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Tuesday, 17 June 2025

NMB BANK'S FINANCIAL STRENGTH AND DIVIDEND PAYOUT IMPRESS AT ZANZIBAR INVESTMENT SUMMIT

By Our Correspondent, Pemba

NMB Bank has reassured both small and large-scale investors of its robust financial standing, positioning itself as a key enabler in Zanzibar’s economic transformation and the broader Tanzanian economy. The bank made this affirmation during the Zanzibar Investment Forum organized by the Zanzibar Investment Promotion Authority (ZIPA).

Speaking during the high-level gathering, which attracted over 1,000 investors from across Zanzibar, Mainland Tanzania, and Africa, Linda Teggisa, Head of NMB Transactional Banking, highlighted the bank’s unwavering support toward enhancing investment and growing the Blue Economy.

"We are leveraging this platform to showcase NMB's capacity to provide financial solutions for individual clients, large corporations, and government institutions," said Teggisa.

STRONG FINANCIAL STANDING

Teggisa emphasized NMB’s inclusion in the global billion Dollar club, its TZS 643 billion post-tax profit, and a TZS 214 billion dividend issued to the Tanzanian government. The bank's exceptional performance has also been recognized internationally, with accolades from Euromoney and Global Business and Finance.

She noted that NMB’s capital base, now standing at approximately USD 1.1 billion, makes it the largest bank in Tanzania and second-largest in East Africa. The bank has made significant investments in technology, enabling 96% of its transactions to be carried out digitally.

"We lead in providing financial solutions in the country and have the strength to support investment and drive the strategic plans of the Zanzibar government, especially in boosting investment zones,” she added.

 

GLOBAL ENTREPRENEURS TAKE NOTICE

Grzegorz Adamczak, CEO of Cocco Lagoon and an international entrepreneur, commended NMB’s reputation and international appeal.

Their track record and global recognition make them an ideal partner for any investor,” he noted. “NMB stands out as the bank of choice for entrepreneurs looking to grow in this region.”

INDUSTRY EXPERTS PRAISE NMB’S IMPACT

Other notable speakers included Safari Fungo from the International Trade Center and Emilian Busara, a financial advisor. Both highlighted NMB’s proactive role in empowering investors and advancing the national economy.

NMB was the top dividend-paying bank last year with a profit exceeding TZS 600 billion. Its accolades as Best Bank and Largest Taxpayer are a testament to its leadership,” said Busara. “I strongly recommend investors take advantage of NMB’s expertise to fast-track their ventures.”


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