Tinashe Makichi recently in VICTORIA FALLS
BANCAbc will invest more funds to support small-scale sugarcane farmers in the Lowveld after having already invested $21 million in the sector over the past four years. BancAbc head of retail Rufaro Hatendi on Tuesday said the financial services company has been active in the agricultural sector despite the challenges that have been bedevilling the sector’s viability.He said an investment of $21 million has already been made but BancAbc is likely not to exceed a $30 million investment in the subsector.
“Sugar cane agricultural support in Chiredzi has been our focal point in terms of funding support. This has been a huge boost for the farmers and for the past four years they have managed to produce enough to sustain themselves and the country. This programme has been successful and we are looking forward to increase our footprint in that sector,”said Mr Hatendi.
About 550 small-scale farmers are benefiting from this support programme.
Mr Haatendi said this after the handover of a vehicle to Chinotimba Primary School in Victoria Falls on Tuesday.
BancAbc in a statement said it recognises the role played by schools in child development and reshaping the future leaders of our country.
The bank embarked on a drive to encourage schools to save through the Balance Maximiser Promotion from October 2015 to the 30th of April 2016.
The grand draw was held on May 26 this year where Chinotimba Primary School emerged as the winner of the Nissan NP 300 Truck.
Chinotimba Primary’s relationship with the bank dates back to 2013 and together the partnership grown tremendously.
During the course of the competition, the bank conducted monthly draws where Roosevelt Girls High, St Peters Catholic Primary, Kyle School Trust, Regina Mundi and Little Angels ECD Centre were winners.
The monthly prizes were courtesy of the Bank’s partners, Lighthouse Printers and Rank Zimbabwe who donated printers and white boards, respectively.
“BancABC’s promise to schools countrywide is to ensure a secure and sustainable learning environment for our future leaders through tailor made products that include loans for constructing new class room blocks, computer labs or any projects that the school may require,” said the bank in a statement.