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
Zanzibar Zanzibar since 1890 was terminated by the United Kingdom. The United Kingdom did not grant Zanzibar independence, as such, because the UK had never had sovereignty over Zanzibar. Rather, by the Zanzibar Act 1963 of the United Kingdom, the UK ended the Protectorate and made provision for full self-government in Zanzibar as an independent country within the Commonwealth. Upon the Protectorate being abolished, Zanzibar became a constitutional monarchy under the Sultan. However, just a month later, on 12 January 1964 Sultan Jamshid bin Abdullah was deposed during the Zanzibar Revolution. The Sultan fled into exile, and the Sultanate was replaced