STANDARD Bank Group is fascinated by President Jakaya Kikwete's rendition of Tanzania's infrastructure development plans and has promised to play an important role in supporting the realisation of the ambitious plans.
This assurance was given by Standard Bank Group joint Chief Executive, Sim Tshabalala in Dar es Salaam this week during his visit to Tanzania, where he also met President Kikwete to discuss several investment matters for the development of the bank and Tanzania.
Tshabalala said apart from partnering with the government of Tanzania to improve the country's infrastructure, the bank would also continue to viciously build its business in Tanzania as a way of positioning itself to take advantage of the robust economic growth the country is experiencing, supported by strong government policies aligned to improve the investment climate in Tanzania.
"The prospect of growth in Tanzania's economy by 7 per cent over an extended period is exciting and we want to be part of this transition. So far, Stanbic Bank Tanzania - which is a subsidiary of Standard Bank Group - is well positioned to be a major player in the transition." said Tshabalala.
"When I met President Kikwete earlier, he showed me his government's strategic infrastructure development plan, supported by strong policies that will totally transform this country's economy.
As a financial institution which says Africa is home, we will be delighted to participate in realisation of this robust and ambitious plan," he added. Tshabalala said his bank wanted to remain the largest financial institution in Africa by market share through investing more in the continent and connecting Africans to the international capital markets.