PROF. KABUDI NEW TIB DEVELOPMENT BANK BOARD CHAIRMAN

PRESIDENT John Magufuli has revoked the appointment of TIB Development Bank Board Chairman, Prof William Lyakurwa effective yesterday and appointed Prof Palamagamba Kabudi as the new board chairman of the Bank.

A statement from the State House yesterday noted that Prof Kabudi’s appointment as Chairman of the TIB Development Bank board is a three-year tenure.

Following the changes, the Minister for Finance and Planning, Dr Phillip Mpango, has also revoked appointment of TIB Development Bank board members and appointed new members.

The new members of the TIB Development Bank board are Brig. Gen. (rtd) Mabula Mashauri, Dr Razack Lokina, Ms Rose Aiko, Prof Joseph Bwechweshaija, Mr Said Seif Mzee, Dr Arnold Kihaule, Mr Maduka Kessy and Mr Charles Singili.

The appointment of the board chairman and the members for TIB Development Bank board is effective from yesterday.