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Article

6 Dec 2021

Author:
The Citizen (Tanzania)

Tanzania: NMB Bank's CEO calls for ethical procurement including by state-based entities

"NMB Bank chief executive roots for ethical procurement"

The growing importance of procurement and supply in the day-to-day manning of companies and the government calls for professionals in the area to exercise high levels of integrity, the Chief Executive Officer of the NMB Bank, Ms Ruth Zaipuna, has said. Gracing the inaugural annual general meeting (AGM) for the Association of Procurement and Supplies Professionals (APSP)...Ms Zaipuna urged members to shun corruption and strive for accountability and transparency in their undertakings...

Procurement of goods and services accounts for the lion’s share of the government’s development budgets and spending of private sector entities. The association’s chair, Mr Emmanuel Urembo, put the relevance and importance of the profession in development into proper perspective by revealing that procurement of goods and services account for about 70 percent of government budgets and development related spending of private sector entities. Therefore, the formation of APSP and the procurement and supply management professional in general make a lot of business and economic development sense, he emphasised. Ms Zaipuna reminded the procurement and supplies managers to strike a fair balance between business success and what professional ethics and guidelines of the procurement law requires them to adhere to.