NMB eyes regional expansion after record earnings, reforms
NMB Bank PLC Board Chairman David Nchimbi (centre) and the bank's Managing Director and Chief Executive Officer, Ruth Zaipuna (second left), display in 2025 Annual Report during the bank's 26th Annual General meeting in Dar es Salaam. Shareholders approved a record divined and key strategic resolutions to support bank's next phase of growth and regional expansion. PHOTO | COURTESY
Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
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Dar es Salaam. NMB Bank has entered a new phase of growth, signalling plans to expand beyond Tanzania after shareholders approved a share subdivision and a series of strategic resolutions at its 26th Annual General Meeting (AGM), paving the way for regional investments under its Agenda 2030 roadmap.
The landmark decisions, taken in Dar es Salaam on Wednesday, June 10, 2026, are expected to give the bank greater flexibility to pursue acquisitions, establish subsidiaries and widen ownership participation through a more accessible share structure.
