STANBIC BANK TANZANIA REAFFIRMS COMMITMENT TO UNLOCKING INVESTMENT OPPORTUNITIES FOR LOCALS

Prime Minister, Hon. Kassim Majaliwa handing over a certificate of recognition for Stanbic Bank's Sponsorship of the 6th Annual Economic Empowerment Forum organised by NEEC to the bank's Head of Incubator, Kai Mollel.

Stanbic Bank employees at the 6th Annual Economic Empowerment Forum organized by NEEC in Dodoma recently.

Stanbic Bank's Head of Incubator, Kai Mollel speaking during the recently concluded 6th Annual Economic Empowerment Forum organised by NEEC where she reaffirmed the bank's commitment to supporting small and medium-sized entrepreneurs.

Dar es Salaam, 21 September 2022 - Stanbic Bank Tanzania has reaffirmed its commitment to supporting small and medium-sized entrepreneurs by providing tailored solutions that will meet their needs and address the challenges that they are currently facing in unlocking investment opportunities in the country and beyond. The commitment was made by Kai Mollel, Stanbic Bank Head of incubator, during the 6th Annual Economic Empowerment Forum themed: “Empowerment of Tanzanians in Investments'', which took place on the 19th of September, 2022 at the LAPF Conference Hall in Dodoma, for which the bank was the main sponsor.

The one-day forum was graced by the Prime Minister of the United Republic of Tanzania, Hon. Kassim Majaliwa, who applauded the main sponsors for supporting NEEC, saying their contribution is valued by the government considering that it is in a mission of creating a conducive environment for Tanzanians to participate in investment activities.

Mollel reaffirmed that the bank will work hand-in-hand with the government in supporting SMEs growth. “We would like to assure the government, businessmen, entrepreneurs and all development stakeholders that we as a bank will continue to cooperate with you in driving our country's development.” Mollel Said

She further applauded NEEC for preparing the forum noting that the bank was excited to be part of conversations that will spur local contribution to investment initiatives (Local content).

“Our bank is a leader in investment banking. This year, we have been awarded the Best Investment Bank and the EuroMoney Market Leaders for SMEs 2022 by EuroMoney. This is because we have continued to provide various services that enable Tanzanians to participate and benefit from investment initiatives in the country.” Mollel explained

Stanbic Bank is on a journey of empowering SMEs and has recently entered into a partnership with the NEEC to implement a Supplier Development Program where SMEs will be trained and provided with tools to enable them to utilise the country's investment opportunities and increase their regional and global competitiveness.

The bank is taking great strides to promote investment in the country. The sponsorship of this forum is just one of the ways the bank is playing a role in enabling investment, offering the nation a new outlet to mobilise resources and opportunities for economic development.