’s achievements.

She said also clients could now be able to access bank services while in China, after introducing a new product known as China Union Pay. “Through this new service Tanzanian businesspeople and those from China, will be able to do their transactions without the risk of carrying hard cash,” she said.

The bank customers increased from less than 1,000 in 1996, when KCBL was established, to over 500,000 of yesterday. One of the bank shareholders, Prof Suleiman Chambo, said KCBL was a key institution in promoting and strengthening the cooperative movement in the country.

“The cooperative sector has two major pillars, the first is the agricultural activities and the other is to do with the co-operative financial related services, so KCBL is very important in development,” he said.

The KCBL Board Chairman, Mr Reginald Hoseah said during the anniversary celebration week, the bank will also carry out cleanliness in Moshi town on Saturday and conduct a Charity Walk Sunday that starts at Uhuru Park grounds and end at Moshi Cooperative University (MoCU).
Source:DailyNews