Why Stanbic is betting big on Tanzania’s next growth phase

Stanbic Bank Chief Executive Manzi Rwegasira (left) discusses the bank’s role in financing Tanzania’s infrastructure and SME sectors with MCL Executive Editor Mpoki Thomson in Dar es Salaam.  PHOTO | MICHAEL MATEMANGA

Stanbic has witnessed a turnaround and scale-up story: You were named the Best Bank in Tanzania for 2025. What has been key in this growth journey, and what does this recognition say about the Bank and the market it operates in?

Our story is one of continued improvement, focus, and growth. There is no straight line to success. We had our challenges very early on, but what I am proud of is what we have been able to achieve over time, every year, we have worked hard to get better.