NMB pledges to continue investing in education sector

10Jan 2022
By Guardian Reporter
The Guardian
NMB pledges to continue investing in education sector

NMB Bank Plc will continue backing government efforts to improve the country’s education sector by investing more in public schools this year.

The NMB Madaraka branch manager, Elizabeth Chawinga welcoming the bank's customer relationship officer, Godfrey Methew to address stakeholder at an education symposium held in last week. Courtesy of NMB.

Speaking at an education forum held in Tanga last week, NMB Northern Zone Sales Manager, Innocent Mwanga said supporting the education system remains a priority of the country’s largest bank.

Mwanga said on the sidelines of a Regional Education Symposium for stakeholders in Tanga region that supporting the education sector is obligatory because it is a crucial in the development of the country.

“Quality education is crucial in creating a learned society and skilled human capital, both of which are important for national development. It is for that reason that the bank agreed to sponsor this symposium,” Mwanga said.

The conference was organised by the SAUTI ya Tanga WhatsApp Group to explore challenges facing the education sector in the region including standard, quality and how to improve performance of students in national exams.

Seconding Mwanga’s observation, NMB’s Madaraka Branch Manager, Elizabeth Chawinga said the bank will continue to sponsor the symposium which will be held annually as a gesture of its commitment to support development of the education sector in the country.

“Financing education is a major aspect of NMB’s corporate citizenship activities and social investments,” Chawinga said noting that the sector accounts for a considerable chunk of the bank’s corporate social responsibility budget each year.

The bank said at the launching of the NMB Foundation and inauguration of the NMB Nuru Yangu Scholarship and Mentorship Program last September that it spends over 1bn/- annually in improving social services which includes health and education.

NMB’s CSR investments in the last 10 years have benefitted nearly 1,400 schools across Tanzania through in-kind support that has included donations of over 83,000 desks and 1,200 computers.

“Our overall goal with the education pillar is to help children realize their dreams by creating a conducive learning environment for them to study and grow,” reads part of NMB 2020 annual report.

Officiating at the symposium, Tanga Regional Commissioner, Adam Malima commended NMB for its commitment and support in the education sector saying other corporate entities should borrow a leaf.

“We should not only focus on students and pupils passing their national examinations but also their ability to gain knowledge and contribute towards national development,” Malima said while urging the stakeholders to ensure that quality of education in the region is improved.

Chairperson of SAUTI, Mwantumu Mahiza backed RC Malima by saying that her group organised the symposium to help improve the quality of education in Tanga region.

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