Metropolitan banks on agriculture


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The ever-optimistic chairman of Metropolitan Bank, Enock Kamushinda, says he is confident that the challenges that the country is facing can be solved if all stakeholders adopt a positive and constructive approach.

Though most observers are lamenting the drop in agricultural production, Kamushinda says the sector can act as a vehicle for stimulating and reviving economic growth but there is need to ensure that adequate financial resources, machinery and inputs are made available before the onset of the rains.

The bank did not do too badly either. Net interest income shot up from $503.9 million to $2.6 billion more than the $1.2 billion realised for the entire last year. Net profit rose from $402.9 million to $2.1 billion. Last year’s net profit was $1.6 billion.

The bank says the Malaysian government has given formal approval for its representative office in Kuala Lumpur, a development which will enhance its efforts to spur more trading activities between Zimbabwean companies and Malaysia together with the Asian region.

(66 VIEWS)

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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