Stanbic Bank named Best Bank in Tanzania for 2025

The recognition follows a rigorous review process that assessed banking performance across African markets. It marks the eighth time Stanbic has received the honour, reinforcing its position as one of the country’s most consistent and trusted financial institutions.

In a highly competitive market, the award recognises Stanbic’s significant contribution to Tanzania’s critical sectors including energy and infrastructure, alongside continued innovation in support of SMEs.

Up to the period ending June 2025, Stanbic supported Tanzania’s industrialisation agenda by providing over USD 1 Billion (approximately TSh2.5 trillion), in development financing across the energy, logistics and transport sectors. This funding supported critical national infrastructure projects, including port modernisation, power grid expansion and financing along the liquefied natural gas value chain.

The UK-based magazine also recognised Stanbic for continuing to deliver impact to Tanzanians. Through targeted Corporate Social Investment in education, health, the environment and financial literacy, the bank positively impacted more than 2 million people across the country in 2025. The Stanbic Biashara Incubator also delivered strong, measurable impact, reaching close to 5,000 entrepreneurs with practical, market-relevant support that strengthened financial capability, enterprise resilience, clean-energy adoption and regional trade participation.

Stanbic Bank Tanzania Chief Executive Manzi Rwegasira said the recognition reflects both the Bank’s legacy and its future ambition.“As part of the Standard Bank Group, we are honoured to be named Tanzania’s Bank of the Year. This award recognises the impact of our 30-year journey in Tanzania and reaffirms our belief that Africa is our home and that we drive her growth. Over the past year, we have deployed capital into transformative energy, trade and infrastructure projects, expanded financial access through digital solutions and catalysed cross-border investment flows. Looking ahead, we remain committed to turning opportunity into impact across Tanzania and beyond,” he said.

Speaking on the achievement shortly after receiving the award at a ceremony held in London, UK recently, Stanbic Bank Tanzania Head of Brand and Marketing, Neemarose Singo, said the award reflects the dedication of the Bank’s staff and the trust placed in the bank by its clients.

“The Best Bank Award is a strong acknowledgement of the work our teams have delivered across the country. It recognises our discipline, our innovation and our focus on helping businesses, families and communities grow. We are proud of this milestone and grateful to our clients who continue to choose Stanbic as their partner,” she said.

Ms Singo noted that 2025 had been a defining year for the Bank, marked by new branch openings, wider adoption of digital tools, strong capital market activity and continued support for national development priorities.

“This award captures the story of a Bank that continues to invest in Tanzania and deliver real value to its customers. Our progress over the past year is the result of teamwork and a shared commitment to national growth,” she added.

During the year, Stanbic continued to expand its branch network, enhance digital services and support enterprise growth through solutions such as distributor finance, supply chain support and tailored lending for SMEs and corporates. The Bank also strengthened its community partnerships through programmes focused on skills development, women’s economic empowerment and youth entrepreneurship.

The recognition marks another milestone in Stanbic’s 30-year journey in Tanzania and sets the stage for the Bank’s priorities in 2026, including further expansion, deeper client engagement and continued investment in digital capability and sustainable finance.