NBC Bank finances Maruhubi ferry terminal to boost Zanzibar’s transport and tourism sectors
NBC Bank’s Director of Retail Banking, Elibariki Masuke (left), and Zanzibar Ferry Development Company Limited Managing Director, Jaffer Machano (right), exchange congratulatory gestures after signing a cooperation agreement to support the construction of the Maruhubi (Mpiga Duru) Passenger Ferry Terminal through a concessional loan, during the foundation stone–laying ceremony officiated by Zanzibar’s Second Vice President, Hemed Suleiman Abdullah (centre).
NBC Bank has also recently acted as Lead Arranger and Manager of a $200 million facility for the Revolutionary Government of Zanzibar to finance major social and economic development projects.
