STANBIC BANK TANZANIA HANDS OVER TZS 50M/- SCHOOL PROJECT IN MTWARA

Mtwara Regional Commissioner, Halima Dendego (right) and Stanbic Bank Tanzania Chief Executive Officer KenCockerill (left) draw curtains to signify the handover of the bank’s TZS 50m/- project to Magomeni Primary School in the region over the weekend. Second left is Mtwara District Commissioner, Khatib Kazungu. The Bank’s support included the reconstruction of two class rooms and the headmaster’s office, electricity connection to the school, handover of desks and provision of uniforms to the school pupils.

Mtwara Regional Commissioner, Halima Dendego (right) and Stanbic Bank Tanzania Chief Executive Officer KenCockerill, draw curtains to signify the handover of the bank’s TZS 50m/- project to Magomeni Primary School in the region over the weekend. The Bank’s support included the reconstruction of two class rooms and the headmaster’s office, electricity connection to the school, handover of desks and provision of uniforms to the school pupils.

Mtwara Regional Commissioner, Halima Dendego (right) hands over a plaque to Stanbic Bank Tanzania Chief Executive Officer Ken Cockerill, in recognition of the bank’s TZS 50m/- project to Magomeni Primary School in the region over the weekend. The Bank’s support included the reconstruction of two class rooms and the headmaster’s office, electricity connection to the school, handover of desks and provision of uniforms to the school pupils. Witnessing is the bank’s Head of Marketing and Corporate Affairs, Desideria Mwegelo.

Stanbic Bank Tanzania Chief Executive Officer Ken Cockerill delivers a speech during an event to handover the bank’s TZS 50m/- project to Magomeni Primary School in Mtwara over the weekend. The Bank’s support included the reconstruction of two class rooms and the headmaster’s office, electricity connection to the school, handover of desks and provision of uniforms to the school pupils.

Stanbic Bank Tanzania has handed over a multi-million project to Magomeni Primary School in Mtwara Region, being part of the firm’s efforts towards educational development in the country.

The Bank’s support amounting to TZS 50 million included the reconstruction of two class rooms and the headmaster’s office, electricity connection to the school, handover of desks and provision of uniforms to the school pupils. Part of the amount came from personal donations by the bank’s staff.

Speaking during the handover ceremony held at the school premises over the weekend, Stanbic Bank Tanzania Chief Executive Officer Ken Cockerill, explained that the heartfelt donation was part of the bank’s corporate social responsibility (CSR) initiative tailored towards community development in the country, with a renewed focus on education.

”This project will benefit more than 700 students. It resulted from a call for assistance following catastrophic floods that ravaged through the Mtwara area last year, in which the school was partially destroyed. Although we were originally asked to provide foodstuff following the floods, we felt we could do something more that would have a lasting effect,” the Chief Executive said.

He reiterated Stanbic Bank’s belief in sustainable corporate social responsibility projects especially in education.

“We at Stanbic Bank believe that educating and empowering our children today will create a strong foundation for a better tomorrow. Education is the best means to develop our greatest abilities,” he said.

Speaking at the event, Mtwara Regional Commissioner, Halima Dendego, thanked the bank for its support, noting that it would go a long way in ensuring access to quality education for children in the area. ‘Today’s gesture by Stanbic Bank complements the efforts of the government in providing necessary tools to enhance learning in schools,” she said.

The school’s head teacher, Rashid Kajonjo who was virtually thrilled, said the donation came at the right time and would help solve some of the biggest problems at the school.

“Before this project came along, we had inadequate class rooms and facilities to accommodate 764 students at the school. Students were studying under trees located in the school compound, this meant that lessons had to be cancelled during rainy seasons. We thank the bank’s management for their support and I call upon other institutions to emulate this noble gesture,” he said.

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 and Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate and Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.

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