Apr 14, 2025

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NMB Bank earns top recognition for sustainability excellence

NMB Bank has once again proven itself a trailblazer in sustainable banking, earning recognition as Africa’s Best for Sustainability in 2025 at the Euromone Private Banking Awards . As Tanzania’s premier private financial institution, NMB is setting the standard across the continent with a bold, integrated approach that blends environmental responsibility, social impact, and financial growth.

At the heart of NMB’s success is its comprehensive sustainability framework, grounded in five key pillars. The bank rigorously applies environmental and social risk assessments across all lending activities—an approach reinforced by a significant TSh2 billion ($756,000) investment in 2024 dedicated to climate change and sustainability initiatives.

One of NMB’s flagship efforts, the MitiMillion campaign, has planted over 1.2 million trees nationwide and introduced bee-keeping projects in multiple regions—promoting forest conservation while driving rural economic development.

In the realm of sustainable finance, NMB continues to dominate. It commands 62% of the domestic market in Tanzanian shilling-denominated sustainability bonds and holds 100% of the market for foreign currency-denominated green instruments. Notably, its Jamii Sustainable Bond raised $73 million to fund impactful projects across social, environmental, and blue economy sectors.

Through visionary leadership and concrete action, NMB Bank is not only transforming Tanzania’s banking landscape but also cementing its role as a sustainability champion for Africa.

For more information on NMB visit www.nmbbank.co.tz

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