In Zimbabwe, as a resource-based economy with reserves in over 60 minerals and non-minerals, thefocus is on the following sectors:
- Mining – platinum, gold, coal and diamonds. Also, reserves of gas and uranium, although these are currently untapped. With sufficient investment, the development of Zimbabwe’s resources sector stands to transform the economy significantly.
- Agriculture – sugar, cotton and tobacco are mostly grown for the export market. Maize is mostly produced by small-scale farmers and wheat by commercial farmers, with imports still required to meet demand.
- Infrastructure – power (with opportunities in thermal, gas, solar and nuclear), freight, road and rail, plus telecommunications; all present opportunities for growth
- Social infrastructure – health and education remain a focus
- Financial services – including pension funds and insurance companies, as well as the donor community
- Utilities – focusing on areas like water reticulation and sewer systems, as well as the needs of local councils
Standard Bank is a leader in commodity-related financial services, and is able to realise significant value for clients in Zimbabwe.
Our sector specialists provide insights into the conditions and challenges faced on-the-ground by our clients. We develop working solutions by understanding all players in the sector value chain, and coordinate and execute our clients’ financing and banking requirements within and across continents. Moreover, we leverage the expertise of sector experts and product specialists at a group level to develop working solutions for our clients.
Read more about Standard Bank Group’s sector specialism.