STANBIC Bank Zimbabwe has reinforced its commitment to addressing the country’s energy challenges by providing innovative, sustainable financing solutions for renewable energy projects—with a particular focus on powering the mining sector, a key driver of Zimbabwe’s economic growth.
Speaking at the Chamber of Mines President’s Dinner held in Victoria Falls last week, chief executive Solomon Nyanhongo emphasised the bank’s pivotal role in advancing Zimbabwe’s mining industry despite persistent economic hurdles.
“Some of the key challenges include persistent disruptions in electricity supply, which lead to production stoppages, output losses, and a range of operational setbacks,” he said.
“As Stanbic Bank, we have made it a priority to be part of the solution by offering sustainable financing options for renewable energy projects to ensure long-term power security.”
He added that Stanbic Bank’s support for the mining sector is bolstered by its strategic position within the Standard Bank Group, Africa’s largest banking group by assets, with representation in more than 20 countries in Africa, and five global centres of the world being Beijing (China), New York (USA) , London, Jersey and Dubai.
“Our mining clients in Zimbabwe benefit significantly from the expertise of mining sector specialists within the Group who are based in both Zimbabwe and South Africa,” the chief executive said.
“These experts regularly visit our clients in Zimbabwe to provide global markets insight, share key trends, and offer advisory services that help us develop tailored strategies for the local mining industry.”
Stanbic Bank’s Pan African and international footprint enables the bank to leverage global best practices, enhance its capabilities, and expose its teams to innovative technologies and ideas.
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Stanbic Bank vice president and mining specialist, Tania Mandaza, emphasised the need for mines to adopt emerging technologies, including Artificial Intelligence (AI), to improve operational efficiency and safety in mining.
“Through continuous engagement with key mining stakeholders, it has become clear that AI is not just a passing trend—it’s a transformative tool. Stanbic Bank is proactively embracing AI to drive efficiency, sustainability, and better outcomes across our mining portfolio,” she said.
Mandaza also highlighted the bank’s strong alignment with Environmental, Social, and Governance (ESG) principles.
“ESG is no longer optional. Investors and financial institutions are increasingly prioritizing sustainable investments—particularly in renewable energy and infrastructure, “ she said.
“Our role at Stanbic Bank is to support our mining clients in meeting these evolving expectations. We are committed to walking this journey with them.”
This year’s Chamber of Mines conference was held under the theme: “Unlocking Growth for Zimbabwe’s Mining Industry.”
As part of the main conference proceedings, Standard Bank Group representative Tumi Mmolatwa delivered a key presentation, underscoring the group’s ongoing support and thought leadership in shaping the future of mining across the continent.
