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 Revolution a long history of Arab rule dating back to 1698, Zanzibar was an overseas territory of Oman until it achieved independence in 1858 under its own Sultanate. In 1890 during Ali ibn Sa'id's reign, Zanzibar became a British protectorate, and although never formally under direct rule was considered part of the British Empire. By 1964, the country was a constitutional monarchy ruled by Sultan Jamshid bin Abdullah. Zanzibar had a population of around 230,000 Africans—some of whom claimed Persian ancestry and were known locally as Shirazis—and also contained significant minorities in the 50,000 Arabs and 20,000 South Asians who were