Stanbic Bank Seeks To Partner Zimbabweans In Diaspora Through Investment In Residential And Commercial Property

1 year agoTue, 13 Sep 2022 12:32:19 GMT
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Stanbic Bank Seeks To Partner Zimbabweans In Diaspora Through Investment In Residential And Commercial Property

Stanbic Bank Zimbabwe is taking part in two property, trade and investment expositions to be held in the United Kingdom (UK) this week and next 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 Hertfordshire.

The Nyaradzo Trade & Investment Fair kicks off on Friday 16 September and ends on Sunday 18 September.

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. He said:

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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. 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, stimulate the property markets as well as bringing the much-needed infrastructure development in the country.

The Standard Bank Group subsidiary is also the main sponsor of the Vaka-Ekhaya Property Investment Expo scheduled for 24 September 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.

The Bank offers mortgage finance to the diaspora for the acquisition of completed houses, construction of new properties, home and property improvements and equity release.

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