HOW NMB BANK HELPED GOVERNMENT COLLECT OVER SH9.8 TRILLION THROUGH DIGITAL PLATFORMS

NMB Bank Director of Investor Relations, Sustainability and Communications, Innocent Yonazi, addresses delegates on the bank’s achievements in the presence of Prime Minister Dr Mwigulu Lameck Nchemba during the Association of Local Authorities of Tanzania special leaders’ election meeting in Arusha.

NMB’s digital payment systems strengthen public revenue collection, improve transparency, and support Tanzania’s financial inclusion agenda

Arusha, Tanzania – April 22, 2026

NMB Bank has reported that its continued investment in digital revenue collection systems has enabled the Government of Tanzania to collect more than Sh9.8 trillion through the bank’s platforms since 2018, underscoring the growing role of financial technology in strengthening public finance management.

The milestone was shared in Arusha during a special general meeting of the Association of Local Authorities of Tanzania (ALAT), where leaders gathered to elect new office bearers and review progress in local government development.

Driving efficiency in government revenue collection

Speaking at the meeting, NMB Director of Investor Relations, Sustainability and Communications, Innocent Yonazi, said the achievement reflects strong collaboration between the bank and public institutions in modernising revenue collection systems.

He noted that NMB has invested heavily in digital payment infrastructure designed to simplify government transactions, improve transparency, and enhance efficiency for citizens, businesses, and institutions. The systems, he added, have also played a key role in reducing revenue leakages.

“These platforms have made it easier for government payments to be processed quickly and securely while ensuring accountability across collection points,” Yonazi said.

Expanding financial inclusion nationwide

Yonazi further highlighted that NMB Bank continues to expand financial access across the country, reaching more than 3,000 villages and opening over two million new accounts.

He said these efforts are part of the bank’s broader strategy to deepen financial inclusion and support economic participation at the grassroots level.

Strong financial performance and growth

The bank also reported significant growth in recent years. Its total assets rose from Sh7.1 trillion in 2020 to Sh17.2 trillion in 2025, representing a 142 percent increase. Profit before tax reached Sh1.1 trillion, reflecting sustained operational strength and digital transformation gains.

Government call for private sector partnership

Opening the meeting on April 22, 2026, Prime Minister Mwigulu Lameck Nchemba called on local government leaders to work closely with the private sector in driving economic growth and achieving Tanzania’s Vision 2050 goal of building a one-trillion-dollar economy.

He emphasized that efficient partnerships between government and financial institutions remain critical in accelerating service delivery and national development.

ALAT highlights leadership transition

Murshid Ngeze, Chairperson of ALAT, said the Arusha meeting brought together more than 400 delegates from across the country. The gathering focused on electing new leaders who will guide the association for the next five years and strengthen local government performance.

Conclusion

NMB Bank’s digital transformation of government revenue collection continues to position it as a key partner in Tanzania’s public finance ecosystem. The Sh9.8 trillion milestone highlights not only the scale of digital adoption but also the growing trust in technology-driven systems to improve efficiency, accountability, and national development outcomes.