Tanzania to Sell Stake in National Microfinance Bank

The Dar es Salaam stock exchange will soon gain another member. The Tanzanian government has announced its intention to sell a 21% stake in the National Microfinance Bank (NMB), one of the country's largest financial institutions.

NMB operates 115 branches throughout Tanzania and is the government's bank of choice.

Rabobank Nederland already holds 34.9% of the company's shares.