Dar es Salaam, March 5, 2026 – NMB Bank Plc has partnered with the Public Procurement Regulatory Authority (PPRA) to launch a Digital Bank Guarantee Confirmation service, a major step aimed at modernising Tanzania’s public procurement processes through technology.
The new service integrates NMB’s banking systems with the government’s electronic procurement platform, NeST System, allowing instant verification of bank guarantees used in government tenders.
The initiative was officially launched at the NMB Head Office in Dar es Salaam, bringing together leaders from the public and private sectors, procurement professionals, customers, and members of the media.
Advancing Digital Transformation in Public Procurement
Speaking during the launch, Ruth Zaipuna, Chief Executive Officer of NMB Bank, said the new solution reflects the bank’s commitment to using technology and strategic partnerships to deliver innovative financial services that improve efficiency and transparency across key sectors of the economy.
She explained that the digital service will simplify the process of submitting and verifying bank guarantees required in public procurement.
Traditionally, the verification of bank guarantees relied heavily on paper-based processes that often resulted in delays, administrative burdens, and risks such as document loss or fraud.
“With the launch of the Digital Bank Guarantee Confirmation service, processes that previously took several days can now be completed almost instantly,” said Zaipuna.
Through the integrated system, NMB will verify both the bank guarantee and the bidder’s account in real time and provide immediate confirmation through the NeST platform.
Supporting Businesses Participating in Government Tenders
Public procurement plays a crucial role in Tanzania’s economic activity. Every day, large corporations, small and medium-sized enterprises (SMEs), contractors, suppliers, and service providers compete for government tenders that require speed, transparency, and strict compliance with procurement regulations.
The new digital solution allows bidders to submit and verify several types of guarantees directly through the NeST system, including:
- Bid Bonds
- Advance Payment Guarantees
- Performance Guarantees
According to NMB, the service offers several key benefits to businesses participating in public tenders:
- Faster participation in procurement processes
- Instant verification of bank guarantees
- Reduced administrative workload and follow-up requirements
- Improved transparency and accountability
- Greater confidence when competing for public contracts








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