ZANZIBAR : NMB Bank has launched the NMB Paje Branch in the South Unguja Region of Zanzibar which expands the bank’s branch network across the country to 230, serving over six million customers.
The launch that took place as part of this year’s Kizimkazi Festival was graced by President Samia Suluhu Hassan.
The inauguration comes 58 days after the Vice-President, Dr Philip Mpango, inaugurated NMB’s 229th branch in Buhigwe, Kigoma Region.
President Samia was informed by the NMB Chief Executive Officer, Ruth Zaipuna that this branch would address the challenge faced by Paje residents, who previously had to travel 60 kilometers to access banking services at the closest branch of NMB Mwanakwerekwe.
“We believe that this branch will greatly assist the residents of this area who previously had to travel approximately 60 kilometers to Mwanakwerekwe Branch to access our banking services.
“This branch will provide all financial services, including account opening, payments, deposits and withdrawals, insurance services, loans and foreign currency exchange.
“In addition, our branch staff will use this building to provide financial education to the public, especially fishermen, seaweed farmers and salt producers.
This education has already started even before today’s inauguration,” she said.
Apart from President Samia, attendees included the Prime Minister, Kassim Majaliwa, the Governor of the Central Bank of Tanzania (BoT), Emmanuel Tutuba and the Minister of Finance, Mwigulu Nchemba.
Other leaders in attendance were the Speaker of the National Assembly of the United Republic of Tanzania, Dk Tulia Ackson, the Chief Secretary, Ambassador Moses Kusiluka, the Government Spokesperson, Gerson Msigwa, the Former Prime Minister of the Fourth Phase Government, Mizengo Pinda and various ministers from the Revolutionary Government of Zanzibar (SMZ).
NMB Paje becomes the bank’s third branch to be opened this year, after the Kwa Mrombo branch in Arusha on May and the Buhigwe branch in Kigoma on July.