Outgoing NMB boss’ wish on payment plan

Monday December 17 2018

NMB’s outgoing Mananging Director, Ineke

NMB’s outgoing Mananging Director, Ineke Bussemaker discussing issue with JKCI Executive Director, Prof Mohamed Janabi (right) during her farewell which held in Dar es Salaam on Friday. The bank succeeded to widest branch network of 228 countrywide, over 800 ATM and 6,000 Nmb Wakala agents in her role she served for nearly 4 years. PHOTO BY COURTESY OF NMB   

By Mosenda Jacob @TheCitizenTZ jmosenda@tz.nationmedia.com

Dar es Salaam. The outgoing chief executive officer and managing director of NMB bank, Ms Ineke Bussemaker, has asked her fellow CEOs from other banks to continue demanding and spearheading the National Payment Switch (NPS) agenda to enhance quick transactions at a low cost in the country.

According to Ms Bussemaker, Tanzania Bankers Association (TBA) had an initiative to get an NPS in the NMB chief’s four-year tenure at the bank, but they did not get the new payment system.

Speaking at her farewell party, which was organised by NMB bank on Friday evening, Ms Bussemaker said that she “was a little bit sorry for failing to get the NPS during her time” because every bank under TBA wanted to get it.

“This was not supposed to take five years; but only one and a half years to be achieved,” she lamented.

“This would mean that all payments and financial institutions in the country would be linked together through a national switch. The payment transactions in the country would happen very quickly and at a very low cost,” she said.

She appealed on CEOs of local banks to ensure that the drive was achieved.


“So, I’m asking you (fellow CEOs) from other banks to take this initiative to fruition. I also ask the deputy Governor of Bank of Tanzania (BoT), Dr Benard Kibese, who is present here, to take this calling and cooperate with the CEOs in making the system a reality quicker,” she urged.

For his part, the NMB board chairman, Prof Joseph Semboja, commended the latter for her four years (from 2014 to 2018) as the head of the bank.

“We all understand that under Ineke’s tenure, NMB has grown as a result of investing in new products, technologies, and alternative distribution channels, which have all contributed towards a solid foundation of the bank for the future,” he said.

new heights in terms of the balance sheet, innovation, technology and staff. For the current management team and

“As we give a farewell hand to Ineke, we are confident that her successor, who we believe will be confirmed in the near future, will make NMB grow to the Board, the race goes on, stretching into the future,” he added.