Stanbic Bank reaffirms commitment to energy, infrastructure investment
A section of attendees at the East Africa Energy Cooperation Summit in Arusha. The summit, primarily sponsored by Stanbic Bank Tanzania, brought together key stakeholders to discuss regional energy collaboration. PHOTO | COURTESY
What you need to know:
- The summit brought together government leaders, investors, and energy experts to discuss strategies for expanding energy access, integrating sustainable power sources, and strengthening regional cooperation.
Arusha. Stanbic Bank Tanzania has reaffirmed its commitment to investment, infrastructure financing, and industrialisation as drivers of economic growth.
The bank underscored this at the 5th East Africa Energy Cooperation Summit (EA-ECS) 2025, which concluded in Arusha at the weekend.
With the theme “Empowering East Africa: Unlocking Tanzania’s Energy Potential for a Regional Power Market,” the summit brought together government leaders, investors, and energy experts to discuss strategies for expanding energy access, integrating sustainable power sources, and strengthening regional cooperation.
As Tanzania seeks to establish itself as an energy hub within the East African Community (EAC), investment in energy security, infrastructure, and financing models will be critical to the sector’s growth.
Speaking at the summit, Vice President, Energy and Infrastructure at Stanbic Bank Tanzania, Joe Mwakanjuki, said it was important of targeted investments in energy infrastructure.
“The energy sector is central to Tanzania’s industrialisation and economic growth. At Stanbic Bank, we recognise that financing is a key enabler of this transformation. Our focus is to provide financial solutions that attract investment, expand energy access, and support economic development,” he said.
Stanbic Bank Tanzania acknowledges the role of strategic financing in transforming the energy sector. Drawing on expertise from Standard Bank Group, the bank has helped structure financial solutions that mitigate investment risks, facilitate partnerships, and support large-scale infrastructure projects.
The bank has contributed to major energy initiatives, including the Tanzania LNG Macroeconomic Study. Beyond Tanzania, Standard Bank Group has supported energy investments across the continent, including financing the Seriti Green Wind Project in South Africa and refinancing Kenya’s Lake Turkana Wind Power Project.
The bank’s engagement at EA-ECS 2025 aligns with its broader goal of supporting Tanzania’s economic growth by working with government institutions, private sector players and development partners.
