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NMB Bank and Reliance Insurance Compensation of Sh1.072 Billion for Lumumba Traders

Latest Tanzania business news · NMB Bank and Reliance Insurance Compensation of Sh1.072… explained · 2026 updates · updated Aug 21, 2026 · business news · companies · investment

MI

TLDR

  • Nine traders from Lumumba Street in Mwanza have received compensation of Sh1.072 billion from NMB Bank in collaboration with Reliance Insurance following a fire that destroyed their shops and properties on July 3, 2026.
  • NMB Bank's Claims Manager, Madoro Max, stated that experts were sent to assess the damage after the fire was reported.
  • The assessment confirmed claims amounting to Sh1,072,554,090 for the nine insured traders.
  • Mwanza Regional Commissioner, Said Mtanda, urged traders to protect their businesses and properties through insurance.
  • NMB's Lake Zone Manager, Faraja Ng’ingo, mentioned that the payments will help the victims restore their businesses and sources of income.

Latest news excerpts & sources: NMB Bank and Reliance Insurance Compensation of Sh1.072…

michuzi.co.tzRead more

Wafanyabiashara Tisa wa Mtaa wa Lumumba jijini Mwanza wamepata nafasi ya kujenga upya biashara zao baada ya NMB Bank, kwa kushirikiana na Reliance Insurance, kuwalipa fidia ya Sh1.072 bilioni kufuatia moto ulioteketeza maduka na mali zao Julai 3, 2026.

ippmedia.co.tzRead more

Wafanyabiashara tisa wa Mtaa wa Lumumba jijini Mwanza wamepata nafasi ya kujenga upya biashara zao baada ya NMB Bank, kwa kushirikiana na Reliance Insurance, kuwalipa fidia ya Sh1.072 bilioni kufuatia moto ulioteketeza maduka na mali zao Julai 3, 2026.

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