NMB Bank PLC handed over a cheque worth 60m/= to the leadership of Mbeya Region to at the weekend to support this year’s Agricultural Exhibition, popularly known as Nane Nane, scheduled to celebrated nationally at the John Mwakangale grounds in Mbeya today.
The dummy cheque was handed over yesterday to the Mbeya District Commissioner, Dr. Rashid Chuachua by NMB Bank Manager for the Southern Highlands Region, Straton Chilongola
Dr. Chuachua received the cheque on behalf of the Mbeya Regional Commissioner, Juma Homera.
Speaking during the handover ceremony, Chilongola said the bank’s support for nane nane exhibition reiterates the bank’s commitment to stimulate development of agricultural sector in the country.
“NMB bank believes that, agricultural exhibitions involve many economic activities that stimulate the development of the people. We are today handing over 60m/= to help the Mbeya regional administration to achieve that goal,” said Chilongola.
He said the bank has undertaken various initiatives to support development of the agricultural sector adding that sponsoring the exhibition is part of the strategy to continue supporting farmers.
Chilongola said that has donated over 195m/= to support Nane Nane exhibitions across the country in the past five years adding that the bank has also been providing financial support to enhance development of the agricultural sector.
He said the bank has also established a special agricultural insurance as part of its commitment to help farmers to mitigate risks.
Receiving the cheque, the Mbeya District Commissioner, Dr. Chuachua thanked the management of the NMB Bank for the sponsorship adding that the funds donated by the bank will help in improving the exhibition.
He asked farmers from different parts of the country to participate in the exhibition so that they can learn various farming methods that will be provided by experts to increase productivity.
The exhibition was officially launched by the Vice President, Dr. Philip Mpango today and it will be closed on August 8 by President Samia Suluhu Hassan.
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