Dar es Salaam. Years of sustained growth, guided by a smooth execution of its strategic plan and boosted by Tanzania’s sound economic performance, have seen NMB Bank Plc sit on the list of most valuable companies in East Africa, the latest data shows.
An analysis of stock market data for the past five years shows that the now-over Sh11 trillion lender, which started as a small bank in 1997, has grown tremendously from being the 10th most profitable bank in East Africa in 2018 to settle comfortably on position three, challenging some of the largest companies that have historically been occupying the coveted top spots.
