Stanbic Bank Zimbabwe taps into Chinese investments

📅 Published: August 26, 2025

Curated by AllZimNews.com

The office would initially act as an advisory centre that links ABSA with Chinese investors.

Stanbic Bank, which commenced business in Zimbabwe in 1992, is a subsidiary of the South Africa-headquartered Standard Bank Group that opened its first branch in the then Rhodesia in 1892.

Last month, the bank convened a two-day exhibition in Harare that was meant to bring together Chinese and Zimbabwean investors, following up on a job fair it organised in 2022.

While Zimbabwe has witnessed an influx of hundreds of Chinese investments post-2017 when President Emmerson Mnangagwa took over from the late long-ruling Robert Mugabe through military assistance, only a handful of companies from the Asian country heeded the invitation to exhibit at the recent Stanbic China Day fair that ran under the theme, “Creating Sustainable Partnerships for Growth”.

On the opening day, the vice president of the Chamber of Chinese Enterprises in Zimbabwe (CCEZ), Shane Liu, noted that Chinese investments in the southern African nation were growing. “With recent years, there are increasing numbers of well-established and capable Chinese companies which are investing in Zimbabwe.

We are glad to see that Chinese private investments also becoming a vital force to promote Zimbabwe’s economy,” said Liu.

The CCEZ was formed in 2006 and has over 80 member companies that are active in Zimbabwe’s agriculture, mining, renewable energy, infrastructure development, telecommunication, trade, manufacturing, logistics and transportation sectors.

The chamber confirmed that it worked closely with Stanbic Bank Zimbabwe. “Stanbic Bank has for long valued its relationship with the Chinese business community in Zimbabwe and works closely with our chamber.

Last year, we partnered to host a highly successful job fair,” he added.

China is now the biggest source of investments for Zimbabwe’s agriculture, mining and informal sectors of the economy.

It is also this country’s third largest trading partner.

Trade between Zimbabwe and China surged 29 percent year-on-year to a record high of US$2. 43 billion in 2022, according to the Chinese embassy, with the former exporting US$1. 3 billion and importing US$1. 13 billion worth of goods from the Asian country. 🔗

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