ARUSHA, May 27 -- CRDB Bank shareholders tripled from over 30,000 to 90,000 within a year, forcing the lender to adopt wider use of virtual technology to manage participation at its 31st Annual General Meeting (AGM) across the country.

The sharp increase in investors signals rising confidence in the banks earnings growth, regional expansion and dividend prospects at a time when more domestic investors are turning to the stock market for long-term investment opportunities.

The CRDB Bank Group Chairperson, Neema Mori (pictured), said recently during the AGM that the increase described the growth as a reflection of trust in the lenders performance both locally and in regional markets where the bank operates.

“This is a grace, as my ...