The President of Zanzibar and the Chairman of the Revolutionary Council Dr. Hussein Ali Mwinyi has congratulated Stanbinc Bank Tanzania for opening a branch of the bank in Zanzibar as it will increase the number of banks and simplify financial services for citizens.
President Dr. Mwinyi said this when he met the management of Stanbic Bank Tanzania led by the Chairman of the Bank’s Board, Mr. Patrick Rutabantzikwa who arrived at the White House in Zanzibar on November 13, 2024.
President Dr. Mwinyi has informed that the rapid growth of the economy that is going on right now requires the presence and contribution of serious financial institutions.
The Chairman of the Board of the Bank, Mr. Patrick Rutabanzikwa has explained that the progress seen in Zanzibar at the moment and the increase in the needs of banking institutions for the people has motivated Stanbic to open its branch.
Stanbic Bank will build the Branch in Mlandege Business Street and expects to spend an amount of 800 Million Shillings/- to complete the Construction.
