By The Citizen Reporter
Dar es Salaam — NMB
Bank Plc revealed yesterday that its just-ended Annual General Meeting
(AGM) attracted the highest number of participants in the
lender's
history.
Acting managing
director Ruth Zaipuna (pictured) said in a statement yesterday that over
1,000 shareholders participated in the virtual AGM - the first ever to
have been organized by a listed company in Tanzania's history.
"Apart from the
2020 virtual conference, no other AGM in the last one decade managed to
attract more than 600 participants in its deliberations. This proves the
pivotal power of digital technology in business operations and
management," she said.
As part of initiatives to contain further spread of the Covid-19 pandemic, NMB Bank Plc held its virtual AGM earlier this month.
According to
MsZaipuna, the bank's pre-investment in digital transformation of its
operations, made it easy for a virtual AGM to be conducted seamlessly
until the end.
She said the
virtual AGM has been a monumental step in supporting the adoption,
increased use and advancement of new technologies in the country as
Tanzania strives to create a digitally supported national economy.
Also Read
Sweden lashes out at WHO over virus listing
'More than just football', media hail Klopp and Liverpool's title
Halotel simplifies HaloPesa transactions with new App
"We are happy to
have successfully conducted our first ever digital AGM, which also paves
the way for other companies to follow suit and accrue the benefits
derived from the investment. We made this history by becoming the first
company listed on the Dar es Salaam Stock Exchange (DSE) to embark on
the virtual initiative," MsZaipuna noted.
She said success of
the investment and its many merits over the traditional ways of
conducting annual shareholders' meetings will inevitably make other
listed firms adopt the NMB Bank's novel idea.
"Following the
Covid-19 outbreak, we are leveraging on the best of technology in
digital banking, innovative products like NMB Mkononi, Internet Banking,
Cashless payments through point of sales and other service delivery
channels like NMB Wakala," explained the bank's head of communications
and corporate affairs, Ms Eunice Chiume, noting that the investment in
the digital AGM was made along the same line.
MsZaipuna said the
virtual gathering was cost effective in all senses of the term and
should be the way of conducting AGMs and other strategic meetings for
the bank going forward.
During the AGM, NMB
Bank Plc shareholders approved Sh48 billion in dividend, being a 45
percent increase to its prior year dividend payout.
No comments :
Post a Comment