PROJECT

Projects

Summary of Investment Information

Project Number

35968

Company Name

NMB BANK PLC

Date SPI Disclosed

May 17, 2017

Country

Tanzania

Region

Africa

Projected Board Date

Jun 22, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 2, 2025

Department

CF3S6 - Regional Industry - FIG ME & Africa/FIG Inv Ops - Africa

Industry

Financial Markets

Previous Events

Approved : Jun 22, 2017
Signed : May 18, 2018
Invested : May 22, 2018

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

 The proposed engagement with National Microfinance Bank (“NMB”) is aligned to IFC’s strategy for the African financial sector. The project aims at helping NMB expand its reach in Micro, Small and Medium Enterprises (MSMEs) finance and in commodity agri finance. The Project is supported by the IDA18 IFC-MIGA Private Sector Window’s Local Currency Facility (PSW LCF), which was created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states, by providing financing in local currency for high impact projects where local currency solutions are underdeveloped or missing. PSW LCF support to this Project will enable IFC to provide the long-term local currency financing needed to unlock financing for MSMEs and agribusinesses in Tanzania.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation