Stanbic Bank facilitates Sh200bn in Sino–Tanzania trade deals over 5yrs
Head of Business and Commercial Banking at Stanbic Bank, Fredrick Max (right), shakes hands with Prof Kitila Mkumbo, during the launch of the Sourcing and Export Centre organized by Tanzania Investment and Special Economic Zones Authority in Dar es salam. PHOTO | CORESPONDENT
Dar es Salaam. Stanbic Bank Tanzania has facilitated trade transactions worth Sh200 billion between Tanzanian and Chinese businesses over the past five years, reflecting the growing trade and investment ties between the two countries.
The transactions have been handled since 2020 under cooperation between Stanbic Bank Tanzania and its parent company, Standard Bank Group, aimed at strengthening financial links between Africa and China.
