• Distinctive international Recognition of the Bank’s Commitment In Advancing Workforce Gender Equality

NMB Bank Plc is the first financial institution in Africa to gain workplace gender equality certification using a global assessment methodology, the Economic Dividends for Gender Equality (EDGE).
Launched at the World Economic Forum (WEF) in 2011, EDGE is the leading global assessment methodology and business certification standard for evaluating corporate commitment to gender equality. This certification recognizes NMB Bank’s People and Diversity, Equity & Inclusion Strategic commitment measured in terms of policies and practices across five key areas including equal pay for equivalent work; recruitment and promotion; leadership development training and mentoring; flexible working and organizational culture. Around 30.1% of NMB Bank’s 3,500 employees were also independently surveyed on gender equality.

“We are committed to create a workplace that taps and unlocks the diversity of our people and empower them to deliver innovative solutions, benefiting our employees, customers and community,” said NMB CEO Ruth Zaipuna. “Therefore, this internationally recognized accreditation marks a significant milestone in our journey towards gender parity.”
“This certification affirms NMB’s commitment to gender equality,” said Aniela Unguresan, Co-Founder of EDGE Certified Foundation. “By measuring, benchmark and formulating a transformative action plan, the Bank has reached a major milestone in its quest to build a more inclusive culture.”

“Attaining gender parity in the workplace unlocks business opportunities as well as drives economic inclusion,” said Frank Ajilore, IFC Resident Representative for Tanzania. “IFC is excited to have partnered with NMB through the EDGE Gender Certification process, enabling it to deliver greater business impact and serving as a role model for others to follow. The EDGE methodology is a robust tool to deepen interventions to support women as leaders and employees of private sector companies.”

During assessment process, NMB Bank was highly commended on robust and effective institutional framework of policies and practices that showcase progress in equal representation, pay equity and equitable recruitment and promotion. NMB Bank has Diversity, Equity and Inclusion programmes that promote equality in the workplace, including employee support groups and mentoring programmes among others. The Bank’s participation in the two-year IFC-F2E, Finance2Equal partnership, further enhanced these endeavors’ achieving 48% women representation of overall workforce, 100% maternity return rates.

About the NMB
NMB Bank Plc. (“NMB”) is a full-service commercial bank incorporated in the United Republic of Tanzania. It is listed at the Dar Es Salaam Stock Exchange and its largest shareholders are the strategic partners Arise B.V with a 34.9% shareholding and the Government of Tanzania with a 31.8% shareholding.
The bank has been named The Safest Bank in Tanzania for the year 2020 by Global Finance Magazine. NMB Bank was also awarded as the Best Blended Finance Partner in Africa for banks working with International Finance Corporation (IFC) of the World Bank Group in 2019. Also, the Best Retail and Best Commercial Bank in Tanzania by the Banker East Africa Magazine in 2018. For more information about NMB and its services, please visit our website: www.nmbbank.co.tz  

About EDGE Certification
EDGE is the leading global assessment methodology and business certification standard for gender equality. EDGE Certification has been designed to help organizations not only create an optimal workplace for women and men but also benefit from it. EDGE stands for Economic Dividends for Gender Equality and is distinguished by its rigor and focus on business impact. The methodology uses a business, rather than theoretical approach that incorporates benchmarking, metrics and accountability into the process. It assesses policies, practices and numbers across five different areas of analysis: equal pay for equivalent work, recruitment and promotion, leadership development training and mentoring, flexible working and organization culture. EDGE Certification has received the endorsement of business, government and academic leaders from around the world. The EDGE assessment methodology was developed by the EDGE Certified Foundation and launched at the World Economic Forum in 2011. For more information, visit http://edge-cert.org/.