DTB Group CEO MS. Nasim Devji wins leading African Woman in Business of the Year Award in Washington DC

Oct 12, 2010

Diamond Trust Bank Group CEO, Nasim Devji, scooped the Africa Investor publication’s prestigious “Leading African Woman in Business” award at the Africa Investors Investment and Business leaders Awards 2010 ceremony held in Washington DC on Friday 8th October 2010.

The Africa Investor awards are the longest- standing international awards which reward exceptional business practices, economic achievements and investments across Africa. In the Business Leader Awards, individuals who have been making waves in their respective fields were recognized. Ms. Devji was recognized as the Leading African Woman in Business of the year.

Ms. Nasim Devji joined the DTB Group in 1996 - just a year before the institution converted into a fully fledged commercial bank, in 1997, from a non- bank financial institution as Group Head of Finance following which she headed a number of other business support functions. She was appointed Group CEO of the Diamond Trust Banks in East Africa in 2001. Prior to joining DTB Group, she had worked in the UK for 25 years in the accountancy profession as well as a taxation specialist in the oil industry.

Ms. Devji is a Fellow of the Institute of Chartered Accountants of England and Wales, an associate of the Institute of Taxation (UK) as well as a Fellow of the Kenya Institute of Bankers. Ms. Devji is the Managing Director of DTB Kenya and a director of DTB subsidiaries in Tanzania, Uganda and Burundi as well as Diamond Trust Insurance Agency Limited, Jubilee Insurance Burundi S.A. and the Development Credit Bank Limited, India

"I am grateful and humbled to receive such a prestigious recognition, which has marked an important milestone in my life," says Ms Devji.

Commenting on the Awards winners, Hubert Danso, Vice Chairman and Managing Director of Africa Investor magazine, said; “The winners of this year’s Awards have all been exceptional in their commitment over the past year to both directly and indirectly improving Africa’s investment climate.

Through Ms. Devji’s leadership, the DTB group, which currently employs over 1,000 staff, has gone through significant growth and rapid expansion in Eastern Africa, growing to 57 branches, stretching from Arua in North Western Uganda to Zanzibar on the East African seaboard.

DTB aims to promote economic development in the countries that it operates. One of the pillars for future expansion is a move into frontier economies where DTB can achieve significant developmental impact. DTB’s entry into Burundi in 2009 marked an important first step in its regional expansion plans.

DTB is an affiliate of the Aga Khan Fund for Economic Development (AKFED), the economic development arm of the Aga Khan Development Network. Amongst the bank's key shareholders are Habib Bank Limited (HBL), an AKFED subsidiary, and the International Finance Corporation, the private lending arm of the World Bank.