Tanzania, April 25 -- Zanzibar. NMB Bank's Chief Executive Officer, Ruth Zaipuna has said that the Bank, in partnership with the government, has financed a number of strategic sectors, including putting Sh1.6 trillion into agriculture as of last year.

Out of the funds, Sh400 billion was in the form of soft loans extended at an interest rate of nine percent in the sector Ms Zaipuna told over 500 delegates at the three-day 38th annual meeting of the Association of Local Authorities Tanzania (Alat) on April 24.

Ms Zaipuna said NMB's engagements in national development also include corporate social investment, with at least Sh8 billion set aside for 2024.

"Of the Sh8 billion, Sh2.5 billion will be spent on building a special school in Dodo...