Stanbic Bank Tanzania sponsored the 7th edition of the Chinese Constructors Association (Tanzania) basketball tournament, to build and maintain relations with clients in the Chinese community.
Speaking shortly after the final match held in Dar es Salaam on Sunday 21st January 2018, Stanbic Bank Executive Director and Head of Corporate and Investment Banking, Thomas Bisonga said: “As a strategic trade partner for the Chinese businesses in Tanzania and across the African continent, we decided to sponsor the week-long tournament in a move to create more avenues for the bank and its clients from the Chinese community to meet, network and establish sustainable relationships.”
Bisonga said Stanbic Bank aims at creating a long-term relationship with the Chinese community that goes beyond banking, reminding that Stanbic Bank has been a part of the Chinese Community through its long-standing relationship with the world’s biggest lender, Industrial and Commercial Bank of China (ICBC) that spans a decade.
“We are a valued partner to our clients in realizing their opportunities and managing their risks. We connect our Chinese clients to opportunities across Africa and beyond through our proven experience in emerging markets, local insight and our on-the-ground presence in 20 countries in Africa”, he added.
China Civil Engineering Construction Corporation (CCECC) Tanzania’s basketball team defended the tournament’s trophy by beating China Geology Corporation (CGC) 63-42 in the final that attracted spectators from various parts of the city.
Chinese Embassy Chief Economic and Commercial Representative, Counsellor Lin Zhiyong congratulated the winning team and thanked organizers and Stanbic Bank Tanzania for sponsoring the annual event.
Stanbic Bank Tanzania is part of the Standard Bank Group, Africa’s largest bank by assets. The group has been operating in Tanzania under the Stanbic Bank brand since 1995 focusing on all the key growth sectors in Tanzania, including agriculture, telecommunications, oil and gas, power and infrastructure and fast-moving consumer goods.t