STANBIC BANK CEMENTS ITS LEADERSHIP IN FINANCIAL PROTECTION WITH MBEYA INSURANCE DRIVE

Stanbic Bank Tanzania Officer Bancassurance, Naphtal Ntangeki (right) takes a bajaj driver, Benezeti, through the benefits of insurance during the bank's insurance awareness clinic held at Kabwe Stand in Mbeya recently.

Mbeya, Tanzania – Stanbic Bank Tanzania has once again demonstrated its leadership in financial protection, extending its growing nationwide insurance awareness drive to Mbeya in a clear statement of the bank’s commitment to placing insurance at the heart of Tanzania’s financial inclusion agenda.

Held at Kabwe Stand, one of the city’s busiest transport hubs, the activation saw Stanbic take insurance education directly to the public, engaging traders and residents on how insurance protects what they have worked to build.

The drive reinforces Stanbic’s standing as one of the country’s most active financial institutions in the insurance awareness space, building on a deliberate strategy to lead the national conversation on risk management and to make financial protection more accessible and better understood.

Speaking during the activation, Naphtal Ntangeki, Officer Bancassurance, Stanbic Bank Tanzania, said the bank is intent on setting the pace in how insurance is understood and adopted across the country.

“At Stanbic, we see it as our responsibility to lead this conversation and to bring it to communities ourselves. We are not waiting for people to come to us, we are taking insurance education to where Tanzanians live and work, because we believe protection should be within everyone’s reach,” he said.

He said the Mbeya activation is part of a deliberate, growing campaign the bank is driving nationwide, following earlier engagements in Tanga and Mwanza.

“This is a movement we are proud to be building. From Tanga to Mwanza and now Mbeya, Stanbic is consistently showing up for communities, and we intend to keep expanding this footprint until insurance becomes a normal part of how Tanzanians plan and protect their future,” said Mr. Ntangeki.

He added that Stanbic delivered the outreach alongside its insurance partners; Britam Insurance Tanzania Limited, Heritage Insurance Company Tanzania Limited, Alliance Insurance Corporation Limited and Sanlam Allianz General Insurance Tanzania Limited bringing together strong industry players under the bank’s leadership to give the public trusted, practical guidance on financial protection.

For many attendees, the activation offered a rare chance to ask direct questions and understand, in practical terms, how insurance works and why it matters.

Benezeti, a bajaj driver who attended the activation, said the session changed the way he thinks about protecting himself and his income. 

“As a bajaj driver, I am on the road every day, and anything can happen. Before today, I thought insurance was something complicated and far from people like me. Now I understand that it is exactly people like me who depend on this work to feed our families who need it most,” he said.

He praised the bank for taking the initiative directly to the people. 

“I did not have to go anywhere or pay anything to learn this. Stanbic came to us, sat with us and explained everything clearly. That is something I respect, and I will tell other drivers about it,” he said.

The Mbeya activation reflects the kind of proactive, community-facing approach that has increasingly set Stanbic apart, as the bank moves beyond product visibility to position itself as a driving force in public education around financial security.

With insurance uptake in Tanzania still low relative to the risks many households and businesses face, Stanbic’s sustained awareness drive places the bank firmly at the forefront of efforts to close that gap through trust, education and accessibility.

For Stanbic, the Mbeya outreach is a further marker of its ambition to lead the next phase of financial inclusion in Tanzania, not only by widening access to financial services, but by championing the protection that helps individuals, families and businesses safeguard their progress.