Stanbic targets diaspora market
BUSINESS REPORTER
Stanbic Bank Zimbabwe is taking part in two property, trade and investment expositions to be held in the United Kingdom (UK) as it seeks to unlock investment in residential and commercial property for people living in the diaspora.
This week Stanbic will be participating at the Inaugural Nyaradzo Trade and Investment Fair where it will be exhibiting its Home Loans Product in Herdfordshire.
The Nyaradzo Trade & Investment Fair runs from September 16 to 18.
Stanbic Bank Zimbabwe Head, Consumer and High Net Worth Clients, Nelson Muhau, said the institution has a mutually beneficial business partnership with Nyaradzo and this relationship has seen Stanbic Bank being invited to be one of the exhibitors at the Fair.
Muhau said Stanbic Bank will capitalise on the opportunity to meet Zimbabweans in the UK and draw their attention to the institution’s Diaspora Home Loans product.
“Our Home Loans team will meet clients face to face and answer their questions as we advise them on the facilities through which they could build, renovate or purchase homes back home through Stanbic Bank Zimbabwe,” Muhau said.
The Standard Bank Group subsidiary is also the main sponsor of the Vaka-Ekhaya Property Investment Expo scheduled for September 24 in West Bromwich, UK.
Muhau said the main thrust of the Vaka-Ekhaya Expo is to discuss Property investment opportunities in Zimbabwe.
He said the Zimbabwe community in the United Kingdom presents a unique investment and development case as Zimbabweans abroad are always seeking ways to have some form of investment back home.
“We believe this property expo, as intended, will afford them a platform to invest in residential and commercial property back home thereby opening streams of income, stimulating the property markets as well as bringing the much-needed infrastructure development in the country,” Muhau said.
The Stanbic executive will be one of the keynote speakers at the Vaka-Ekhaya Expo sharing about property investments back home as the institution also plays its part in bringing housing solutions for the diaspora.
“We are basically reaching out to our diaspora market. Those in the UK who want solutions back home in terms of housing and commercial properties. From a national perspective Stanbic is also playing its part in reducing the housing backlog which is around 1.4m,” he said.
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