The Latest

Stanbic Bank Tanzania Awarded Best Custodian Bank by DSE

October 6, 2016
1 minute read
dse stanbic Tanzania award

The Dar es Salaam Stock Exchange (DSE) has awarded Stanbic Bank Tanzania “Best Custodian Bank” in the country.

The announcement was made during the DSE Members’ Awards Winners ceremony held for the first time in Dar es Salaam on September 30th 2016.

Through this initiative the DSE recognizes and awards its members for good corporate governance, investor protection, sustainable growth of their businesses, engagement with investors and the public, as well as good fundamental performance and corporate social responsibilities.

Tanzania Investment Guide 2026 Free Edition

Stanbic Bank Tanzania is a full service commercial bank which specializes in providing facilities and services to public and private sector corporations, diplomatic missions and international organizations.

Ken Cockerill, CEO at Stanbic Bank Tanzania, said in a recent interview with TanzaniaInvest: “Our focus [in Tanzania] is on all the key growth sectors: agriculture, telecommunications, oil and gas, power and infrastructure, fast-moving consumer goods etcetera. […]We see Tanzania as an important growth opportunity.”

Stanbic Bank Tanzania is a member of the Standard Bank Group (JSE:SBK) of South Africa, the largest African bank by assets, operating in 20 countries across Africa.

Want to know more about Capital Markets in Tanzania? Our upcoming Capital Markets Guide covers the Dar es Salaam Stock Exchange (DSE), listed companies, bonds, and private equity, plus the regulatory framework for investing in Tanzania’s capital markets.

Learn More

Want to know more about Banking in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Banking, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Bank of Tanzania IFC Agreement SME credit access
Read More

IFC and BOT Sign Agreement to Expand SME Credit Access

The International Finance Corporation (IFC) and the Bank of Tanzania (BOT) will strengthen credit reporting and expand access to finance for SMEs, including women-owned and youth-led businesses. IFC will provide technical expertise to strengthen credit information systems and explore using alternative data in credit assessments.
Tanzania Khamis Mussa Omar Parliament bunge
Read More

Tanzania Tables Bill to Let Banks Accept Movable Assets as Loan Collateral, Targets 50% Credit-to-GDP by 2030

Tanzania's Minister for Finance, Ambassador Khamis Mussa Omar, tabled a Bill in the National Assembly in Dodoma that would let banks accept movable assets as loan collateral, creating a legal framework for registering, managing and enforcing such security interests instead of relying predominantly on land and buildings. The Bill targets an increase in private sector credit-to-GDP from 22.5% in 2024 to 50% by 2030, banking service usage from 22% in 2023 to 50% by 2030, and the financial sector's contribution to economic activity from 17.1% in 2024 to 20% by 2030.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free