Stanbic Bank Introduce Uhuru Banking with Zero Management Fee

Stanbic Bank Tanzania has launched Uhuru Banking, a new, digitized and simplified way of banking for the Tanzanian market.

The name “Uhuru” reflects the unique offering which provides customers an account with no monthly management fees, a gold visa debit card that can be used globally and more freedom to transact through its self-service channels on mobile devices.

Following feedback from its customers, the bank has enhanced its Personal Banking offer that previously segmented accounts as Silver, Gold, and Blue.

The new offer streamlines the accounts into Uhuru Banking and empowers the customer with the freedom and flexibility over their transactions on digital platforms.

“Uhuru banking is a response to feedback we received from our customers on our products and services. Our customers are at the heart of everything we do at Stanbic and we are committed to empowering their financial success, said Brian Ndadzungira, Head of Personal and Business Banking.

Tanzania’s young and vibrant population demands products that fit their lifestyle; customers can have tailor-made financial services with Uhuru banking. “This proposition aims to make progress real for Tanzanians helping them to move forward with their financial goals,” Brian added.

Stanbic Tanzania

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.

The bank received accolades at the Banker Africa awards for being Tanzania’s ‘Best SME Bank,’ further demonstrating Stanbic’s commitment to making progress real for businesses thus driving inclusive economic growth in Tanzania.