NMB dividend payout climbs to 68bn/-

DAR ES SALAAM: NMB Bank has bolstered government coffers with a substantial 68.1bn/- dividend, bringing its total contribution to the exchequer under President Samia Suluhu Hassan’s four-year tenure to an impressive 200.18bn/-.

President Samia, during the event, received a total of 1.28tri/- in dividends and contributions from public entities, institutions and companies in which the government holds shares.

Treasury Registrar Mr Nehemiah Mchechu hailed NMB’s achievement during the ‘Gawio Day Awards 2025’ for increasing its dividend to the government to 68.1bn/-.

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“The Treasury Registrar is incredibly proud of our local CEOs’ high performance, especially Ms Ruth Zaipuna of NMB. Their actions have unequivocally proven they were appointed not just for their nationality, but for their sheer competence and operational effectiveness,” Mr Mchechu said.

NMB has now contributed a total of 200.18bn/- as dividends to government over the past four years, starting with 30.8bn/- in 2021 and 45.5bn/- in 2022 and 57.4bn/- in 2023.

President Samia not only presented NMB with two awards, but she also took the opportunity to commend the significant role of the private sector and institutions with government shareholding.

She then strongly encouraged these entities to ramp up their use of Information and Communication Technology (ICT) as a direct path to higher revenues and increased government dividends.

She further articulated that Gawio Day underscores a robust commitment to ensuring public investments consistently deliver positive, productive outcomes for national policy and economic development.

It also stands as a testament to the nation’s dedication, accountability and integrity in managing public resources, reflecting the ongoing reforms and improvements implemented by her government.