Dar es Salaam, Jan. 23 -- NMB Bank has signed a Memorandum of Understanding (MoU) with the Stone Town Conservation and Development Authority (STCDA) to maintain and sustain management of Forodhani Park in Zanzibar.

Speaking during the MoU signing ceremony held at Forodhani Park, the NMB Bank Head of Retail Banking Mr Filbert Mponzi said the banks efforts complement the Zanzibar governments Blue Economy Policy that among other things seeks to boost the countrys tourism potential.

“This MoU reiterates our banks commitment to continue supporting the sustainable development of Zanzibar. Forodhani Park is strategically located, which is why it attracts thousands of tourists.

As a development partner, we feel duty bound to maintain thi...