Stanbic Bank: Tanzania’s undisputed leader in syndicated financing
The Minister of State, President Office Finance and Planning of Zanzibar, Dr Saada Mkuya (centre) displaying the signed agreement between Stanbic Bank Tanzania (SBT) and the People’s Bank of Zanzibar (PBZ Bank) forming a strategic partnership as Co-Mandated Lead Arrangers to facilitate a local syndicated loan to support funding the socio-economic development agenda of the Revolutionary Government of Zanzibar (SMZ). She is flanked with Manzi Rwegasira, Chief Executive of Stanbic Bank (third right); his counterpart from PBZ, Arafat Haji (second left) and other dignitaries.
Stanbic’s first direct financing in the isles will support Zanzibar’s socio-economic development agenda, with a strong emphasis on advancing its blue economy blueprint - a strategic initiative aimed at leveraging marine resources for sustainable economic growth.
