…Stanbic Bank Chief Executive Solomon Nyanhongo
By Desire Tshuma
Harare – Stanbic Bank Zimbabwe says it is stepping up support for the agricultural value chain with medium- and long-term financing, climate-smart mechanisation, and new market linkages for farmers.
The Standard Bank Group subsidiary has arranged annual and revolving facilities worth USD800 million in on-balance sheet funding and group credit lines. Stanbic said it has extended financial services to more than 55,000 farmers nationwide, supported by 14 service implants and 13 agency booths aimed at making banking inclusive, convenient, and affordable.
Speaking at a recent Agricultural Dealers and Manufacturers Association gathering, Stanbic Bank Chief Executive Solomon Nyanhongo said the bank’s focus is on mechanisation and climate-proofing farms for year-round production.
“We recognise that sustainable agriculture requires patient capital, and we are proud to play our part in supporting this,” Nyanhongo said. “As an African bank, we also recognise that production alone is not sufficient. Access to markets is critical. Therefore, one of our priorities is to facilitate market linkages for our clients, ensuring that the fruits of their labour translate into meaningful economic returns.”
Nyanhongo added that improved access to modern equipment and technology is key to boosting efficiency, productivity, and farmer profitability. He said Stanbic sees climate-smart mechanisation as a way to drive transformation across the entire value chain, not just finance assets.
The bank is also working to unlock regional and international opportunities for Zimbabwean farmers and agribusinesses. Nyanhongo commended ADMA stakeholders and farmers for showing “insurmountable resilience, dedication, and unwavering commitment” despite global challenges.
“To our farmers, I extend a special word of gratitude. Your determination in the face of uncertainty, be it climate variability, input cost pressures, or market challenges, demonstrates the true spirit of Zimbabwean agriculture. We stand with you and remain committed to supporting your growth and the expansion of your businesses,” he said.
Stanbic Head of Agribusiness Tawanda Maposah said the division is delivering tailored financing, input support schemes, and advisory services. Through structured lending and value chain financing, the bank has helped farmers navigate difficult seasons, mitigate risk, and improve cash flow.
Nyanhongo reaffirmed Stanbic’s role as a partner, not just a financier: “Together, we will continue to strengthen the agricultural value chain, drive innovation, and build a more productive and profitable sector for generations to come. Zimbabwe is our home. We drive her growth.”