Bank spends over 550m/- supporting education, health infrastructure

19Jul 2019
The Guardian Reporter
The Guardian
Bank spends over 550m/- supporting education, health infrastructure

EDUCATION and health sector have already received over half a billion shillings in construction material, desks and medical equipment so far this year from NMB Bank Plc.

Kigamboni District Executive Director, Architect Ng’wilabuzu Ludigija (R) thanks NMB Bank’s Head of Government Business, Vicky Bishubo after receiving 150 school desks and iron sheet donated by the bank to three schools in his municipality during a handover ceremony held in Dar es Salaam this week. Left is NMB Kigamboni Branch Manager, Nestory Mwombeki. Photo: courtesy of NMB.

The bank which allocates a percent of its gross profit to invest in community projects including disaster relief as part of its corporate social responsibility, plans to spend 1bn/- this fiscal year from its over 90bn/- profit last year.

NMB’s Head of Government Business, Vicky Bishubo said in Dar es Salaam this week after handing over iron sheet roofing materials, desks and chairs all valued at 40m/- to six public schools and a health center in Kigamboni Municipality.

Bishubo said the 150 desks and iron sheets were donated to three primary schools in Kigamboni Municipality valued at 20m/-,namely Pemba Mnazi, Kibugumo and Gomvu. Other schools supported during the week are Ngando Primary and Lagangabilili Secondary located in Bariadi district of Simiyu region which received 120 desks worth 10m/-.

The country’s most profitable bank also donated 170 roofing sheets valued at over 5m/- to Mwenge Primary School in Igunga district of Tabora region while Serengeti Hospital in Mara region got five hospital beds and mattresses, one delivery bed and 54 bed-sheets worth 5m/-.

“For many years now, we at NMB have been in the forefront to finance development projects owned by communities as part of our corporate social responsibility. As I’m speaking here, the bank has already provided grants worth more than 550m/- in support of community projects this year,” she said.

Speaking after receiving the donation, Kigamboni District Executive Director, Engineer Ng’wilabuzu Ludigija commended NMB for the valuable support while calling on other financial institutions and companies to borrow a leaf from the bank in supporting community projects.

“With this material support, our education and health sectors will improve very much in delivering to the people,” Eng Ludigija said.

In Serengeti, District Commissioner, Nurdin Babu also thanked the bank’s management and staff for the support which he said, came at the right time as his district needs more than 9bn/- to complete construction of its 11bn/- district hospital.

“We request NMB management and other well-wishers to continue supporting us finish this project that will greatly improve health services in our district,” Babu said.

One of Serengeti residents, Charles Magiri backed the DC’s observation saying, NMB bank is a valuable corporate citizens that has invested heavily in education and health in the country. “I also request the government to allocate enough money so that our district hospital can be completed on time,” Magiri noted.