Empowering Zimbabwean Trade: Our $15 Million Partnership with the African Development Bank

We are thrilled to announce a groundbreaking partnership between NMB Bank Limited Zimbabwe and the African Development Bank (AfDB). Together, we have signed an agreement for a USD 15 million Trade Finance Transaction Guarantee Facility, aimed at boosting trade finance opportunities in Zimbabwe.

We have all wondered where our money went and what it bought. Many of us a few times more than we would like to admit. As the year starts we are all energized and ready to make wise financial decisions but inevitably we fall prey to the different financial situations we encounter.

In this article, we will explore various loopholes that leak finances and how you can master the game of financial prowess.

NMB Bank’s Commitment to ESG: Fostering Sustainability and Responsible Banking

2024 is the year to budget smarter

When it comes to the word ‘budget’ a lot of ideas and definitions of how and what it is come into play. As the year begins we are all eager and refreshed to get one step closer to attaining our financial goals. For some it’s saving for that vacation, others are to buy their first car or buy their first property, whatever it may be, the principles of making it remain the same.

NMB Bank, a leading commercial bank in Zimbabwe with a strong focus on Small and Medium Enterprises (SMEs), is set to benefit from a significant boost in trade finance. The African Development Bank Group (AfDB) recently approved a USD 15 million Trade Finance Transaction Guarantee facility for NMB Bank, beginning a strategic partnership between the two entities. 

In a remarkable display of commitment to environmental sustainability, NMB Bank spearheaded a tree planting drive at Goromonzi High School, leaving a lasting impact on the landscape and fostering a sense of shared responsibility for our planet. The event not only symbolized the bank's dedication to environmental conservation but also highlighted the importance of corporate involvement in addressing environmental challenges.

Frequently Asked Questions 

What is TaRMS?

TaRMS is a new automated revenue collection system for domestic tax introduced by ZIMRA.  Acronym stands for Tax and Revenue Management System.

What is the purpose of TaRMS?

On 13 October 2023, NMB Bank employees held a successful blood donation drive at the bank's headquarters in Harare. The drive was part of the bank's ‘We love to serve’ initiative.

‘We love to serve’ is an NMB drive in which employees take up an initiative they are passionate about. It is a way of insuring that as an organization we collaborate and all take an active part in making a difference in matters that are close to our hearts.

Utrecht, 5 October 2023 –NMB Bank Zimbabwe and Rabo Partnerships entered into a multiyear partnership aiming to support NMB to become a dominant player in the Food and Agribusiness sector and to play a catalyst role in the development of the agricultural ecosystem of the country.

"Everyone can be great because everyone can serve”

Martin Luther King Jr

Giving is something we can all do no matter how small it can be. Here at NMB helping the communities we serve in is our mission.

We had the honour of meeting the people of Kuchengetana Trust, a non-profit organisation dedicated to giving children meals. Kuchengetana Trust cooks and serves meals for the under privileged children who need proper balanced meals – they serve over 1000 meals a day.