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 over the last of his dominions, Zanzibar. In 1698, Zanzibar became part of the overseas holdings of Oman after Saif bin Sultan, the Imam of Oman, defeated the Portuguese in Mombasa, in what is now Kenya. In 1832 or 1840, Omani ruler Said bin Sultan moved his court from Muscat to Stone Town on the island of Unguja (that is, Zanzibar Island). He established a ruling Arab elite and encouraged the development of clove plantations, using the island's slave labour. Zanzibar's commerce fell increasingly into the hands of traders from the Indian subcontinent, whom Said encouraged to settle on the