With many years of experience in finance, a wealth of knowledge and a team that keeps its finger on the global pulse, we craft powerful asset class solutions.

Our treasury team develops and executes a range of strategies and transactions across all asset classes including currencies, fixed income and structured finance solutions.

  • Cautionary Announcement- Proposed Merger Update, April 2019Read More

    Cautionary Announcement- Proposed Merger Update, April 2019

    Further to the cautionary announcements issued by Commercial Bank of Africa Limited (“CBA”) on 6th December, 2018 and 1st February, 2019, the Directors of CBA are pleased to announce that during the Annual General Meeting of the shareholders of CBA held on Tuesday 16th April, 2019, the shareholders approved the proposed merger between CBA and the NIC Group PLC and further approved and ratified the Merger Agreement and other key transaction documents between the merging entities.

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  • 10 Year AnniversaryRead More

    10 Year Anniversary

    CBA celebrated ten years of existence in Tanzania with its valued customers on the 8th of September 2018. The event was centered around the theme “Ten Years of Financial Freedom” and kicked off with a Golf day at the Gymkhana club where customers had a chance to mingle with CBAT’s senior management on the golf course. This event was then followed by a dinner gala held at Serena Hotel which was graced by the presence of the Honorable Dr. Reginald Mengi as the guest of honor.

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  • CBA – NIC Joint Press StatementRead More

    CBA – NIC Joint Press Statement

    We are pleased to inform you that the Boards of Commercial Bank of Africa Limited and NIC Group PLC have authorised the commencement of discussions, regarding a potential merger of the two entities.

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  • Mr. Ndewirwa KitomariRead More

    Mr. Ndewirwa Kitomari

    Chairman

    Mr. Ndewirwa Kitomari

    Mr. Kitomari was the Deputy Governor of the Bank of Tanzania in the 1990s, after which he served as a senior official for several years in the African Development Bank. 

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  • Mr. Vinoo SomaiyaRead More

    Mr. Vinoo Somaiya

    Director

    Mr. Vinoo Somaiya

    Mr. Vinoo Somaiya   is a professional accountant with wide experience in all aspects of financial
    planning, management and corporate matters. He is a Fellow member of the Institute of
    Chartered Accountants in England and Wales. He is registered with the National Board of
    Accountants and Auditors as an Authorized Auditor. Vinoo is a Fellow member of the Tanzania
    Association of Accountants. He was a Partner in charge of PwC Tax engaged on

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  • CBA to Acquire Crane Bank Rwanda LimitedRead More

    CBA to Acquire Crane Bank Rwanda Limited

    Nairobi, June 15, 2017: Commercial Bank of Africa Limited (“CBA”) is pleased to announce that it has signed a definitive Sale & Purchase Agreement (“SPA”) to acquire 100% of Crane Bank Rwanda Limited from dfcu Bank Limited (“dfcu”). dfcu is a registered financial institution in Uganda and Crane Bank Rwanda Limited is a registered commercial bank in Rwanda.

    This transaction is subject to regulatory approval by National Bank of Rwanda (BNR), Bank of

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  • CBA ConnectRead More

    CBA Connect

    Internet Banking created just for your business

    more business, simpler banking

    CBA connect is our new online banking solution designed specifically for businesses. It helps manage and plan your corporate finances, for simplified banking that helps you bank from anywhere, at any time. We’ve put your business first by creating a banking platform especially for it, so you always have your business at your fingertips.

     

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  • Suzanne Ndomba-DoranRead More

    Suzanne Ndomba-Doran

    Director

    Suzanne Ndomba-Doran

    Suzanne is an advocate with 12 years’ experience of legal practice with proven track record in prosecuting criminal, civil, and appeal cases in the Court of Appeal of Tanzania High Court, and Subordinate Courts. She has worked with the Attorney General of Tanzania as a State Attorney to senior position prosecuting criminal cases and economic crimes cases in Northern Tanzania. Currently she is leading the legal unit with the Association of

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  • Mr. Isaac AwuondoRead More

    Mr. Isaac Awuondo

    Group Managing Director

    Mr. Isaac Awuondo

    Isaac Awuondo holds a Bachelor of Commerce (Accounting and Finance) degree from the University of Nairobi. He is a member of the Institute of Chartered Accountants in England and Wales (ACA) and member of the Institute of Certified Public Accountants of Kenya (CPA K). Isaac has over 32 years’ experience in the finance and banking sectors spanning Europe and Eastern Africa and has previously worked with BDO Binder Hamlyn, Nation

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  • Daily Exchange RatesRead More

    Daily Exchange Rates