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 was characterized by fratricidal quarrels as it was common for brother to murder brother, and this was typical of the Arab aristocracy, where it was acceptable for family members to murder one another to gain land, wealth, titles and slaves. Visitors to Zanzibar often mentioned the "shocking brutality" which the Arab masters treated their African slaves, who were so cowed into submission that there was never a slave revolt attempted on Zanzibar. The cruelty which the Arab masters treated their black slaves left behind a legacy of hate, which exploded in the revolution of 1964. The Sultan of Zanzibar controlled