PROJECT

Projects

Summary of Investment Information

Project Number

44080

Company Name

NMB BANK PLC

Date SPI Disclosed

Jun 23, 2021

Country

Tanzania

Region

Africa

Projected Board Date

May 21, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Oct 27, 2023

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : May 21, 2021
Signed : Jun 29, 2021
Invested : Jul 6, 2021

Sector

Commercial Banking - Trade and Supply Chain

Additional Project Attributes

Blended Finance

Project Description

 The Project comprises of a senior loan of US$90 million to NMB Bank Plc (“NMB” or the “Bank”) under the COVID-19 Emergency Response WCS Envelope (WCS Envelope). The investment will help expand the Bank’s lending operations in Tanzania and provide additional liquidity support amidst prevailing economic challenges resulting from the COVID-19 pandemic.

Associated Advisory Engagement

            N/A                                       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation