STANBIC Bank Tanzania is committed to provide tailor-made financial
solutions to the investor community eyeing to invest in the country.
This was made apparent when the bank’s
Corporate and Investment Banking team that hosted a business delegation
of 14 Germany companies representing various sectors in Dar es Salaam
recently.
Standard Bank’s representative that
covers Europe/ Germany, Udo Raab liaised with the organisers to
facilitate this interaction. The two groups covered talks pertaining to
exploring business and investment opportunities in infrastructure,
education, technology, machinery and energy in the country and the rest
of Africa.
Stanbic Bank Head of Global Markets Ivan
Tarimo said the bank was looking at establishing co-operation with the
companies that will see the bank linking the businesses to growth
opportunities offered by Tanzania and other African economies.
“With the ability to leverage our
combined pan-African presence with our local footprint, Stanbic Bank
provides the expertise and relationships to assist clients negotiate
complex financial and regulatory crossborder environments,” he said.
“Our local teams and in-depth research
drive our deep understanding of market dynamics in countries with
rapidly developing economies such as Tanzania,” he told the delegates
while citing a recent World Bank report that forecast that Tanzania will
have the third fastest growing economy in Africa in 2018.
Head of the German delegation, Mr
Christoph Kannengieber had high hopes of the future economic prospects
between the two countries citing that German business needs to learn
more about Tanzania so as to grow trade relations between the two
countries as the opportunities are plenty.
He later added that Tanzania in all
aspects provides a white canvas for investors; looking at population
size, readily available market, access to the sea and air port, ever
improving infrastructure as well as the political will of the country
present positive environments for investors.
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