People's Bank of Zanzibar limited to the islands of Zanzibar and Pemba. In April 2011, the bank opened a branch in Dar es Salaam on the mainland. As of May 2012, it planned new branches in Mwanza, Arusha, Mtwara, and Mbeya. In December 2011, the bank launched an Islamic bank window, in addition to the conventional banking services that it offers. PBZ is wholly owned by the government of Zanzibar. As of November 2014, The Peoples Bank of Zanzibar Limited maintains 11 branches at the following locations: People's Bank of Zanzibar The People's Bank of Zanzibar (PBZ) is a commercial bank in Tanzania. It
History of Zanzibar visit in 1499 marked the beginning of European influence. In 1503 or 1504, Zanzibar became part of the Portuguese Empire when Captain Ruy Lourenço Ravasco Marques landed and demanded and received tribute from the sultan in exchange for peace. Zanzibar remained a possession of Portugal for almost two centuries. In 1698, Zanzibar became part of the overseas holdings of Oman, falling under the control of the Sultan of Oman. The Portuguese were expelled and a lucrative trade in slaves and ivory thrived, along with an expanding plantation economy centring on cloves. With an excellent harbor and no shortage of fresh