SMZ commends NMB for sponsoring and participating in Zanzibar Investment Forum

By Guardian Correspondent , The Guardian
Published at 07:30 PM Jun 18 2025
SMZ commends NMB for sponsoring and participating in Zanzibar Investment Forum
Photo: File
SMZ commends NMB for sponsoring and participating in Zanzibar Investment Forum

The Revolutionary Government of Zanzibar (SMZ), through its Investment Authority, Zanzibar Investment Promotion Authority (ZIPA), has expressed gratitude and commended NMB Bank by awarding them a Special Certificate for their significant sponsorship and participation in the Zanzibar Investment Forum 2025. The event was concluded by the President of Zanzibar, Dr. Hussein Ali Mwinyi.

The Zanzibar Investment Forum, which took place over two days at the Micheweni Free Trade Zone in Pemba, brought together various local and international investors. The forum was sponsored by NMB under the theme "It's Time for Pemba," highlighting investment opportunities available on the island.

Speaking to the media following a dinner organized by the Zanzibar President's Office for the investors attending ZIS 2025, the Executive Director of the Zanzibar Investment Promotion Authority (ZIPA), Saleh Saad Mohamed, stated that NMB's sponsorship and participation reflect their confidence in SMZ and its institutions.

"I take this opportunity to thank our colleagues at NMB Bank for continuously supporting ZIPA and for believing in and investing in Zanzibar as the right place for development and support by the Revolutionary Government.

"Our gratitude also stems from the fact that NMB continues to see ZIPA as a close ally, supporting us and facilitating progress in systems and other shared initiatives for the development and prosperity of Zanzibar and its people.

"On behalf of SMZ and ZIPA, I extend thanks to NMB's Chief Executive Officer, Ms. Ruth Zaipuna, and all the staff for their unwavering support, as NMB has always stood shoulder to shoulder with SMZ and ZIPA.

"We believe that with NMB's facilitation, the forum next year in 2026 will be larger and better, with even more participants," articulated Saleh, whose Authority coordinated the Forum that commenced with Charity Walks, free health screenings, Investment Exhibitions, and an Investors’ Dinner.


Speaking in the presence of Zanzibar’s President Dr. Mwinyi, NMB Bank’s Head of Transaction Banking, Ms. Linda Teggisa, expressed gratitude to SMZ and ZIPA for trusting the partnership and providing the opportunity to interact with both local and international investors, shedding light on Blue Economy development opportunities.

Committing to continued collaboration with SMZ and its institutions, Ms. Linda stated that the Zanzibar Investment Forum was more than just a platform that allowed NMB to showcase their strength, reliability, and service excellence to the investors, urging them to consider the bank for their investment endeavors to build a competitive economy.

"We at NMB are grateful for the opportunity to collaborate in making the Zanzibar Investment Forum a success. We have made the most of this chance to demonstrate our capabilities, opportunities, and investor-friendly services that we offer, both domestically and internationally.

"We showcased our solutions as a leading bank in the country, aiming to maintain collaboration not only with local investors but also foreign ones who may come to Tanzania and find the essential solutions for the prosperity and development of their investments,” explained Ms. Linda.

She further added that the partnership with SMZ will continue, stating: “We have collaborated with ZIPA in significant areas, including the development of a solid ‘Zanzibar Investment Electronic Window,’ which offers each side the information they need from the other.

“The Zanzibar Investment Electronic Window is a platform where investors can obtain certificates from ZIPA, who can also access various investment-related information. As a leading bank, we believe we can continue to cooperate with SMZ to ensure the realization of a digital economy,” Ms. Linda concluded.