NMB Bank has raised TZS 100 million that will be spent on treating children with cancer at the Muhimbili National Hospital. The amount was raised over the weekend through a charity race titled NMB Bima Marathon 2020. Gracing the event, Prime Minister Kassim Majaliwa commended efforts by the bank in coming up with this charity marathon to help mobilize resources for the noble cause while sensitizing the public about the benefits of insurance products. Prime Minister Kassim Majaliwa (right), NMB CEO, Ruth Zaipuna and NMB Board Chairman Dr. Edwin Mhede handing over a dummy cheque of TZS 100 million to Muhimbili National Hospital Managing Director, Prof. Lawrence Museru (left) to cover medical costs for children suffering from cancer during NMB BIMA marathon event held in Dar es salaam. Second left is Sanlam East Africa CEO, Julius Magambe. Majaliwa further noted that Non-Communicable Diseases(NCDs)remain a major challenge in the country hence both public and private sectors should work together to address the situation. Speaking at the event, The NMB Bank Plc Board Chairman, Dr. Edwin Mhede said the bank and its insurance partners are collaborating with authorities to fight against cancer and other NCDs. “As the government under its Development Vision 2025 focuses on strengthening health systems and committing further investments in the health services, our support today aims at ensuring children suffering from cancer have access to treatment so they can achieve their dreams and contribute to the betterment of our nation,” he said.  

Initiative aims to increase financial inclusion, build the domestic payment ecosystem, and further increase the adoption of contactless payment solutions in Tanzania. Dar es Salaam, Sept 8,2020: NMB Bank Plc and MasterCard today announced a partnership to roll out 3 million Mastercard branded prepaid and credit cards in Tanzania over the next five years. The collaboration aims to further build the domestic payment ecosystem and empower Tanzanian consumers with safe and secure electronic payments. Through the partnership, NMB will issue secure EMV Chip and PIN prepaid and credit cards with contactless technology, underpinned by MasterCard’s payments technology. The initiative is among the first and largest rollout of contactless payment cards in Tanzania. Contactless payments are simple, safe, and faster than other in-person payment methods, enabling customers to get in and out of stores faster. The partnership between NMB Bank and MasterCard comes at a time when Tanzania’s financial sector is migrating from magnetic strip cards towards the more secure EMV Chip and PIN cards. EMV technology has been touted as the safest way to conduct cashless payment transactions, and has been adopted widely by major markets globally, resulting in reduced card fraud and more efficient payment systems. Ruth Zaipuna, Chief Executive Officer, NMB Bank, said: “We are pleased to work with Mastercard to launch 3.0 million Prepaid and Credit cards in Tanzania. This initiative reaffirms our commitment to deepening the local cash lite economy, and underpins our goal of reaching over 600,000 customers in 2020 to drive financial inclusion and create a cashless society. Not only will these cards provide consumers with a secure means of making transactions, but they will also support the business community, whose purchases demand the use of foreign currencies. This move is a significant milestone in Tanzania, and we are confident that it will provide all types of customers with enormous value, from the mass segment to private banking customers." With the NMB Prepaid card, customers will have an opportunity to access over 15 currencies across the world, and have six currencies active at the same time, loaded into one Prepaid card. Frank Molla, Mastercard Director, Country Business Development, East Africa, said: "MasterCard has been spearheading the transition to contactless for over 15 years, championing tap-and-go as the most simple, safe and a fast way to pay. Innovation is central to achieving our vision of cashless society in Tanzania, and we remain committed to developing market-relevant payment solutions that offer true value to consumers. This partnership with NMB supports our goal to bring 1 billion people into the digital economy by 2025, and we are pleased to work together in Tanzania towards the growth of a cash lite economy." For more information about NMB and its services, you can contact:Eunice Chiume, Head of Communications and Corporate AffairsEmail: This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak9a308f070eb62767753015d81fce39d2').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy9a308f070eb62767753015d81fce39d2 = 'Eunice.Chiume' + '@'; addy9a308f070eb62767753015d81fce39d2 = addy9a308f070eb62767753015d81fce39d2 + 'nmbbank' + '.' + 'co' + '.' + 'tz'; var addy_text9a308f070eb62767753015d81fce39d2 = 'Eunice.Chiume' + '@' + 'nmbbank' + '.' + 'co' + '.' + 'tz';document.getElementById('cloak9a308f070eb62767753015d81fce39d2').innerHTML += ''+addy_text9a308f070eb62767753015d81fce39d2+''; About Mastercard (NYSE:MA) Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all www.mastercard.com For more information, you can contact:Toju Egbebi, Communications Manager, Sub-Saharan Africa, MastercardEmail: This email address is being protected from spambots. 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Dodoma, August19, 2020 -The best and most profitable bank in the country, NMB Bank Plc, handed-over TZS 15. 2Billiondividend to the government yesterday, in Dodoma.Presenting a dummy cheque to the Minister forFinance and Planning Hon. Dr. Philip Mpango, the NMBBank’sChief Executive Officer– Ms.Ruth Zaipunasaid the dividend channeled to the government is part of the 31.8% shares it holds in NMB. In June this year, at the Annual General Meeting held in Dar es Salaam, shareholders approved TZS 48 Billion dividend to be distributed to shareholders, of whichTZS15.2 Billion has been paid to the Government.  In addition to the dividend, NMB Bankpaid over TZS 170.8 Billion to the government as taxes ranging from PAYE, CorporateTax, Skills and Development Levy, ExciseDuty and VAT on services. “We are a reliable and stablebank focusing on innovation and technology with a strong balance sheet,” said Ms.Zaipuna, adding that the current country’sbusiness environment provides enormous opportunities of which NMB with the largest network and invested digital banking solutions is ideally positioned to support the citizens and business community in reaching their goals. “We remain vigilant in balancing our objectives of sustainable growth, cost efficiency and prudent risk management” Receiving the dividend, the Minister for Finance and Planning –Hon. Dr. Philip Mpango said he washappy to continuously receive a growing dividend from NMB, calling other companies in which the government has shares to emulate the practice shown by the bank. “NMB is leading by example, they have been a leading profitable bank in the Banking Sectorin Tanzania. NMB is capitalizing on opportunities available in the country to do sound and profitable business,” said Dr Mpango. Dr.  Mpango added that “If others did the same as NMB ondividend, we would witness a great improvement in the provision of social services for Tanzanians and also contribute to the various strategic government projects in progress.”  NMB is one of the government’s privatized companies that has been making profits consistently   for the past 11 years. NMB Bank, in this time frame has paid overTZS 134Billion in dividendto the Government.