MORE than 40 emerging entrepreneurs have graduated from Stanbic Bank Zimbabwe’s three-month Level Up Business Clinic, gaining practical skills to scale and manage their businesses more effectively.
The initiative, which ran from March to May 2025, was designed by the bank’s Enterprise Banking Unit to bolster the growth and sustainability of SMEs across key economic sectors.
Stanbic Bank Zimbabwe chief executive Solomon Nyanhongo emphasised that the programme underscores the bank’s dedication to empowering SMEs, recognising their pivotal role in Zimbabwe’s economic growth.
“Stanbic Bank recognises the challenges faced by SMEs, including lack of funding, compliance hurdles, and weak business structures,” Nyanhongo said.
“Through our Incubator Hub, we offer tailored support, focusing on ideation, incubation, and acceleration to help entrepreneurs build sustainable businesses.”
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.
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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.
