Geita RC cherishes plans to become Lake Zone commercial hub

29Apr 2019
The Guardian Reporter
The Guardian
Geita RC cherishes plans to become Lake Zone commercial hub

THE opening of a 25 NMB Babk Plc’s branch in Geita region is an important milestone as the Lake Zone gold rich jurisdiction targets to become a commercial hub in East Africa.

Geita Regional Commissioner, Engineer Gabriel Luhumbi cutting a ribbon to symbolize the official opening of NMB Mbogwe Branch in Mbogwe district – Geita region over the weekend. Looking on are the bank’s Western Zone Manager, Sospeter Magesse (L in Kaunda suit), Mbogwe Branch Manager Daudi Mkanza (Far L), Head of Business Banking, Donatus Richard and Mbogwe District Commissioner, Martha Mkupasi and the bank’s Western Zone Relations Manager for Government Business, Suma Mwainunu. Photo: courtesy of NMB.

Geita Regional Commissioner, Engineer Gabriel Luhumbi said last Friday while opening a new NMB branch in Mbogwe district that his region’s geographic position allows it to be a centre of regional trade.

“Geita is endowed with abundant of resources such as gold, milk, honey, rice and many more and it easily connects to Kigali, Kampala and Dodoma among others hence very strategic for investment and trade opportunities,” Eng Luhumbi said.

“Business people can now deposit all their bulk cash after concluding business deals directly at this branch rather than travel long distances with cash which is very risky,” the Geita RC added.

He said many people in the region have a habit of keeping huge amounts of money earned from gold selling at home or bury it under trees which more often than not, puts them in harm’s way. “I advise you to take advantage of this new branch to keep your money safe. Whenever you get money, put it in the bank or finalize all transactions directly at the bank,” Eng Luhumbi advised.

Apart from praising NMB for bringing financial services closer to the people of Mbogwe, the RC requested the bank not only to avail banking services but also look at organising an economic forum aimed at imparting financial literacy and showcasing its products to Geita market.

Speaking at the launch, Mbogwe District Commissioner, Martha Mkupasi said by opening the branch, NMB had accomplished one of the government’s objectives of extending financial services closer to the people in remote places.

“The bank will not be providing banking services as the only important service to the people but is a serious partner in development,” Mkupasi said. She praised the management of NMB for deciding to extend services to her district saying residents were forced to travel 50 kilometres to Kahama or Bukombe to get banking services.

NMB’s acting Head of Business Banking, Donatus Richard said the new Mbogwe branch will issue all banking services including account opening, loan issuance and cash withdrawals among others.

NMB Bank Pls is the country’s largest commercial bank with 229 physical branches covering 99 percent of the country’s administrative districts, over two million customers, over 800 ATMs and 7,000 plus NMB Wakalas.