London, United Kingdom; July 24, 2026 – Tanzania has achieved a historic breakthrough in its capital markets following the successful listing of the International Finance Corporation's (IFC) inaugural offshore Tanzanian Shilling-denominated bond on the London Stock Exchange (LSE). The landmark transaction is the first offshore Tanzanian Shilling bond for both Tanzania and the East African region, underscoring the country's growing prominence in international financial markets.
The bond, which raised TZS 262 billion, will provide long-term Tanzanian Shilling financing to NMB Bank Plc, enabling the bank to significantly expand lending to micro, small and medium-sized enterprises (MSMEs), women-led businesses, farmers and entrepreneurs across Tanzania.
The transaction represents a major milestone in Tanzania's financial sector development, highlighting increasing international investor confidence in the country's economic fundamentals, financial institutions and long-term growth prospects. It also reinforces NMB Bank's position as a leading financial institution capable of attracting global capital to support Tanzania's national development agenda.
A Defining Moment for Tanzania's Financial Sector
Speaking during the listing ceremony at the London Stock Exchange, NMB Bank Managing Director and Chief Executive Officer, Ruth Zaipuna, described the transaction as a transformative milestone for the country's financial ecosystem.
"The transaction marks a defining moment for Tanzania's financial sector, creating a new pathway for international investment while expanding access to long-term local currency financing for the private sector,"she said.
Zaipuna noted that the innovative financing structure will strengthen the availability of affordable long-term capital for businesses that play a vital role in driving economic growth, job creation and financial inclusion.
Government Welcomes Historic Achievement
Also speaking at the ceremony, H.E. Ambassador Khamis Mussa Omar, Minister for Finance of the United Republic of Tanzania, hailed the listing as a significant achievement in Tanzania's economic transformation journey.
"This marks the beginning of an important step in Tanzania's journey towards full participation in the international capital markets using our own currency. This listing reflects the strong confidence that international financial institutions have in our economy and in the direction of the country's financial sector reforms," the Minister said.










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