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 The film "Africa Addio" documents the violence and massacre of unarmed ethnic Arab civilians. The revolutionary government nationalized the local operations of the two foreign banks in Zanzibar, Standard Bank and National and Grindlays Bank. These nationalized operations may have provided the foundation for the newly created Peoples Bank of Zanzibar. Jetha Lila, the one locally owned bank in Zanzibar, closed. It was owned by Indians and although the revolutionary government of Zanzibar urged it to continue functioning, the loss of its customer base as Indians left the island made it impossible to continue. One of the main impacts of