Geita is the beating heart of Tanzania’s mining sector, home to thousands of men and women whose hard work fuels one of the nation’s most critical industries.
Recognizing their contribution and potential, Stanbic Bank Tanzania has unveiled a bold commitment to mining employees in Geita, providing them with world-class financial solutions that empower them to thrive, invest and build lasting prosperity.
The announcement was made during a dedicated engagement session with mining professionals in Geita, where Stanbic Bank introduced mortgage, loan, savings and investment solutions specifically tailored to meet the realities of employees working in the mining sector.
“Geita is more than a mining hub, it is a community of ambitious individuals whose efforts keep Tanzania’s economy moving,” said Emmanuel Mahodanga, Head of Personal Banking at Stanbic Bank Tanzania. “At Stanbic, we believe these men and women deserve access to financial solutions that match their ambition. Whether it’s owning a home, building wealth, or securing their family’s future, we are here to make those aspirations a reality.”
Among the solutions introduced were long-term mortgage facilities of up to TZS 1.2 billion with repayment periods of up to 20 years, giving mining employees access to home ownership like never before.
Stanbic also announced straight purchase loans, financing up to 90% of property value, as well as flexible mortgage takeover options.
For those looking to improve their livelihoods and productivity, vehicle and asset financing was highlighted, covering everything from cars and buses to specialized mining equipment such as excavators and drilling rigs. “Mining employees deserve the tools that make their lives easier and their work more productive. With flexible repayment options, we make that possible,” said Herry Magava, Manager – Vehicle and Asset Finance at Stanbic Bank Tanzania.
Beyond lending, Stanbic also introduced construction loans, savings and investment opportunities and credit life insurance, ensuring that employees not only grow their wealth but also safeguard their families against unforeseen challenges.
This initiative reflects Stanbic Bank’s 30-year journey in Tanzania under the theme “Tanzania Mabegani – Miaka 30 ya Kukua Pamoja.” By placing individuals at the center of financial growth, the bank continues to demonstrate its role as a partner in personal prosperity, community development and national transformation.
“Our purpose is clear, we are here to drive Tanzania’s growth by empowering her people. Mining employees in Geita are key to that growth and we are proud to walk this journey with them, enabling them to dream bigger and achieve more,” Mahodanga concluded.
