INTEGRATING AND ADVANCING THE REGION’S ECONOMIES

On the 29th of September, 2014, PTA Bank and Deutsche Bank signed a memorandum of understanding (MOU) to offer GSM-102, a program guaranteeing credit to encourage financing of commercial exports of US agricultural products, while providing competitive credit terms to buyers.

The signing ceremony took place at the Boston Convention and Exhibition Centre during the 2014 SIBOS annual banking and financial conference.

Sibos, the SWIFT International Banking Operations Seminar, is an annual banking and financial conference organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in various cities around the world.

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BOARD OF GOVERNORS – 22nd AUGUST 2014

Friday, 10 October 2014 14:19

The Annual Meeting of the PTA Bank Board of Governors was held from the 21st – 22nd August, 2014 in Dar-es-Salaam, United Republic of Tanzania.

The series of meetings commenced with the Business Seminar that took place on the 21st of August at the Dar-es-Salaam. It was attended by 105 member of the Tanzanian Business Community who included a representative from MawewiCement spoke about the support that his organization has received from the Bank.

The Guest of Honor was the Deputy Minister of Finance, Hon. Nchemba Mwigulu. Also in attendance was Dr. Servacius Likwelile, the Permanent Secretary, and Ministry of Finance, Ms. Juliet Kariuki, CEO Tanzania Chamber of Commerce, Industry and Agriculture.

The Annual General Meeting of PTA Bank Board of Governors was held on the 22nd of August, 2014 at the Julius Nyerere International Conference Centre.It was attended by the Hon. Ahmed Shide, Minister of Finance of Ethiopia, Hon. Alexander Chikwanda, Minister of Finance of Zambia, Hon. Phyllis Kandie, Cabinet Secretary for East African Affairs, Commerce and Tourism, Hon. Amb. Claver Gatete, H.E. Sindiso Ngwenya, COMESA Executive Secretary General, Dr. Stergomena Tax, SADC Executive Secretary General.

PTA Bank staff took part in a CSR activity at the Jairos Jiri Water falls centre in Harare, Zimbabwe on the 24th of September, 2014. The Bank funded the rehabilitation the Hydrotherapy Pool as part of the Bank’s Corporate Social Responsibility project. The pool’s role is vital as it is used to conduct physiotherapy sessions for the physically challenged children, the children are able to receive water therapy and some are taught to swim.

Through this initiative the Bank will assist not only the center but also contribute to the rehabilitation of the physically challenged children who are aged between 2 to 7 years.

This is the last of the CSR initiative this year and follows initiatives that took place in Nairobi and Bujumbura.PTA Bank is committed to supporting. The Bank recognizes the importance of making a positive impact and improving the lives of the people in the community.

The PTA Bank team, led by the President handed over the newly refurbished hydrotherapy pool and the day was marked with a fun day for the children.

Jairos Jiri Association is a registered Non-Governmental Organization for people with Disabilities. Founded in 1950 by the late Mr. Jairos Jiri MBE MA Hons, the Association, which bears his name, is probably the largest of its kind in Africa and today the need is greater than ever. The association’s branches throughout Zimbabwe are places of hope for the disabled in the country.

The Jairos Jiri Association (JJA) is the largest service provider to people with disabilities and over 6500 clients are served every year through outreach and follow up integration programmes. In addition the Association operates 16 centers where over 1200 children and adults receive treatment, care and education. The work of the association is tailored to meet the needs of people with disabilities (men, women, boys and girls). Among its many activities are special primary schools for the deaf, blind and physically challenged, hostels and homes, vocational training centers, agriculture skills training centers, clinics, orthopedic work shop and satellite units, community-based rehabilitation programme, craft shops and gender empowerment programmes.

The Centre was established in 1979 and, is located in Waterfalls suburb around 10 kilometers south of Harare City center. The center caters for over 43 children with different disabilities. In addition it also caters for children from the surrounding community who are not disabled who come to attend pre-school and their maximum number is 23. The physically challenged children come from all over the country and are referred by different professionals like physiotherapists in rural hospitals, surgeons and social workers.

Mary Kamari, Head, Corporate Affairs & Investor Relations lauded the partnership between Jairos centre and PTA Bank. “PTA Bank is pleased to contribute to the needs of the Jairos Jiri Water centre. We recognize the needs of the people that the centre caters to and support the commendable work being carried out.It’s this kind of partnership between PTA Bank and Jairos Jiri Water centrethat corporate social responsibility can find the most effective response to many of the challenges and opportunities societies face today”. She remarked

Patrick Rukodzi, National Treasurer of the Jairos Jiri Association gave the background of the Association as well as its mission, vision and objectives. ”Jairos Jiri Centre has worked for over 63 years to promote skills development and employment opportunities for people with disabilities based on the principles of equal opportunity, equal treatment, mainstreaming into vocational rehabilitation and employment service programmes and community involvement” he added.

Mrs. Chirumimumbi, the Jairos Jiri Centre Managerexpressed her appreciation for the support received from PTA Bank

“I would to appreciate what PTA Bank has done for us and we regard it as a miracle because our children will now be able to receive water therapy which is the best kind of therapy as most of them suffer from cerebral palsy”.

Admassu Tadesse, PTA Bank President commended the Jairos Jiri Centre for the great work that they had accomplished. “PTA Bank is incredibly honored to be associated with you on a day like this.What makes civilization civilized are those that reach out to the vulnerable and make their lives more livable. As we seek more success, we seek blessing and we are in the business of money but the true purpose is to make change.

HARARE OFFICE INAUGURATION

Friday, 03 October 2014 10:18

The Inauguration ceremony for the Harare Regional Office took place on the 24th of September at the office premises on Newlands Road in Harare, Zimbabwe.
The ceremony was attended by Hon. Patrick Chinamasa, the Zimbabwe Minister of Finance, Mr. Willard Manungo, Secretary to Treasury & Permanent Secretary, Mr. John Mangudya, Governor of the Reserve Bank of Zimbabwe, H.E Mwana Nanga, DRC Ambassador to Zimbabwe, The PTA Bank President, the management team and the Harare office staff.

Speaking at the ceremony, Mr. James Kabuga welcomed the distinguished guests to the event and expressed gratitude to the Government of Zimbabwe for the tremendous support accorded to them thus far. Mr. Admassu Tadesse commended the Republic of Zimbabwe for its consistent support of the Bank as one of the Founding Member States. He explained that the objective of setting up a regional office in Harare was to respond to the economic developments within the Grand Tripartite region.

“PTA Bank has a rich history with Zimbabwe. Cumulatively, the Bank has approved over US$500M in both project and trade finance. This represents over 20 per cent of the total loans approved by the Bank across all Member States. With the presence of the regional office, we continue to look for new opportunities in the country.” He added Hon. Chinamasa hailed the excellent relationship between PTA Bank and Zimbabwe stating that it dated back to 1998 when the first Board of Governor’s meeting was held in Harare. “Since then PTA Bank’s partnership with the Republic of Zimbabwe has grown from strength to strength with a growing loan portfolio that is cumulatively over US$500M for both project and trade finance” He remarked.

He reiterated that “Zimbabwe is on a growth path as enunciated in the Zimbabwe Agenda for Sustainable Social and Economic Transformation (ZimASSET) and valued strong partnerships as these and looks forward to continued collaboration.” 

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