Dr Mwinyi hails banking sector for supporting Z’bar economy

By Guardian Correspondent , The Guardian
Published at 11:28 AM Jan 02 2025
President of Zanzibar Dr. Hussein Ali Mwinyi (C) enjoying a moment with Naima Said Shaame (R), a financial institutions officials, at a walk to mark the national exercise day in Wete District, Pemba North Region.
Photo: Guardian Correspondent
President of Zanzibar Dr. Hussein Ali Mwinyi (C) enjoying a moment with Naima Said Shaame (R), a financial institutions officials, at a walk to mark the national exercise day in Wete District, Pemba North Region.

PRESIDENT of Zanzibar, Dr. Hussein Ali Mwinyi, has hailed the banking sector for its contribution to supporting ongoing government initiatives, including the 61st anniversary celebrations of the Zanzibar Revolution.

Dr. Mwinyi made the remarks while leading thousands of Zanzibaris during   solidarity walk at  Mnazi Mmoja grounds in Wete District, North Pemba Region.

 The event is part of the celebrations marking the 61st anniversary of the Zanzibar Revolution, culminating on January 12th. NMB Bank sponsored and participated in the walk and the Mapinduzi Cup tournament.

The President expressed gratitude to NMB Bank for funding the  event, providing 100 tracksuits for leaders, valued at 9m/-, and sponsoring the Revolution Cup 2025 with a contribution of  50m/-.

"I extend my sincere thanks to NMB Bank for consistently supporting various activities in Zanzibar. Their significant participation in this event is crucial for the health of Zanzibaris, and they have enhanced our participation with the attire provided," Dr. Mwinyi said.

He emphasised that Zanzibar recognises and appreciates NMB's significant contributions to the development and welfare of the people, expressing confidence that this cooperation will continue.

NMB's Zanzibar regional manager, Naima Said Shaame, highlighted that the bank has been a long-time partner of both the Zanzibar government and the United Republic of Tanzania, having sponsored the Revolutionary celebrations for 12 years.

Shaame emphasised that the sponsorship of the Revolution Cup and the tracksuits underscores NMB's commitment to sports, promoting health, which is vital for economic growth.

"It is a great honour for us to continue partnering with the government, and NMB is proud to be integral to the  events for 12 years," said   Naima in her speech to the thousands of Tanzanians present, led by the hosts from Pemba Island.

Recently, NMB Bank’s Zanzibar branch manager, Ahmed Jumaa Nassor, handed over the 100 tracksuits and a dummy cheque of 50m/- for the Revolution Cup sponsorship to the Permanent Secretary of the Ministry of Information, Youth, Culture, and Sports Zanzibar, Fatma Hamad Rajabu.