Stanbic sinks $164m into mining for working capital

STANBIC Bank Zimbabwe has invested $164 million over the past 12 months in funding the working capital requirements of the mining industry.

Speaking at the Chamber of Mines Presidential Gala dinner, which the bank hosted recently, Stanbic Bank official, Rhett Groves told guests the mining sector was of key strategic importance.

“Mining is without a doubt the sector that is playing a leading role in the current economic transformation push and ongoing Zimbabwean renaissance,” he said.

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