History of NMB

5.5/10( 781 votes )( 3456 reads )

National Microfinance Bank
Last Update: 2007-06-12 20:54:23
In 1997, the National Microfinance Bank Limited Incorporation Act established the NMB.
In practice, this meant that NMB only provided payment services, savings accounts etc., and no or limited borrowing services.
The Government of the United Republic of Tanzania started the privatisation process in 2005, and sold part of its shareholding (49%) to a consortium led by the Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ('Rabobank Group').
Comments

Proverb of the Day

Fadhila ya punda ni mateke.

Statistic of the Day

Tanzania is the 36th in the world for hte most used road networks of 243,800 vehicles-km per year per km of road network as of 2004.
Members

Language

Country Regions