Bill
JF-Expert Member
- Oct 5, 2007
- 8,283
- 8,499
Haihitaji mtu wa ndani, tumia kichwa chako kwa dakika tano tu inatosha kupata majibuJamani eeeh.. mtu wa ndani wa NMB tunaomba mjazie nyama kwenye huu uzi..
Rabobank has lodged a share transfer request for its stake in NMB Bank Plc
NMB Bank’s largest shareholder, Rabobank of the Netherlands, has partnered with the Dutch Development Bank (FMO) and the Norwegian State owned development fund (Norfund) to form a Sub-Saharan Africa-focused investment company, Arise. The partnership was officially launched in Cape Town, South Africa in February 2017.
The ambition of the partnership is to build strong, locally owned financial institutions that serve small and medium enterprises (SMEs), the rural sector, and clients who have not previously had access to financial services.
Rabobank, FMO and Norfund have each in their individual capacities been successful in the development of the financial sector in Africa. Through Arise, the partners aim to continue to adequately support the growth and advancement of financial institutions by proactively providing among other things, technical assistance and management services in the fields of governance, management, marketing, innovation, compliance and risk management.
To achieve their goal, members of the partnership agreed to pool together their networks, expertise and assets, including the stakes they individually held in several financial institutions in Sub-Saharan Africa (SSA). For Rabobank, this represents its shareholding in a number of financial institutions in SSA including NMB Bank Plc (NMB).
The transfer of Rabobank’s shares in NMB to Arise is subject to regulatory approvals both at shareholder level as well as at the various national levels. Rabobank has lodged its share transfer request at the Ministry of Finance (MOF), the Bank of Tanzania (BOT) and the Capital Markets and Securities Authority (CMSA).
NMB will provide an update of the proceedings upon the receipt of responses from the regulatory bodies