1:10 Share Split Approved for NMB Bank

TLDR

• The Capital Markets and Securities Authority approved a 1:10 share split for NMB Bank ordinary shares on July 24, with the official announcement issued on July 27.
• Under the corporate action, each existing share will be subdivided into ten ordinary shares, increasing the bank’s listed shares from 500 million to five billion.
• The decline was accompanied by a 47.95 per cent fall in the volume of shares traded, from 15.88 million shares to 8.27 million shares.
• Through the Foreign Exchange (Amendment) Regulations, 2026, the Bank of Tanzania has officially opened the government securities market to non-resident investors worldwide.
• On August 5, the Bank of Tanzania offered 289.93bn/- through the reopening of a 25-year treasury bond carrying a 13.25 per cent annual coupon.