STAFF WRITER
Harare–Over 40 emerging entrepreneurs have successfully completed a transformative three-month programme hosted by Stanbic Bank Zimbabwe, equipping them with practical skills to grow and run their businesses efficiently.
The Level Up Business Clinic, launched in March and concluded in May, was spearheaded by Stanbic Bank’s Enterprise Banking Unit, which supports the growth and sustainability of SMEs across various sectors of the economy.
Stanbic Bank Chief Executive, Solomon Nyanhongo, said the initiative reflects the bank’s commitment to supporting SMEs, acknowledging their critical role in driving Zimbabwe’s economic development.
“Stanbic Bank recognises the challenges faced by SMEs, including lack of funding, compliance hurdles, and weak business structures. Through our Incubator Hub, we offer tailored support, focusing on ideation, incubation, and acceleration to help entrepreneurs build sustainable businesses,” said Nyanhongo.
The Incubator Hub, based in Harare, provides a collaborative space for SMEs to brainstorm, share ideas, and participate in skills development programmes. Nyanhongo noted that Stanbic Bank’s involvement across multiple sectors—construction, mining, energy, and infrastructure—enhances its ability to impart relevant knowledge to small businesses.
“Our aim is to help SMEs think long-term by equipping them with essential tools in governance, legal compliance, finance, and business strategy,” he added.
Stanbic Bank Board Chairman, Mucha Mkanganwi, applauded the 45 graduates and reaffirmed the bank’s dedication to SME growth through initiatives like the Level Up Business Clinic. A successful entrepreneur himself, Mkanganwi shared practical advice with participants:
“Don’t get stuck on ‘why’ when challenges arise—focus on ‘what now.’ Entrepreneurship is a journey with highs and lows. Grow steadily, avoid premature scaling, and embrace innovation.”
The programme was delivered in partnership with Mustard Seed Advisory, a women-led firm supporting financial sector development and financial inclusion. The Level Up Business Clinic follows last year’s Starter Up Programme and is part of Stanbic Bank’s broader strategy to build SME capacity in areas such as financial management, HR, branding, marketing, funding, and mentorship.
