Gregory Sebborn, the Stanbic chairperson, said the bank shrugged off headwinds including a relentless inflation and steeper surges in interest rates

The Morgan&Co said the bulk of handicaps confronting Zimbabwe’s economy were internal.

BNC, which trades its stock on the Victoria Falls Stock Exchange, projected in filings with the bourse that profits for the half year ended September 30, 2022 would plummet by 193%.

The government rolled out Vision 2030 in 2018, undertaking to transform Zimbabwe into an upper middle-income economy within 12 years.

The imported equipment was expected to help BNC change its mining strategy.