NBC Bank commits business growth, blue economy in Z’bar

The National Bank of Commerce has expressed its steadfast commitment to continue collaborating with small, medium, and large-scale businesses
NBC bank's Managing Director, Mr. Theobald Sabi

ZANZIBAR: The National Bank of Commerce (NBC) has expressed its steadfast commitment to continue collaborating with small, medium, and large-scale businesses through its various banking services to promote economic growth and stakeholder contribution in achieving the Blue Economy agenda and development empowerment in Zanzibar.

The commitment was emphasized by the Manager of NBC Zanzibar Branch, Mr. Abdul Karim Mkila, speaking on behalf of the bank’s Managing Director, Mr. Theobald Sabi, at the launching event of the international forum for CEOs in Zanzibar known as ‘The Tanzanite CEO Roundtable, Zanzibar Chapter’ held in Zanzibar yesterday evening.

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The launch was led by Zanzibar’s Minister of Tourism and Antiquities, Mr. Mudrik Ramadhan Soraga, and was also attended by Minister of State, President’s Office Labour, Economic Affairs and Investment – Zanzibar, Mr. Sharif Ali Sharif.

The forum brought together executives from companies and organizations across Tanzania, Kenya, South Africa, Mauritius, and neighboring countries, with the aim of strengthening the blue economy and empowering local businesses.

NBC Bank was the key sponsor of the forum.

Speaking at the event, Mr. Mkila highlighted the importance, intention, and contribution of the bank in collaborating with businesses and various stakeholders to promote economic growth on the isles through its specially designed services, including loans and insurance.