The Development Bank of Southern Africa (DBSA) has identified Zimbabwe as a dynamic area for a considerable number of investments and mergers.
The bank's chief economist Sam Muradzikwa said a number of opportunities had been identified which now needed tightening to become bankable, The Herald reported on Thursday.
"We have good business proposals but very few of them are bankable, we can see that there are opportunities here but there is need for preparedness to accept and develop these," he was quoted as saying.
He urged local banks to consider partnerships with regional financial institutions to beef up their portfolios. "Right now the economy needs short term financing and this is the role that as a bank that we shall work on," said Muradzikwa.
Muradzikwa added that as a financial institution DBSA remains committed to participate in developing the economy. DBSA is currently running training programs in Zimbabwe.
"As part of the technical development that will serve as development aid for the country, we are training executives to be well equipped and knowledgeable of how best they can serve financial institutions," Muradzikwa said.
Commenting on the recent developments within the banking sector, Bankers Association of Zimbabwe president John Mangudya said that investors were welcome to come and play their role in helping restore the financial sector.
"High expenses that include rentals, electricity, water and other are translating to or leading to high charges on accounts," he said in response to charges that banks were charging higher fees for services.
Source:Xinhua
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