NMB Bank says its continued investment in digital revenue collection systems has helped the Government collect more than Sh9.8 trillion through the bank’s platforms since 2018.
The milestone was shared in Arusha during the special general meeting for the election of leaders of the Association of Local Authorities of Tanzania (ALAT).
Speaking at the meeting, NMB Director of Investor Relations, Sustainability and Communications, Innocent Yonazi, said the achievement reflects close collaboration between the bank and public institutions to improve government revenue management. He said NMB has invested in modern payment systems that make government payments easier, more transparent and more efficient for citizens, businesses and institutions, while also helping to reduce revenue leakages.
Yonazi added that the bank has also continued to deepen financial inclusion across the country, reaching more than 3,000 villages and opening over two million new accounts. He said NMB’s asset base rose from Sh7.1 trillion in 2020 to Sh17.2 trillion in 2025, equivalent to a 142 percent increase, while profit before tax reached Sh1.1 trillion.
Opening the meeting on April 22, 2026, Prime Minister Dr Mwigulu Lameck Nchemba urged local government leaders to support private sector growth as a key driver of economic expansion and Tanzania’s Vision 2050 ambition of building a one-trillion-dollar economy. ALAT Chairman Murshid Ngeze said the meeting had brought together more than 400 delegates to elect new leaders who will steer the association for the next five years.
