STANBIC ADVOCATES ENERGY INVESTMENT & REGIONAL INTEGRATION AT EA-ECS 2025

Stanbic Bank Tanzania Vice President for Energy & Infrastructure, Mr. Joe Mwakanjuki (center), shares his insights during a panel discussion on the topic “Enhancing Energy Systems – Integrating Natural Gas into the Grid” at the East Africa Energy Cooperation Summit in Arusha yesterday. The summit brought together key stakeholders to discuss regional energy collaboration, was primarily sponsored by Stanbic. Looking on from the left are Clarke Energy Deputy General Manager, Mr. Tarak Jani, and Taqa Arabia Vice President for Africa & New Ventures, Mr. Adly Kafafy.

Stanbic Bank Tanzania Senior Vice President, Public Sector, Noella Kimaro (third left), with other participants, attend the East Africa Energy Cooperation Summit in Arusha yesterday, which was primarily sponsored by Stanbic Bank Tanzania.

• Stanbic Bank Tanzania underscores its dedication to driving energy investment and infrastructure financing at the 5th EA-ECSEast Africa Energy Cooperation Summit (EA-ECS)2025 in Arusha

• The summit serves as a platform to accelerate regional collaboration and energy integration, focusing on expanding access, leveraging renewable resources, and enhancing industrialization

• Stanbic Bank continues to play a key role in supporting Tanzania’s energy sector, providing financial solutions that promote sustainable growth and economic resilience

Thursday, 30th January 2025 - Arusha: As East Africa moves toward a new era of energy transformation, Tanzania is taking a leading role in shaping the future of the region’s energy sector. At the 5th East Africa Energy Cooperation Summit (EA-ECS) 2025, Stanbic Bank Tanzania has reaffirmed its commitment to enabling investment, financing critical infrastructure, and supporting industrialization as key drivers of economic progress.

With the theme “Empowering East Africa: Unlocking Tanzania’s Energy Potential for a Regional Power Market,” EA-ECS 2025 brings together government leaders, investors, and energy experts to discuss solutions for expanding energy access, integrating sustainable power sources, and strengthening regional energy cooperation. As Tanzania positions itself as an energy hub within the East African Community (EAC), investment in energy security, infrastructure, and innovative financing models will be critical to unlocking the sector’s full potential.

Stanbic Bank Tanzania recognizes the role of strategic financing in transforming the energy landscape. By leveraging expertise from Standard Bank Group, the bank has played a key role in structuring financial solutions that de-risk investments, facilitate partnerships, and accelerate the development of large-scale infrastructure projects. The bank has contributed to major energy initiatives, including conducting the Tanzania LNG: Macroeconomic Study. Beyond Tanzania, Standard Bank Group has supported transformative energy investments across the continent, including financing the Seriti Green Wind Project in South Africa, expanding renewable energy solutions through CrossBoundary Energy, and refinancing Kenya’s Lake Turkana Wind Power Project, Africa’s largest wind farm.

Speaking at EA-ECS 2025, Joe Mwakanjuki, Vice President, Energy & Infrastructure, Stanbic Bank Tanzania, emphasized the importance of targeted investments in energy infrastructure to drive sustainable development. “The energy sector is the backbone of Tanzania’s industrialization and economic growth. At Stanbic Bank, we recognize that financing is a key enabler of this transformation. Our focus is to provide innovative financial solutions that attract investment, expand energy access, and support sustainable economic development,” he said.

Stanbic Bank’s engagement at EA-ECS 2025 highlights its broader mission to power Tanzania’s growth by working alongside government institutions, private sector players, and development partners to address energy challenges, unlock investment opportunities, and strengthen Tanzania’s position as a key player in the regional energy market.

As EA-ECS 2025 continues to shape the future of East Africa’s energy sector, Stanbic Bank remains committed to playing a catalytic role in ensuring that Tanzania’s vision of becoming a regional energy powerhouse is realized. Through strategic partnerships, innovative financing, and a long-term commitment to sustainability, the bank aims to drive the energy transition and support economic prosperity across the region.

For more information, please contact:

Name: Dickson Senzi
Title: Senior Manager; External Affairs, Communication and Reputation
Email: Dickson.Senzi@stanbic.co.tz

About Stanbic Bank Tanzania

Stanbic Bank Tanzania is a leading provider of financial services, offering a wide range of banking solutions to individuals, businesses, and institutions. With a focus on sustainable investment and strategic partnerships, the bank plays a key role in supporting Tanzania’s economic development and regional integration.