Dar es Salaam, Tanzania – 16 April 2026: Ecobank Tanzania has reaffirmed its commitment to supporting national development priorities following a high-level visit by a delegation from Ecobank Group, led by Group Executive for Corporate and Investment Banking, Michael Larbie.
The visit, which forms part of ongoing efforts to strengthen collaboration across Ecobank’s pan-African network, provided a strategic platform to showcase the bank’s growing footprint and impact within Tanzania’s economy.
Driving National Development Through Strategic Engagement
During the visit, Ecobank Tanzania highlighted its active role in supporting key Government initiatives aimed at accelerating economic growth, improving infrastructure, and enhancing financial systems.
Managing Director, Dr. Charles Asiedu emphasized that the bank’s involvement reflects a long-term commitment to sustainable development.
“These engagements demonstrate the bank’s commitment to driving sustainable development, fostering financial inclusion, and facilitating trade and investment across critical sectors of the economy,” he noted.
Ecobank’s contributions span several strategic national projects, including:
- Participation in the Standard Gauge Railway (SGR) Project (Lots 1 & 2), a flagship transport infrastructure initiative
- A syndicated financing facility for the Ministry of Finance to support fiscal stability and public investment
- Facilitation of collections for the Tanzania Ports Authority, strengthening revenue mobilization
- Financing of a modern football stadium in Fumba, Zanzibar, ahead of AFCON 2027
- Ongoing support for government revenue collection through secure digital banking platforms
Strengthening Zanzibar Collaboration and Investment Dialogue
A key highlight of the visit was a high-level meeting with the President of Zanzibar and Chairman of the Revolutionary Council, Dr. Hussein Ali Mwinyi.
Discussions focused on expanding collaboration in priority sectors such as trade, investment, road infrastructure, and the blue economy—areas considered critical to Zanzibar’s long-term economic transformation.
President Mwinyi commended Ecobank for its continued partnership with the Revolutionary Government of Zanzibar and reaffirmed the importance of sustained collaboration. He also underscored emerging investment opportunities, particularly in ports, infrastructure development, and maritime-based economic activities.
Supporting AFCON 2027 Infrastructure Development
The delegation also visited the offices of Turkish Contractor, Orkun Group to assess progress on a major stadium project in Zanzibar.
The project, part of preparations for AFCON 2027, aims to deliver world-class sports infrastructure aligned with international standards. Ecobank Tanzania is playing a key financing role in the development.
During the visit, the team observed significant progress across multiple phases of implementation, alongside strong execution standards and timelines.
Ecobank noted that its involvement reflects a broader commitment to supporting transformative infrastructure projects that drive economic growth, create jobs, and enhance Tanzania’s global competitiveness.
Investing in People and Client Relationships
Beyond infrastructure and government engagement, the visit also focused on strengthening internal capacity and client relationships.
The Ecobank Group delegation engaged with key customers to better understand evolving business needs, while also conducting training sessions for staff. These sessions were designed to enhance skills, share best practices, and reinforce service excellence across the organization.
A Strategic Partner in Tanzania’s Economic Transformation
With operations spanning over 30 African countries and beyond, Ecobank continues to leverage its pan-African network to facilitate trade, investment, and financial integration across the continent.
In Tanzania, the bank’s growing involvement in national development initiatives positions it as a strategic partner in the country’s economic transformation—supporting both public and private sector growth.
As Tanzania continues to invest in infrastructure, expand trade, and unlock new sectors such as the blue economy, Ecobank Tanzania’s role is expected to remain pivotal in mobilizing capital and delivering innovative financial solutions.
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