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 Portuguese Empire was the first European power to gain control of Zanzibar, and kept it for nearly 200 years. In 1698, Zanzibar fell under the control of the Sultanate of Oman, which developed an economy of trade and cash crops, with a ruling Arab elite and a Bantu general population. Plantations were developed to grow spices; hence, the moniker of the Spice Islands (a name also used of Dutch colony the Moluccas, now part of Indonesia). Another major trade good was ivory, the tusks of elephants that were killed on the Tanganyika mainland - a practice that is still in