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Ali Suleiman Amour (left), Chairman of the Zanzibar National Chamber of Commerce (ZNCC), presents the Best Bank in Financing Construction Projects in Zanzibar award to Elvis Ndunguru, Director of Business and Investment Banking at NBC, during the Zanzibar International Construction Awards (ZICA Awards) ceremony held over the weekend in Zanzibar, as other NBC officials look on.
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Zanzibar, February 8, 2026 — The National Bank of Commerce (NBC) has won the Best Bank in Financing Construction Projects in Zanzibar award at the Zanzibar International Construction Awards (ZICA Awards), cementing its role as a key financier of large-scale infrastructure and construction projects in the Isles.
Award Ceremony and Industry Participation
The award was presented during a ceremony held over the weekend in Zanzibar and officiated by the Chairman of the Zanzibar National Chamber of Commerce (ZNCC), Ali Suleiman Amour. The event brought together senior stakeholders from across the construction sector, including representatives from government institutions and the private sector.
NBC was represented by Elvis Ndunguru, Director of Business and Investment Banking, who led a delegation of bank officials at the event.
NBC’s Commitment to Construction and Infrastructure
Speaking after receiving the award, Ndunguru said the recognition reflects NBC’s sustained commitment to supporting construction projects across both Mainland Tanzania and Zanzibar.
“This award marks a continuation of our recent successes in the construction and infrastructure sector,” Ndunguru said.
Key Projects Supported in Zanzibar
Ndunguru highlighted several landmark projects financed by NBC in Zanzibar, including:
- The Maruhubi (Mpiga Duru) Ferry Passenger Terminal
- The Kizimkazi Health Centre
Supporting National Development on the Mainland
Beyond Zanzibar, NBC continues to play a leading role in financing strategic infrastructure projects on the Mainland, including railways, bridges and airports.
“The construction sector is a key driver of national economic growth,” Ndunguru said. “We will continue working closely with the government and the private sector to ensure the successful delivery of priority projects, while also supporting key industry events.”
NBC as a Principal Sponsor
NBC was also among the principal sponsors of the ZICA Awards, demonstrating its broader commitment to strengthening and developing the construction industry.
Call for Stronger Sector Collaboration
ZNCC Chairman Ali Suleiman Amour congratulated the award organisers — CSW Group and Zanzibar Marketing— and all winners, describing the ZICA Awards as an important platform for promoting excellence, professionalism and accountability in the construction sector.
He highlighted the industry’s contribution to economic growth through infrastructure development, trade, tourism, housing and investment, and called for stronger cooperation between the Revolutionary Government of Zanzibar and the Government of the United Republic of Tanzania to create investor-friendly policies and regulatory frameworks.
Strengthening Local Capacity and Standards
Amour urged authorities to enhance the capacity of local professionals through training, technology and improved access to capital, while maintaining strict oversight on quality, safety and environmental sustainability.
“For industry stakeholders, adherence to ethics, transparency and the rule of law is essential to building trust with the public and the government,” he said.
Awards Selection Process
Earlier, CSW Group Chief Operating Officer Annelise Nyangusi said the ZICA Awards selection process was based on service quality, market collaboration and distinctive operational effectiveness, and thanked sponsors, including NBC, for their support.
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