Mwinyi commits to strengthening financial partnerships

ZANZIBAR: ZANZIBAR President, Dr Hussein Ali Mwinyi held high-level talks with senior executives from Ecobank, reaffirming the government’s commitment to strengthening financial partnerships to drive economic growth.

The meeting brought together the bank’s top leadership, including Group Executive for Corporate and Investment Banking based at Ecobank’s headquarters in Togo, Michael Larbie and Managing Director of Ecobank Tanzania, Charles Asiedu. The discussions focused on expanding collaboration between the financial institution and the Government of Zanzibar in key development sectors.

During the meeting, President Mwinyi commended Ecobank for its continued cooperation and support in advancing Zanzibar’s economic agenda. He acknowledged the bank’s role in facilitating financial inclusion and supporting business growth across the region.

“Partnership with international and regional financial institutions,” the President emphasised, noting that such collaborations are essential in unlocking Zanzibar’s full economic potential.

He assured the Ecobank delegation of the government’s readiness to deepen cooperation in areas that will bring tangible benefits to the people.

Highlighting priority areas for investment, Dr Mwinyi pointed to opportunities in port development, road infrastructure and the blue economy, sectors seen as critical to Zanzibar’s long-term growth strategy.

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He said the government is actively working to create a conducive environment that attracts investors and supports sustainable development.

For his part, the Group Executive, Corporate & Investment Banking at Ecobank, Mr Michael Larbie reaffirmed Ecobank’s commitment to strengthening its partnership with Zanzibar, pledging continued support in financing and facilitating trade and investment across the African continent.

He noted that the bank’s Pan-African Partnership strategy is designed to enhance crossborder business and unlock new opportunities for growth.

Mr Larbie added that Ecobank is keen to explore more avenues of collaboration with Zanzibar, particularly in supporting key infrastructure projects and empowering businesses through innovative financial solutions