STANBIC BANK LAUNCHES “STANBIC MADAWATI INITIATIVE” TO DRIVE QUALITY EDUCATION FOR ALL

Minister of Education, Science, and Technology Prof. Joyce Ndalichako (centre), Stanbic Head of High Networth Clients, Omari Mtiga (right) and Desideria Mwegelo, Head of Marketing and Communications (left) during the official launch of the bank's campaign "Stanbic Madawati Initiative".

02 July 2021, Dar-es-Salaam - Stanbic Bank Tanzania has officially launched a campaign to donate 1,000 desks across different primary and secondary schools in the country. The campaign dubbed STANBIC MADAWATI INITIATIVE with the theme “Pamoja Elimu Bora Inawezekana” calls upon stakeholders in different sectors to join the bank in creating a conducive learning environment for students by addressing the desk shortage facing schools.

The event was held at Serena Hotel and attended by Minister of Education, Science, and Technology Prof. Joyce Ndalichako.

Through the STANBIC MADAWATI INITIATIVE, the bank has pledged to plant a tree for every desk that will be donated either by Stanbic or partners to ensure the ecosystem is maintained. The tree planting exercise will be done in partnership with Roots and Shoots Tanzania.

Speaking at the event, the Minister of Education, Science, and Technology, Hon. Joyce Ndalichako said the government was very pleased to see the solidarity between the private sector and the government in bringing about inclusive development in the community. She also commended Stanbic Bank for its efforts to support the government's agenda to provide quality education to all Tanzanians. Stakeholders from the private sector make a significant contribution to the economic and social development of the nation. “I would like to congratulate Stanbic Bank for this campaign of its kind. I urge other stakeholders to join this initiative to ensure that we provide quality education as it is the key to future development. ”

On the other hand, Stanbic Head of High Networth Clients, Omari Mtiga said that “we believe all dreams are possible if we work together. We will be donating 700 desks towards the goal and we are calling on well-wishers to support us in raising the balance of 300 desks through Account number TZS 9120002466692-STANBIC MADAWATI INITIATIVE. Together, we can make our children's dreams come true while creating a sustainable environment for their future.”

Stanbic Bank Tanzania’s corporate social investment efforts focus on education and health. The bank has over the years invested in education by building classrooms, donating desks, and repairing school infrastructure such as toilets to improve sanitation in various schools around the country. This unique campaign will be a milestone towards addressing the desk shortage in Tanzania.

“The Private sector has a huge opportunity to leverage their CSI by investing in tailored projects that have a long-term impact on the community. Realizing a transformed Tanzania cannot be done alone, all of us need to come together. I hope that this initiative will encourage all of us to create meaningful change in the lives of the communities surrounding us.” Said Desideria Mwegelo Head of Marketing and Communication.

About Stanbic Bank Tanzania

Stanbic Bank Tanzania is part of the Standard Bank Group, Africa’s largest bank by assets.

Stanbic Bank Tanzania provides the full spectrum of financial services. It’s Corporate & Investment Banking (CIB) division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to investment banking; global markets; and global transactional products and services.

Standard Bank’s corporate and investment banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.

Stanbic Bank Tanzania’s Personal and Business Banking unit (PBB) offers banking and other financial services to individuals and small-to-medium enterprises. PBB serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.

For further information, go to www.stanbicbank.co.tz

Or please contact:

Desideria Mwegelo
Head of Brand and Marketing
mwegelod@stanbic.com
Tel +255 (0) 22 219 6343