NBC Bank committed to economic growth and blue economy in Zanzibar
NBC Bank Zanzibar Branch Manager Mr. Abdul Karim Mkila, gives his remarks at a brief ceremony for the launch of the Tanzanite CEO Roundtable, Zanzibar Chapter held in Zanzibar yesterday evening.
What you need to know:
- 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.
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 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.
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.
The Senior Relationship Manager (Public Sector and Institutions) of NBC bank, Mr. Gasto Ndanu (second right), and the Relationship Manager (Private Banking) of the bank, Ms. Khafsa Mohammed (left), conversing with some of the business stakeholders in Zanzibar during the brief ceremony for the launch of The Tanzanite CEO Roundtable, Zanzibar Chapter, held on the isles yesterday evening.
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.
"In essence, NBC is committed to collaborating with all stakeholders in social and economic development. Our role is to ensure that we empower small, medium, and large-scale businesses by providing them with quality banking services, loans, and insurance, to enable them to conduct their business efficiently," said Mr. Mkila.
He added that the bank will continue to be a frontrunner in facilitating economic development by bringing financial inclusion for businesses in all sectors.
In addition to company executives, the forum, which had the theme of "Strengthening Domestic Trade and Building a Strong Blue Economy in Zanzibar," also brought together other business and economic stakeholders, including investors. Participants had valuable opportunities to exchange ideas, experiences, and business growth strategies and investment opportunities in Zanzibar.
The Minister of Tourism and Antiquities of Zanzibar, Mudrik Ramadhan Soraga (centre), and the Minister of State, President's Office (Labor, Economy, and Investment) of Zanzibar, Sharif Ali Sharif (fifth left), poses for a group photo with various business stakeholders in Zanzibar, along with the NBC bank officials led by the Manager of the Zanzibar branch, Mr. Abdul Karim Mkila (fourth left), during the brief ceremony for the launch of the Tanzanite CEO Roundtable, Zanzibar Chapter,' held on the isles yesterday evening.
Speaking at the event, Minister Soraga called on participants to continue working closely together to promote the economy of the isles, particularly in the tourism, business, fishing, and housing sectors.
"This event is a rare opportunity for businesses, institutional leaders, and various stakeholders to come together and discuss important issues regarding investment and economic growth. As a government, we also rely on this forum as one of the best ways to receive advice on various economic issues to bring about sustainable development," said Minister Soraga.
On his part, Minister Sharif emphasized the importance of company executives regularly meeting to discuss opportunities and challenges facing various economic sectors, as their discussions and opinions will greatly contribute to improving the investment environment and promoting the economy of Zanzibar, particularly through the blue economy agenda.
"In general, the launch of the Tanzanite CEO Roundtable, Zanzibar Chapter is expected to be a catalyst for development while also aiding in strengthening international collaboration in investment and business sectors, and making a significant contribution to the prosperity of Zanzibar's economy," he said.
