Nairobi, 17 January 2014 – Prince Rahim and his wife Princess Salwa travelled to Kenya this week, where they joined in marking the opening of new facilities for the Diamond Trust Bank and Jubilee Insurance, and visited the Aga Khan Academy, Mombasa.
On 16 January, the new corporate head office of Diamond Trust Bank was inaugurated by the Governor of the Central Bank of Kenya, Professor Njuguna S. Ndung'u, in the presence of Prince Rahim and Princess Salwa. The spacious new facility positions the institution to better serve the growing financial needs of customers in Kenya and the East African region.
In addition to housing the bank's new corporate offices, the 185,000 square foot building along Mombasa Road will include a retail branch – the 99th in the bank's East African network, a state of the art data centre, a 180-person auditorium, and other training facilities, all of which will serve bank operations and staff throughout the East African region.
Professor Ndung'u congratulated DTB on having one of the most advanced centres in the economy. Noting that market access is essential for economic growth, he admired the bank for “building bridges of hope into the future,” by enabling the poor to have secure savings and affordable credit.
Part of the enduring legacy of Mawlana Sultan Mahomed Shah's Diamond Jubilee, the Diamond Trust Bank has provided the Jamat and the wider East African population with access to savings, credit and other financial services for nearly 70 years. It was originally established as the Diamond Jubilee Investment Trust, with headquarters in Dar es Salaam and branches in Nairobi, Kampala, Kisumu and Mombasa. Over the decades its structure and operations adapted to the changing conditions and needs of the peoples that it served.
“Together with other financial institutions of the Aga Khan Fund for Economic Development, Diamond Trust Bank assures access to critical financial services for business and individual customers, including many families whose relationship with the bank has spanned generations,” commented Abdul Samji, Chairman of the Diamond Trust Bank. “This steadfast reliance has been possible in part because AKFED institutions endeavour to be economically sound, long term enablers of growth and development rather than fair weather friends seeking to maximise profits for the exclusive benefit of shareholders.”
Today, Prince Rahim and Princess Salwa were in Mombasa for the inauguration of the newly refurbished Jubilee Arcade, a building that was first opened on 10 September 1951 by Sir Philip Mitchell, then Governor of Kenya. Synonymous with the Jubilee Insurance Company, its principal tenant, the three-storey building has been transformed into a vibrant, modern shopping and office complex. Later the couple received a tour of the Aga Khan Academy in Mombasa.