The Managing Director of the National Investment Bank PLC (NIB), Chief Dr. Doliwura Zakaria, has met with the Managing Director of Metro Mass Transit Limited (MMT), Mr. Kale Cesar to renew and strengthen the longstanding partnership between the two institutions. The meeting, held at Metro Mass Transit’s headquarters, aimed to reaffirm NIB’s role not only as a financial service provider but also as a shareholder committed to the recovery and growth of the transport company. Chief Dr. Zakaria welcomed the opportunity to rekindle this strategic relationship, highlighting NIB’s renewed mandate to support key state-owned enterprises such as Metro Mass Transit. He reiterated NIB’s readiness to provide tailored financial services to support the company’s operations, including payroll services, loan facilities, deposits, letters of credit, and reduced-interest credit options designed to benefit the ordinary Ghanaian who relies on public transport. As part of this renewed commitment, NIB will also assign senior relationship managers to ensure dedicated, hands-on support for Metro Mass Transit. The Managing Director of Metro Mass Transit, Mr. Cesar, acknowledged the bank’s critical role as a longstanding strategic partner. He addressed the significant challenges facing the company, particularly the reduction in fleet size from 1,000 buses to just 146, the lack of operational vehicles, and a heavy debt burden. Emphasizing the urgency of support, he assured NIB of Metro Mass Transit’s intention to consolidate all banking transactions with the bank going forward. He highlighted the importance of increased deposits to facilitate smoother business operations, stressing the company’s plan to implement a formal system for regulating cash collections, and announced a move toward a cashless system to improve efficiency. This renewed relationship signals a revitalized effort to restore Ghana’s public transport infrastructure and deepen the synergy between two critical national institutions. NIB and Metro Mass Transit Renew Strategic Partnership to Drive Operational Recovery and Growth The Managing Director of National Investment Bank PLC (NIB), Chief Dr. Doliwura NIB MD Welcomes New Nestlé Ghana MD, Reaffirms Decades-Long Strategic Partnership The National Investment Bank (NIB) has capped 2020 with a spectacular Festival o NIB Crowns 2020 with 9 Lessons, Carols and Thanksgiving Service. In a move aimed at strengthening Ghana’s industrial backbone, the Tema Shipyar Tema Shipyard and NIB Explore Strategic Partnership for Growth
