Business

Internal Auditors should participate in capacity building-TADB


DAR ES SALAAM: THE Tanzania Agricultural Development Bank (TADB) has encouraged internal auditors from various institutions in the country to continue participating in various forums to gain a deeper understanding of governance and technology that affect the field of internal audit.

The remark was made by the TADB Head of Internal Auditors, Ms Joyce Maduhu at the 10th African Federation of Institute of Internal Auditors (AFIIA) conference held in Arusha.

A two-day forum that was hosted by the Institute of Internal Auditors (IIA) Tanzania entails the participation of Board Members, Audit Committee Members, Chief Executive Officers, Senior Manage- ment and Chief Audit Executives.

“To promote the internal audit profession in the country,i would like to encourage internal auditors to participate in various forums to gain a deeper understanding of governance and technology that affect the profession,” she said.

In particular,she said TADB participates in the forum to improve the effectiveness of internal audit systems to continue providing quality services to customers.

Shedding the light on the forum, President IIA Dr Zelia Njeza said about 350 participants from 27 countries both in and outside African continent, are participated in the forum.

“Approximately 1000 Internal Auditors are participated in this year’s forum,” she said.

Dr Njeza further said this year’s forum themed ‘Beyond Boundaries Make Difference’ suggests a focus on breaking through limitations, crossing barriers, and going above and beyond to create a positive impact.

Adding: “It is also encourages individuals or groups to think innovatively and act in ways that surpass conventional constraints or expectations.”

Recently,TADB signed a new agreement with the Tanzania Commercial Bank (TCB) to boost credit guarantees to small- scale farmers through the Smallholder Farmers Credit Guarantee Scheme (SCGS).
The TADB said the new five-year partnership deal with TCB signed in Dar es Salaam was worth 21bn/- up from 7bn/- allocated in 2018 when the credit guarantees to smallholder farmers were initiated.

Addressing the Journalists in Dar es Salaam,TADB Managing Director Mr Frank Nyabundege said the agreement implemented through the SCGS would double the accessibility of loans among smallholder farmers unlike before.



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