In Summary
  • Bank says name ‘Uhuru’ reflects unique offering that provides customers an account with no monthly management fees

Dar es Salaam. Stanbic Bank Tanzania has launched Uhuru Banking, a new, digitised and simplified way of banking for the Tanzanian market.

According to the bank, ‘Uhuru’ reflects the unique offering which provides customers with an account that has no monthly management fees, a gold visa debit card that can be used globally and more freedom to transact through its self-service channels on mobile devices.

According to a statement: “Following feedback from its customers, the bank has enhanced its Personal Banking offer that previously segmented accounts as Silver, Gold and Blue.”

The statement added that the new offer streamlined the accounts into Uhuru Banking and empowers the customer with the freedom and flexibility over their transactions on digital platforms.

“Uhuru banking is a response to feedback we received from our customers on our products and services. Our customers are at the heart of everything we do at Stanbic and we are committed to empowering their financial success,” said Mr Brian Ndadzungira, head of personal and business banking.

“Tanzania’s young and vibrant population demands products that fit their lifestyle; customers can have tailor-made financial services with Uhuru banking. “This proposition aims to make progress real for Tanzanians helping them to move forward with their financial goals,” he added.

Tanzania’s banking sector has evolved over the years, with more than 20 years under its belt, Stanbic Bank Tanzania continues to deliver exclusive and tailored ‘best in class’ products for the Tanzanian market.

Stanbic Bank Tanzania is part of the Standard Bank Group, the largest African bank by assets with its headquartered in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock