NMBZ

Investees | Zimbabwe | NMBZ

Our initial stake in NMBZ Holdings Limited (“NMBZ”) was acquired from two of our shareholders at the time Arise was formed. NMBZ’s principal subsidiary is NMB Bank (formerly National Merchant Bank of Zimbabwe), a key financier and banker to the SME sector in Zimbabwe providing a wide range of financial products and services. NMBZ commenced operations as an accepting house license in May 1993. After recording phenomenal growth in its initial years, NMBZ was floated on the Zimbabwe Stock Exchange in 1997, before the authorities granted it a commercial banking license in December 1999.