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 place to this day. The third pillar of the economy was slaves, which gave Zanzibar an important place in the Arab slave trade, the Indian Ocean equivalent of the better-known Triangular Trade. The Omani Sultan of Zanzibar controlled a substantial portion of the African Great Lakes coast, known as Zanj, as well as extensive inland trading routes. Sometimes gradually, sometimes by fits and starts, control of Zanzibar came into the hands of the British Empire. In 1890, Zanzibar became a British protectorate. The death of one sultan and the succession of another of whom the British did not approve later