How NMB’s Impressive Dividend Record Captivated Investors at the Zanzibar Conference

NMB Bank has assured small, medium, and large investors who participated in the Zanzibar Investment Conference organized by the Zanzibar Investment Authority (ZIPA) that it is financially strong enough to enable them to take part in the Economic Revolution on the islands and in Tanzania as a whole.

The confirmation of NMB’s strength is highlighted by its entry into the Club of Companies Worth Over 1 Billion US Dollars Globally, with Post-Tax Profit (Tzs 643 billion), significant dividends to the Government (Tzs 214 billion), and several international awards including those from Euromoney and Global Business and Finance.

This was said by the Head of NMB’s Transaction Department, Ms. Linda Teggisa, while presenting to the participants of the conference, which brought together over 1,000 investors from Zanzibar, mainland Tanzania, and Africa in general, and was concluded by the President of Zanzibar and Chairman of the Revolutionary Council, Dr. Hussein Ali Mwinyi.

In her presentation to the participants, Ms. Linda expressed that her bank is proud to continue supporting the Zanzibar government’s efforts to promote the Blue Economy, an opportunity that allowed them to engage with investors and showcase the excellent, essential, and high-quality solutions and services they have for investors.

“We at NMB are using this presentation to demonstrate to the participants our capabilities as a bank in terms of the solutions we offer to individual clients, large businesses, and government institutions, including money transfers to facilitate trade for someone abroad or someone locally purchasing goods from outside the country.

“Our bank has a capital of approximately 1.1 billion US dollars, making it the largest bank in the country and the second largest in East Africa, as we enter institutions valued at over 1 billion dollars, and the secret to this success includes investment in technology, where 96% of our transactions are conducted digitally.

We are leaders in financial solutions within the country, possessing the strength and stability necessary to support investments and drive the Zanzibar Government’s Strategic Plan aimed at enhancing investment areas in Micheweni and Zanzibar as a whole, as stated by the Minister responsible for Investment,” said Ms. Linda.

The founder and CEO of Cocco Lagoon International Company, Grzegorz Adamczak, while presenting to the participants, noted that NMB is a bank that has distinguished itself to the extent of attracting even foreign investors considering coming to invest, and that their achievements and international awards have significantly enhanced their value.

“Based on its records and statistics, it has been a bank that contributes greatly to economic growth among entrepreneurs and traders at all levels, as well as for small, medium, and large investors,” added Adamczak, who referred to NMB as the right bank for investors.

At different times during their presentations, Safari Fungo, the Coordinator of Markup at the International Trade Center, and Emilian Busara, a Financial Advisor, praised the various innovations of NMB and noted that their sponsorship and participation in the Zanzibar Investment Conference provide an opportunity for participants to achieve their goals.

“I am here as a Topic Analyst for the investment conference, but I know and understand NMB well due to my involvement in financial advisory matters in Tanzania; it is the largest bank leading in profitability, having recorded a profit after tax of over Sh. Bil. 600 just last year, and recently distributing a significant dividend.

“Additionally, it has been awarded the Best Bank, Largest Taxpayer, and Timely Taxpayer awards, which is why, as an advisor, I do not hesitate to recommend to the investors participating in this conference and others, to work with NMB if they wish to expedite the success of their investments in various projects,” Emilian said .