NMB Bank is proud to announce the launch of the inaugural Jamii Bond Impact Report, marking a significant milestone in Tanzania’s sustainable finance landscape. As East Africa’s largest sustainability bond to date, the Jamii Bond represents a transformative step in integrating climate resilience, inclusive growth, and financial innovation within the banking sector.
Launched under NMB Bank’s 10-year Multicurrency Medium-Term Note (MTN) Programme, the Jamii Bond successfully raised TZS 400 billion (USD 147 million) through its dual tranches. This historic issuance highlights NMB Bank’s ongoing commitment to sustainable development and positions the bank as a leader in financial innovation.
Structured in full alignment with the NMB Sustainable Financing Framework, the bond ensures that every investment made supports both environmental and social objectives. With more than 90% of the TZS tranche taken up locally, the bond received overwhelming support from both local and international investors, demonstrating strong confidence in its impact and long-term potential.
As the CEO of NMB Bank emphasized, “The Jamii Bond is more than just a financial innovation; it is a strategic catalyst for sustainable, low-carbon development and inclusive prosperity.” The success of the bond is a clear testament to NMB Bank’s vision of aligning capital with climate action, the Sustainable Development Goals (SDGs), and delivering tangible, lasting value for both communities and investors.
Key Impact Highlights:
The Jamii Bond has already made a significant difference across several critical sectors:
💧 Water & Sanitation: 52,800 m³ of wastewater treated, providing 26,400 people with access to clean water
🌱 Sustainable Agriculture: 6,529 hectares under climate-smart farming, boosting productivity by 27,500 tonnes of sugar
⚡ Renewable Energy: 26.4 MW installed capacity, generating 22,760 MWh annually
🚆 Clean Transport: 622,044 tCO₂e emissions avoided annually, serving 1.7 million passengers
👨🌾 Food Security: Support for 30,000+ smallholder farmers and 12,000+ agri-businesses
🏢 MSMEs: TZS 14.5 billion in loans disbursed, supporting 515 jobs across 29 enterprises
Through the Jamii Bond, NMB Bank has successfully disbursed and fully allocated 6,542 green and social loans within the stipulated timeline. This aligns the bond with the Paris Agreement, the United Nations SDGs, and Tanzania’s Nationally Determined Contributions (NDCs).
As the Chairman of the Board of NMB Bank remarked, “We are not resting on this success. The MTN Programme is just the beginning. We will continue to mobilize capital, deepen partnerships, and scale solutions that build a more resilient, inclusive future for Tanzania.”
This is just the start of an exciting journey, and NMB Bank invites all investors, partners, and stakeholders to explore the full Jamii Bond Impact Report. The report reflects the bank’s commitment to transparency, adherence to international reporting standards, and a dedication to making a meaningful impact on Tanzania’s sustainable future.
