National microfinance bank (NMB) has expanded it's market

Tanzanian bank

 NMB Bank has expanded the scope of participating in international capital markets by listing the NMB Jamii Bond (NMB Jamii Bond) in the London Stock Exchange (LSE) where this step makes NMB the first institution in Tanzania to have a bond in the market and the first Bank in East Africa to list the Sustainability Bond in the London Stock Exchange. 

NMB Jamii's Bond aims to stimulate investment in socially and environmentally productive projects where the US$73 million version is listed for London Stock Exchange Investors while the launch takes place during the opening of this week,  London Stock Exchange activities and attended by the Ambassador of Tanzania in England, Mbelwa Kairuki, Chief Executive Officer of NMB Bank, Ruth Zaipuna, NMB Bank Treasurer Aziz Chacha, Chief Executive Officer of the London Stock Exchange, Julia Hoggetts and other senior leaders from the British Government and various Institutions.

“We started by listing this bond in the Dar es Salaam Stock Exchange last year, also the Luxembourg market last month and now we are listing it here on the London Stock Exchange to give Investors who focus on sustainability, the opportunity to contribute to change while getting a good return on their investment, This unique success shows the confidence that Tanzanian and international investors have in the stability of NMB Bank and its commitment to sustainability in its performance, business, society and environmental issues” - Ruth Zaipuna said.

The Chief Executive Officer of NMB Bank Ruth Zaipuna said international markets enable NMB Bank to have a wide scope to get funds to finance projects that help improve the environment, change society and have a better future for all people. 

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