Inspiring Sustainable Business in Africa
TANZANIA – African investment company Arise has acquired a 34.9% shareholding previously owned by Rabobank in NMB Bank Plc listed on Dar es salaam Stock Exchange (DSE) in Tanzania. On 28 December 2020, The Capital Market and Securities Authority (CMSA) in Tanzania approved the transfer of 174,500,000 NMB Bank Plc shares owned by Rabobank to Arise, an African investment company…
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TANZANIA – NMB Bank, the leading commercial bank in Tanzania, has announced the appointment of Ruth Zaipuna as its Chief Executive Officer. In a statement the bank said Ms Zaipuna has made a significant contribution in its strategy, governance, cost efficiency and overall leadership of the bank. Ruth becomes the first Tanzanian CEO to head Tanzania’s most profitable and leading…
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TANZANIA – The NMB Bank, a commercial bank in Tanzania, has set aside US$217.65 million (Tshs500 billion) to finance milk processing ventures in a bid to boost several milk processing plants in the country. The financial institution said that the funding, which will be available as a credit facility, is also aimed at boosting milk consumption per capita and increasing…
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