30-470: NMB may stand for: Businesses [ edit ] NMB (Tanzania) , a bank NMB Technologies , a subsidiary of MinebeaMitsumi NMB Bank Nepal NMB Bank Limited , Zimbabwe Places [ edit ] Namibia , ITU country code nmb Nelson Mandela Bay Metropolitan Municipality , in South Africa North Miami Beach, Florida ,
60-597: A list of current members of the Bunge arranged in two ways, alphabetically by member and alphabetically by constituency. Tanzania 's National Assembly members are elected concurrently by direct popular vote for 5-year terms. The unicameral National Assembly elected in 2000 had 295 members. These 295 members included the Attorney General , five members elected from the Zanzibar House of Representatives to participate in
90-518: A " hybrid regime " in 2022. ==Political conditions== :) Full independence came in December 1961 and Julius Kambarage Nyerere (1922–1999), a socialist leader who led Tanganyika from colonial rule, was elected President in 1961. One of Africa’s most respected figures, Julius Nyerere was seen as a politician of principle and intelligence. Known as Mwalimu (teacher), he proposed a widely acclaimed vision of education. From independence in 1961 until
120-447: A "hybrid regime", ranking it 90th out of 167, an improvement from 92nd the year before, but preceding a decline on a number of metrics as shown in subsequent Freedom House studies. By 2018, many of the factors taken into account by Freedom House had undergone a small but significant decline, with the most recent reports citing a marked deterioration in the rights of civil society and reduced the abilities of political opposition to criticize
150-450: A Japanese music group Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title NMB . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=NMB&oldid=1154443254 " Category : Disambiguation pages Hidden categories: Short description
180-470: A city in the U.S. Daman Airport , Daman and Diu, India, IATA airport code NMB Other uses [ edit ] National Mediation Board , an independent agency of the U.S. government The Neal Morse Band, stylized as NMB since 2021 Neuromedin B , a peptide in mammals New methylene blue , an organic staining agent Big Nambas language , ISO 639 code nmb See also [ edit ] All pages with titles containing NMB NMB48 ,
210-739: A member of the Union Parliament. Changes to the Zanzibar Constitution in April 2002 allowed both the CCM and CUF parties to nominate members to the Zanzibar Electoral Commission. In May 2003, the Zanzibar Electoral Commission conducted by-elections to fill vacant seats in the parliament, including those seats vacated by the CUF boycott. Observers considered these by-elections, the first major test of
240-450: A non-executive director, is the chairman of the eight-person board of directors . 'Ruth Zaipuna is the chief executive officer . Eleven other senior managers work with her to execute the bank's day-to-day business. Government of Tanzania The politics of Tanzania takes place in a framework of a unitary presidential democratic republic , whereby the President of Tanzania
270-560: Is assisted in their duties by the Vice President, who is also directly elected by the people. The Vice President may also be assigned specific responsibilities by the President. The executive branch is further divided into ministries, each of which is responsible for a specific area of government policy. The ministers are appointed by the President and are responsible for the day-to-day operations of their respective ministries. Each ministry
300-472: Is both head of state and head of government , and of a multi-party system . Executive power is exercised by the government. Legislative power is vested in both the government and parliament. The party system is dominated by the Chama Cha Mapinduzi ( Revolutionary State Party ). The Judiciary is independent of the executive and the legislature. The Economist Intelligence Unit rated Tanzania
330-603: Is different from Wikidata All article disambiguation pages All disambiguation pages NMB (Tanzania) NMB Bank Plc. , is a commercial bank in Tanzania . It is licensed by the Bank of Tanzania , the central bank and national banking regulator. As of 31 December 2022, the bank's total assets were valued at approximately US$ 4.106 billion (TSh 10.2 trillion), with more than 6 million customer accounts and more than 3,500 employees. As of September 2023 ,
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#1733085654771360-567: Is headed by a Permanent Secretary, who is the chief administrative officer of the ministry. Other important officials in the executive branch include the Attorney General, who is the principal legal adviser to the government, and the Chief Secretary, who is the head of the civil service and is responsible for ensuring the smooth functioning of the government. The executive branch in Tanzania
390-573: Is responsible for overseeing the country's economic development, foreign affairs, defense, and internal security. It plays a key role in implementing policies aimed at promoting economic growth, improving living standards, and reducing poverty. It also works to maintain peace and stability within the country, and to build strong partnerships with other countries in the region and beyond. The unicameral National Assembly of Tanzania or Bunge has 393 seats — 264 elected by popular vote, 113 allocated to women chosen by their parties in proportion to their share of
420-523: Is the first female President of Tanzania. The executive branch of the Tanzanian government is responsible for implementing and enforcing the laws and policies of the country. It is headed by the President of the United Republic of Tanzania, who serves as both the head of state and the head of government. The President is elected for a term of five years, and can be re-elected for a maximum of two terms. In
450-494: The Dar es Salaam Stock Exchange (DSE). The stock of the bank is listed on the Dar es Salaam Stock Exchange , under the stock symbol NMB . As of September 2023, the company's stock was owned by institutions and private individuals as detailed in the table below: As of September 2023 , the bank maintained 230 networked brick-and-mortar branches in all regions and provinces of mainland Tanzania and Zanzibar Island. 'Edwin P. Mhede',
480-469: The Magufuli regime. Tanzania remains in the "Partly free" category as of 2018. According to Human Rights Watch since the election of President John Magufuli in December 2015, Tanzania has witnessed a marked decline in respect for free expression, association and assembly. On 19 March 2021, Vice President Samia Suluhu Hassan became the new president after the sudden death of President John Magufuli. She
