George Guvamatanga

"Currently the Zimbabwean banking sector is characterised by slightly above US$4 billion in deposits of which above 70% are transitory in nature. This on its own is a major handicap of the banking sector to be able to finance mining sector. It is out of these little resources that all sectors require a share"

"The local money markets have failed to take off meaningfully, with local capital market, that is, ZSE also failing to provide an adequate platform for fundraising for economic development. This then calls for the economic players to strategise and look at means of accessing finance from outside the country. We have seen big corporates including Bindura Nickel Corporation taking this route"

"However, in the liquidity constrained environment characterising the country, banks in Zimbabwe are not in a position to meet the capitalisation needs of many players in the mining sector"

"Banks will lend to companies that have demonstrably strong cash flows. Some companies have been able to access loans at reasonable rates, so it’s not always a matter of liquidity but of leadership"

"It is imperative to look at the alternative sources of financing to circumvent the liquidity challenges affecting the country"

"The ability of the sector to attract financing requires that the laws governing mining in the country be transparent and investor friendly"