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| Minister for Agriculture, Daniel Chongolo (left), exchanges greetings with Elias Ngunangwa, Head of Client Coverage, Corporate & Investment Banking at Stanbic Bank Tanzania, during the C-CEOs Forum 2026 at the Arusha International Conference Centre (AICC) in Arusha. Looking on is the bank’s Senior Manager – External Affairs, Communication and Reputation, Dickson Senzi. |
ARUSHA - September 28, 2026: Stanbic Bank Tanzania has said recent reforms in Tanzania’s capital markets are creating new opportunities for public institutions to access long-term financing for national development projects.
The bank made the remarks as the fourth Chairpersons and CEOs Forum opened on Monday, September 28, 2026, at the Arusha International Conference Centre (AICC), bringing together more than 700 board chairpersons and chief executives of public institutions.
The forum is being held under the theme: “High Performing State-Owned Enterprises for a Competitive, Inclusive and Resilient Economy, Advancing Dira 2050.”
Stanbic Bank said Tanzania has taken significant steps this year to deepen and strengthen its financial markets, including opening government securities to foreign investors and introducing a Sovereign Yield Curve to improve transparency in the pricing of long-term investments.
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On August 6, 2026, the Bank of Tanzania announced that Treasury bills and government bonds, which were already available to Tanzanian investors, had also been opened to foreign investors through approved Central Depository Participants.
The following day, Bank of Tanzania Governor Emmanuel Tutuba launched the Sovereign Yield Curve, providing daily pricing benchmarks for government securities with maturities of up to 25 years. He also announced the full liberalisation of Tanzania’s capital account.
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The Government has further indicated plans for public institutions to list on the Dar es Salaam Stock Exchange (DSE), creating an opportunity for Tanzanians to own shares in institutions that provide essential services.
According to Stanbic Bank, the reforms come against the backdrop of significant growth in public investment. Government investment in public institutions increased from approximately TZS 67.7 trillion in 2020/21 to TZS 92.3 trillion in 2024/25.
The bank said reforms led by the Office of the Treasury Registrar have also strengthened accountability, efficiency and returns on public investment.
For public institutions, Stanbic said, a deeper capital market provides additional avenues for raising long-term funding.
The Sovereign Yield Curve, for example, provides issuers with a transparent benchmark for pricing long-term bonds, while the participation of regional and international investors expands the pool of capital available alongside Tanzanian pension funds, insurance companies, banks and individual investors.
“Dira 2050 sets out a clear ambition for Tanzania to become an upper middle income country with a one trillion-dollar economy by 2050. Public institutions are central to that journey, in energy, transport, water, finance and beyond,” said Elias Ngunangwa, Head of Client Coverage, Corporate & Investment Banking at Stanbic Bank Tanzania.
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“Government’s reforms are creating a stronger environment for investment and long-term capital. As financial institutions, our responsibility is to bring our expertise, our networks and our balance sheet alongside that national ambition. We are proud to work with Government in delivering it,” he said.
Ngunangwa added that the reforms are creating a market environment in which strong institutions can attract investment by demonstrating good governance, transparent reporting and well-prepared projects.
“Tanzania now has a market that rewards strong institutions, and many of ours are ready to meet it. Investors look for good governance, clear reporting and well-prepared projects, and Government’s reforms continue to strengthen all three across the public sector,” he said.
“Our role is to help institutions turn those strengths into financing. That means shaping projects, structuring funding and connecting institutions with investors at home, across the region and around the world,” Ngunangwa added.
Stanbic’s role in development finance
Stanbic Bank said it has deployed more than USD 1 billion in development finance in Tanzania over the past five years, supporting projects in infrastructure, energy and trade.
The bank has also been recognised by Euromoney as the Best Investment Bank in Tanzania for six consecutive years, while the Dar es Salaam Stock Exchange has previously recognised it as the best custodian bank.
As a member of Standard Bank Group, Stanbic Bank Tanzania said it is able to connect Tanzanian institutions with capital, expertise and investment opportunities across Africa and international markets.
The bank said it will continue working with the Office of the Treasury Registrar, the Bank of Tanzania, the Capital Markets and Securities Authority (CMSA), the Dar es Salaam Stock Exchange and public institutions to support the next phase of Tanzania’s capital market development.
Stanbic Bank is among the sponsors of the 2026 Chairpersons and CEOs Forum, which will run until Wednesday, September 30, 2026.
About Stanbic Bank Tanzania
Stanbic Bank Tanzania is a provider of financial services offering banking solutions to individuals, businesses and institutions.
The bank is a member of Standard Bank Group, Africa’s largest bank by assets, with operations across 21 countries on the continent. Through the group’s regional and international network, Stanbic Bank Tanzania connects Tanzanian businesses and institutions to opportunities across Africa and global financial markets.
For more information:
Stanbic Bank Tanzania
Website: www.stanbicbank.co.tz
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