NBC BANK CELEBRATES PRESIDENT SAMIA'S HONORARY AWARD FROM PARLIAMENT

A group of leaders from various institutions and organizations, including NBC Bank Managing Director Theobald Sabi (center, front row), attend the ceremony honoring President Dr. Samia Suluhu Hassan with a special award from Parliament, held over the weekend at the parliamentary grounds in Dodoma.

Dodoma, June 1, 2025 – The National Bank of Commerce (NBC) has extended heartfelt congratulations to President Dr. Samia Suluhu Hassan following her receipt of a prestigious honorary award from the Parliament of Tanzania. This recognition, presented at a special ceremony held on the parliamentary grounds in Dodoma, underscores the President’s outstanding leadership and her tireless commitment to national development.

A National Moment of Pride

Speaking during the ceremony, NBC Managing Director, Mr. Theobald Sabi, praised President Samia’s transformational impact across various sectors of the economy. He stated that the award not only honors her individual achievements but also reflects the aspirations of Tanzanians for a future defined by inclusive and sustained growth.

“We extend our sincerest congratulations to Madam President on this well-deserved honor,” Sabi said. “This accolade is not just a recognition of individual achievement; it embodies the collective aspirations of our nation for accelerated development.”

Commitment to Collaboration

In response to the award, NBC has reaffirmed its commitment to working closely with both government and private sector partners to support strategic national initiatives. Sabi highlighted that the bank is investing in innovative financial solutions to enhance development outcomes, including tailored funding models and sector-specific financial products.

“NBC is determined to support government priorities across infrastructure, agriculture, healthcare, education, tourism, and sports,” Sabi noted. “By doing so, we are helping to unlock potential and improve livelihoods.”

Financing Development Through Strategic Initiatives

Sabi pointed to NBC’s active role in national projects, such as its support for the Tanga-UWASA bond issuance, aimed at expanding water infrastructure in the Tanga region. This initiative demonstrates the bank’s proactive approach to mobilizing capital for critical public services.

“The Tanga-UWASA bond issuance is just a snapshot of our broader commitment to national development,” he said. “Through advisory and financing support, we’re enabling institutions to turn ideas into impactful action.”

Enabling Seamless Financial Operations

Beyond development projects, NBC continues to serve as a key partner in facilitating domestic and international financial transactions for both government bodies and contractors. This includes providing access to foreign exchange services, supporting trade, and ensuring liquidity for major development contracts.

Sabi also emphasized NBC’s role in corporate social responsibility, particularly in health, where the bank supports community health programs as part of its wider commitment to national well-being.

Looking Ahead With Shared Purpose

In his closing remarks, Sabi reiterated NBC’s dedication to helping shape a prosperous future for all Tanzanians:

“As we embark on this journey of development, the collective efforts of leaders like President Samia and institutions such as NBC will undoubtedly pave the way for a brighter, more prosperous tomorrow. This award is a celebration of achievements and a motivation to continue moving forward.”