Stanbic Bank hands over 70 trucks to GSM


The handover ceremony took place at GSM’s offices in Kurasini in the presence of Galco’s Managing Director, Sultan Abdullah, and Stanbic Bank’s Head of Automotive Asset Finance, John Mosha.

Speaking at the handover ceremony, Mosha reiterated the bank’s commitment to delivering customer-centric solutions and enabling business growth and transformation.

“Our customers are at the center of what we do, and we strive to ensure that they are taken care of, GSM is one of our valued partners and customers. We thank them for choosing us to support them in Thanks to Vehicle Asset Financing (VAF), Business Exchange (Africa-China support solution) and our Bancassurance proposals, we have been a one stop shop for GSM streamlining the truck procurement process We will continue to ensure businesses have access to financing for quality vehicles,” Mosha said.

GSM Commercial Director Allan Chonjo said the new trucks will help the business expand and create more job opportunities.

“We are delighted with the opportunities this service has opened up for us to grow as a business, with the new trucks we now have a fleet of 800 trucks and this will increase our capabilities to serve our customers within the Community. Africa (EAC) and the Southern African Development Community (SADC) region.

Chonjo added, “Stanbic has been our partner every step of the way, supporting the company’s vision and facilitating its implementation and we look forward to future collaborations.”

Stanbic Bank Tanzania, a vehicle financing structure, makes the process of acquiring vehicles simple and transparent for its customers.

According to Mosha, the bank’s vehicle finance structure goes beyond just making loans, but provides a holistic vehicle finance package that benefits its customers and gives them access to affordable insurance from trusted partners.

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