The Metropolitan Bank has partnered with the Zimbabwe Miners Federation (ZMF) in a “strategic alliance” which will see the banking institution become exclusive financial advisors and fund the federation’s activities.
In return the ZMF membership will open accounts with Metbank and obtain a multi-purpose card that “will facilitate the recognition and general banking of small scale artisanal miners” whose contribution to the Gross Domestic Product (GDP) is now very significant.
“Today marks a historic day in the calendar of both ZMF and Metbank as it witnesses the birth of a strategic alliance of note. The alliance will bring a new dimension in areas such as legitimate recognition and appreciation of our artisanal and small scale miners as key contributors to our GDP, financial resourcing and financial inclusion of the same.
“Through a long and tedious, but productive engagement process, ZMF has seen it fit to appoint Metbank as its exclusive financial advisors and Metbank pledges this day, that it is willing and able to take up this task with unquestionable commitment,” said Metbank executive director Ephraim Chawoneka at the signing ceremony held in Harare on Tuesday.