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
Sultanate of Zanzibar island. After his death in 1856, two of his sons, Majid bin Said and Thuwaini bin Said, struggled over the succession, so Zanzibar and Oman were divided into two separate realms. Thuwaini became the Sultan of Muscat and Oman while Majid became the first Sultan of Zanzibar, but obliged to pay an annual tribute to the Omani court in Muscat. During his 14-year reign as Sultan, Majid consolidated his power around the local slave trade. His successor, Barghash bin Said, helped abolish the slave trade in Zanzibar and largely developed the country's infrastructure. The third Sultan, Khalifa bin Said, also