STANBIC BANK EMPOWERS MINING SECTOR STAKEHOLDERS IN GEITA

Nyang’hwale District Commissioner, Hon. Grace Kingalame (right), speaks with Stanbic Bank Geita Branch Manager, Hilda Gwimba, during the 8th National Mining Technology Exhibition held at the Samia Suluhu Grounds in Geita Municipality. Stanbic Bank, a key participant in the exhibition, supported the event by providing loans to small-scale miners.

• Offers tailored financial solutions for small- and large-scale miners, including solar energy infrastructure for mining sites

Geita, Tanzania – September 30, 2025: Stanbic Bank Tanzania has reaffirmed its commitment to supporting stakeholders in the country’s mining sector, particularly in Geita Region, through innovative financial solutions that enable sustainable growth, investment, and long-term prosperity.

Speaking during the 8th National Mining Technology Exhibition held at the Samia Suluhu Grounds in Geita, Hilda Gwimba, Stanbic Bank’s Geita Branch Manager, said:

“As we celebrate 30 years of service in Tanzania, Stanbic continues to empower mining stakeholders by offering unsecured loans to both small- and large-scale miners, financing for heavy-duty vehicles, mining equipment, and business support. We also provide solar power solutions to promote sustainable energy use at mining sites.”

 

Gwimba added that the bank looks at the entire value chain — from miners and service providers to gemstone traders — as part of its broader mission under the anniversary theme “Tanzania Mabegani – 30 Years of Growing Together.” She emphasized that by keeping people’s needs at the center of its services, Stanbic remains a trusted partner for household prosperity, community development, and national economic transformation.

On his part, Geita Regional Commissioner Martine Shigella highlighted that geological surveys and digital records from mineral markets have increased financial institutions’ confidence in lending to small-scale miners.

“In the past, a miner with only a license could not secure a loan. Today, miners with geological data and sales records from mineral markets are bankable. These markets maintain monthly and annual gold sales records, giving banks reliable data for credit assessment,” Shigella explained.