Miners say the government should promote the growth of small-scale mining through provision of capital and mining equipment supported by an exclusive bank as is the case for the country’s farming sector.
Confederation of Zimbabwe Miners President Rangani Chauke said a bank catering for the mining sector’s needs will go a long way in assisting miners to manoeuvre towards the 2023 target set by government of achieving US$12 billion in revenue.
“We have various commercial banks in the country and this does not go well with the miners. We require a mining bank that understands the needs, the problems and the challenges facing the miners so that this important sector could contribute greatly to the Gross Domestic Product (GDP) and to the vision 2030. We seriously need the mining bank just as farmers have Agribank.
In the agricultural sector, the government has initiated the remodelling of Agribank to offer financial and mechanization services to the entire agriculture sector.