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| From left: NMB Bank Treasurer, Aziz Chacha; CEO of Luxembourg Stock Exchange, Julie Becker; Luxembourg Finance Minister, Yuriko Backes and Counsellor from the Embassy of Tanzania in Brussels, Alphonce Mayala ring the bell to signal the official listing of NMB Jasiri Bond at Luxembourg Stock Exchange. NMB Bank made history after being the first bank in Sub-Saharan Africa to list its gender bond in Europe. |
LuxSE is the world’s leading exchange for listing of international debt securities and is highly recognized for advancing gender finance and gender-lens investing.
The gender bond, Jasiri; with its objective of bringing much-needed financing to women-owned micro, small and medium-sized enterprises in Tanzania and within East Africa, was displayed on the Luxembourg Green Exchange (LGX) during a special two-part ring the bell ceremony held yesterday.
As part of activities to mark the International Women’s Day, NMB joined Luxembourg Stock Exchange to celebrate listing of the bond whose proceeds as of December 2022, have provided over 3,000 women in Tanzania with access to the necessary financing to start or grow their business; hence addressing SDGs 5 and 10 on economic empowerment of women and reduction of inequalities, in line with the bank’s commitment to drive inclusive growth and shared prosperity.
NMB Bank Treasurer - Aziz Chacha in his speech said: “Driving inclusive growth through gender equality and economic empowerment of women is one of the core tenets guiding NMB Bank’s purpose and vision. This listing underscores our commitment towards gender empowerment, and marks yet another history for the bank by being the first Sub-Saharan bank to bring a gender-based bond on a stock market with a fast-growing reputation as a hub for sustainable finance.”
This remarkable milestone makes it easier for investors in Europe to get information and identify various investment opportunities that contribute to gender equality objectives.
Luxembourg Minister of Finance Yuriko Backes, who officially launched the Luxembourg Women in Finance Charter during the International Women’s Day event, commented:
“This listing marks an important milestone for global efforts to promote gender finance and underlines the Luxembourg Stock Exchange’s pioneering role in helping to drive new and emerging sustainable financial products. By directing capital towards initiatives that empower women and advance their participation in the economy, the financial sector can thus support the unlocking of new opportunities for growth and innovation to help build a more equitable and sustainable future for all.”
Shortly before ringing the bell to signal launching of the bond, Julie Becker, CEO of LuxSE said: “It is an honour to welcome this inaugural gender bond from NMB Bank to LuxSE. This bond is a perfect illustration of the importance of women’s economic empowerment and the positive impact of gender finance. At LuxSE, we see it as our duty to advance the gender agenda and give issuers of gender bonds a pathway to international capital markets while also providing the visibility needed for investors to access these gender-focused investment opportunities.”
This remarkable milestone makes it easier for investors in Europe to get information and identify various investment opportunities that contribute to gender equality objectives.
Luxembourg Minister of Finance Yuriko Backes, who officially launched the Luxembourg Women in Finance Charter during the International Women’s Day event, commented:
“This listing marks an important milestone for global efforts to promote gender finance and underlines the Luxembourg Stock Exchange’s pioneering role in helping to drive new and emerging sustainable financial products. By directing capital towards initiatives that empower women and advance their participation in the economy, the financial sector can thus support the unlocking of new opportunities for growth and innovation to help build a more equitable and sustainable future for all.”
Shortly before ringing the bell to signal launching of the bond, Julie Becker, CEO of LuxSE said: “It is an honour to welcome this inaugural gender bond from NMB Bank to LuxSE. This bond is a perfect illustration of the importance of women’s economic empowerment and the positive impact of gender finance. At LuxSE, we see it as our duty to advance the gender agenda and give issuers of gender bonds a pathway to international capital markets while also providing the visibility needed for investors to access these gender-focused investment opportunities.”
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