510-552: The Parliament, the 48 special women's seats which were made up of 20% of the seats a particular party had in the House, 181 constituents seats of members of Parliament from the mainland, and 50 seats from Zanzibar , as well as seats for the 10 members of Parliament nominated by the President. The ruling CCM holds about 86% of the seats in the Assembly elected in 2005, and held 93% of seats in
540-505: The Union Parliament after boycotting the legislature to protest the Zanzibar election results. In October 2001, the CCM and the CUF parties signed a reconciliation agreement that called for electoral reforms and set up a Commission of Inquiry to investigate the deaths that occurred in January 2001 on Pemba. The agreement also led to the President appointment of an additional CUF official to become
570-526: The bank was a large financial services institution, providing commercial banking services to individuals, small and medium-sized enterprises , corporate clients as well as large businesses. Then, it was the second-largest commercial bank in Tanzania , by assets, behind CRDB Bank Plc . At that time, NMB Bank was ranked as the 3rd most profitable bank in the East African Community , having risen from 10th position in 2018. In 2023 its cost to income ratio
600-620: The electoral vote, 10 nominated by the president, five members chosen by the Zanzibar House of Representatives, and the Attorney General as an ex officio member — all members serving five-year terms. In addition to enacting laws that apply to the entire United Republic of Tanzania, the Assembly enacts laws that apply only to the mainland. Zanzibar has its own House of Representatives to make laws especially for Zanzibar (the Zanzibar House of Representatives has 70 seats, directly elected by universal suffrage to serve five-year terms). Misplaced Pages has
630-548: The event a serving president dies or is incapacitated and the Vice President serves three-fourths of the current term, they cannot run for a second term. The president appoints a prime minister who serves as the government's leader in the National Assembly. The president selects his cabinet from among National Assembly members. The Constitution also empowers him to nominate 10 non-elected members of Parliament, who also are eligible to become cabinet members. The President
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#1733085654771660-458: The first-ever multiparty elections in Tanzanian history. In October 2000, Tanzania held its second multi-party general elections. The ruling CCM party’s candidate, Benjamin W. Mkapa , defeated his three main rivals, winning the presidential election with 71% of the vote. In the parliamentary elections, CCM won 202 of the 232 elected seats. In the Zanzibar presidential election, Abeid Amani Karume ,
690-504: The mid-1980s, Tanzania was a one-party state , with a socialist model of economic development . Beginning in the mid-1980s, under the administration of President Ali Hassan Mwinyi , Tanzania undertook a number of political and economic reforms. In January and February 1992, the government decided to adopt multiparty democracy. Legal and constitutional changes led to the registration of 11 political parties. Two parliamentary by-elections in early 1994, both won by Chama Cha Mapinduzi (CCM), were
720-510: The president. In May 2002, the government increased the number of special seats allocated to women from 10 to 15, which will increase the number of House of Representatives members to 81. Ostensibly, Zanzibar's House of Representatives can make laws for Zanzibar without the approval of the union government as long as it does not involve union-designated matters. The terms of office for Zanzibar's president and House of Representatives also are 5 years. The semiautonomous relationship between Zanzibar and
750-441: The previous Assembly elected in 2000. Laws passed by the National Assembly are valid for Zanzibar only in specifically designated union matters. Zanzibar's House of Representatives has jurisdiction over all non-union matters. There are currently 76 members in the House of Representatives in Zanzibar, including 50 elected by the people, 10 appointed by the president of Zanzibar, 5 exofficio members, and an attorney general appointed by
780-486: The reconciliation agreement, to be free, fair, and peaceful. President Mkapa, Vice President Ali Mohamed Shein , Prime Minister Frederick Sumaye , and National Assembly members will serve until the next general elections in 2005. Similarly, Zanzibar President Karume and members of the Zanzibar House of Representatives also will complete their terms of office in 2005. As of 2010 , Tanzania was ranked Partly Free by Freedom House . The 2011 Democracy Index marked Tanzania as
810-591: The sole owner of NMB until then, divested 49 percent shareholding to Rabobank of the Netherlands . Over the years since that time, further divestiture by the Tanzanian Government and subsequent listing of the bank's stock has led to a diversified ownership structure, as outlined under "Ownership". In 2008, the Government of Tanzania off-loaded another 21 percent shareholding in an initial public offering (IPO) at
840-449: The son of former President Abeid Karume, defeated CUF candidate Seif Shariff Hamad . The election was marred by irregularities, and subsequent political violence claimed at least 23 lives in January 2001, mostly on Pemba island , where police used tear gas and bullets against demonstrators. Hundreds were injured, and state forces were reported to have attacked boats of refugees fleeing to Kenya . Also, 16 CUF members were expelled from
870-774: The union is a relatively unique system of government. Tanzania has a five-level judiciary, which comprises the jurisdictions of tribal, Islamic, and British common law . In mainland Tanzania, appeal is from the Primary Courts through the District Courts and Resident Magistrate Courts, to the High Courts , ending in the federal Court of Appeal. The Zanzibar court system parallels the legal system of Mainland Tanzania, and all cases tried in Zanzibari courts, except for those involving constitutional issues and Islamic law, can be appealed to
900-451: Was 38 percent. Following the break-up of the old National Bank of Commerce in 1997, by act of Parliament, three new entities were created: (a) NBC Holdings Limited (b) National Bank of Tanzania (1997) and (c) National Microfinance Bank (NMB). Initially NMB could only offer savings accounts, with limited lending capabilities. In 2005, NMB Bank was privatized and the Government of Tanzania ,
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