Stanbic Bank Tanzania participated in the 4th Mining Local Content Compliance Forum in Mwanza, reaffirming its commitment to powering local enterprise growth through tailored financial solutions that meet the evolving needs of the mining value chain.

The bank showcased a range of innovative offerings including Vehicle and Asset Financing (VAF), Alternative Energy Financing, and Working Capital solutions through Contract Financing, with a focus on domestic products linked to key anchor clients in the mining ecosystem.

Speaking during the event, Mollen Charles, Senior Relationship Manager – Minerals & Metals at Stanbic Bank, emphasized the bank’s longstanding commitment to local development:

“We are here to support Tanzanian businesses by providing simple, scalable, and sector-specific financial solutions. Whether it’s acquiring equipment through Vehicle Asset Financing (VAF), adopting clean energy, or bridging cashflow through contract financing, we’re committed to enabling long-term, inclusive growth.”

As Stanbic Bank marks 30 years of impact in Tanzania, its participation at the forum underscores its continued role in advancing the country’s development agenda.

“Tanzania is our home, we drive her growth,” remains the bank’s guiding philosophy as it supports businesses across sectors to thrive and expand.

Stanbic Bank continues to position itself as a trusted partner for businesses in the mining sector and beyond, aligned with the national agenda of increasing local participation and economic empowerment.