PROJECT

Projects

Summary of Investment Information

Project Number

48508

Company Name

NMB BANK PLC

Date SPI Disclosed

Dec 4, 2023

Country

Tanzania

Region

Africa

Projected Board Date

Aug 3, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 11, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Aug 3, 2023
Signed : Oct 2, 2023
Invested : Dec 8, 2023

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed IFC investment supports the issuance of 3-year sustainability bonds (“SB”) denominated in TZS and in USD in Tanzania by NMB Bank (“NMB” or the “Bank”), with an own-account subscription of up to US$30 million equivalent. IFC will act as co-anchor for NMB’s TZS denominated SB and aims to mobilize third-party investors in the Bank's USD-denominated tranche (the “Project”). The Project will be supported by the IDA20 Private Sector Window Local Currency Facility (“IDA PSW LCF”) as described in the Blended Finance Section.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation