STANBIC Bank Zimbabwe has strengthened its partnership with the mining sector, extending credit facilities amounting to US$227 million in 2025 as the financial institution moves to support growth in one of the country’s key economic sectors.
Solomon Nyanhongo, chief executive of Stanbic Bank Zimbabwe, told delegates at the Chamber of Mines conference, which was held in Victoria Falls last week, that the bank remains committed to supporting Zimbabwe’s mining sector.
“Over the past year, Stanbic Bank has significantly strengthened its financial support to the mining sector. In 2025 alone, we extended credit facilities to this critical sector amounting to a total of US$227 million,” Nyanhongo said.
These investments reflect Stanbic Bank’s confidence in the resilience and long-term potential of Zimbabwe’s mining industry.
“Our contribution goes beyond financial capital. We continue to provide advisory services, structured solutions, and tailored support across the mining value chain, enabling both large-scale and emerging operators to unlock value, improve efficiencies, and expand sustainably,” Nyanhongo said.
He said the Standard Bank Group subsidiary deeply valued its relationship with the Chamber of Mines, which dates back to 2005, representing more than two decades of collaboration.
Over the years, Stanbic Bank has worked closely with the Chamber on key industry engagements, policy dialogue and initiatives aimed at strengthening the mining sector.
Nyanhongo said the long-standing partnership was anchored on shared goals of sustainability, growth and value creation for Zimbabwe.
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He said Stanbic Bank’s key differentiator lay in its integration within the Standard Bank Group, the largest banking group in Africa, and its strategic alliance with the Industrial and Commercial Bank of China, the world’s largest bank by assets.
“This unique positioning enables Stanbic Bank to connect Zimbabwe’s mining sector to global capital, international markets, and technical expertise,” he noted.
“It allows us to deliver not only funding, but end-to-end solutions that span advisory, infrastructure financing, and cross-border trade facilitation, unlocking opportunities that extend beyond the domestic market.”
Through these alliances, Stanbic Bank enables investment flows into Zimbabwe, positioning the country as an attractive destination for mining investment.
This is supported by a highly experienced exchange control team, which helps its clients comply with the country’s exchange control regulations.
Looking ahead, Nyanhongo said Stanbic Bank remained focused on continuing to support the mining sector with innovative financial solutions, strengthening strategic partnerships and contributing meaningfully to Zimbabwe’s growth agenda.
