NMB Bank comes up with plan for local contractors

The NMB Bank chief of Retail Banking, Filbert Mponzi (right), speaks with the Permanent Secretary of ministry of Works, Transport and Communication, Elius Mwakalinga, at a special symposium for contractors organised by the NMB Bank in Mwanza over the weekend. The symposium brought together over 300 local contractors based in the lake zone regions of Mwanza, Mara, Kagera and Geita. PHOTO | THE CITIZEN CORRESPONDENT 

In Summary

The guarantees have given the contractors the financial power to undertake tenders awarded to them

Mwanza. The NMB Bank has issued over 500 bid guarantees, worth billions of shillings to local contractors in a deliberate move to support the growth of local enterprises. The guarantees gave