By Our Reporter | Zanzibar – June 18, 2025
The Revolutionary Government of Zanzibar (SMZ), through the Zanzibar Investment Promotion Authority (ZIPA), has formally recognized NMB Bank for its outstanding sponsorship and active participation in the Zanzibar Investment Forum 2025 (ZIF 2025).
The two-day high-profile forum, held at the Micheweni Free Trade Zone in Pemba, brought together a wide array of local and international investors, under the theme: “It’s Time for Pemba”, underscoring the island's untapped investment potential.
Special Recognition from SMZ
In a celebratory gesture, NMB Bank was awarded a Special Certificate of Appreciation, presented at the conclusion of the forum by Zanzibar President Dr. Hussein Ali Mwinyi, acknowledging the bank’s unwavering commitment to advancing investment in Zanzibar.
Speaking at a post-forum investor dinner organized by the President’s Office, ZIPA Executive Director Saleh Saad Mohamed highlighted the critical role NMB played in the success of the forum:
“We sincerely thank NMB for their confidence in Zanzibar and ZIPA. Their consistent support not only strengthens our partnership but also builds investor confidence in our systems and national potential,” he noted.
Mr. Saleh also expressed optimism about future collaborations:
“With NMB’s support, we are confident that next year’s forum will be bigger and better.”
NMB’s Commitment to Zanzibar’s Growth
Representing NMB Bank at the forum, Head of Transaction Banking, Ms. Linda Teggisa, emphasized the bank’s gratitude for the opportunity to support the Zanzibar Investment Forum and its broader goals of promoting the Blue Economy and sustainable investment.
“We are honored to partner with SMZ and ZIPA in this important initiative. This forum offered NMB the opportunity to showcase our strengths as a bank, while engaging with investors who are interested in tapping into Tanzania’s growing economy,” said Ms. Linda.
She urged investors to consider NMB Bank as a trusted financial partner, offering comprehensive, investor-focused solutions that support both local and international growth.
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Digital Transformation through Partnership
Ms. Linda further disclosed that NMB is collaborating with ZIPA on the development of a “Zanzibar Investment Electronic Window”, a cutting-edge digital platform designed to streamline investor access to registration, certification, and information services.
“This platform will centralize vital investment-related data and documents, enhancing transparency and reducing delays. As a digital leader in banking, we are proud to be enabling such infrastructure for a more competitive and modern economy,” she added.
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Empowering Zanzibar’s Investment Ecosystem
The forum was more than just dialogue; it featured:
- A Charity Walk,
- Free Health Screenings,
- Investment Exhibitions, and
- An Investors’ Gala Dinner, providing a holistic experience for stakeholders and fostering deeper collaboration between government, private sector, and investors.
NMB’s presence, support, and investment in the forum illustrate its long-term commitment to Zanzibar’s growth agenda and its continued partnership with ZIPA and SMZ in promoting prosperity through innovation, access to capital, and digital transformation.
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