DAR-The Treasury Registrar, Mr Nehemiah Mchechu on March 11, 2026, held talks with Gavin Tipper, Chief Executive Officer of Arise Investments, and his delegation at the Office of the Treasury Registrar in Dar es Salaam.
The meeting focused on issues related to investment and cooperation in NMB Bank Plc.
Arise Investments is one of the largest shareholders in NMB Bank Plc, holding a 34.9 percent stake, while the Office of the Treasury Registrar holds 31.8 percent.
During the discussions, Mr Mchechu thanked the delegation for visiting his office and underscored the importance of maintaining strong collaboration among the bank’s shareholders.
He also emphasized that when shareholders are given the opportunity to nominate board members, they should ensure that the individuals selected possess both competence and integrity, and are able to make decisions that safeguard the interests of all shareholders as well as the long-term stability of the institution.
“We should not appoint board members based on personal interests or the interests of the institutions they represent. Instead, we must consider the broader interests of all shareholders and the institution itself,” Mr Mchechu stressed.
Regarding the performance of NMB Bank Plc, it was noted that the bank continues to perform strongly.
Over the past five years, the bank has demonstrated strong performance, closing the year 2025 with a pre-tax profit of Sh1.1 trillion, representing a 15 percent increase.
Reflecting on these achievements, both sides emphasized the importance of continuing to support the bank’s management and staff to sustain and further build on its success.