Stanbic and Chinese companies pledge to create more jobs

The Chronicle

business journalist

Chinese companies operating in Zimbabwe in conjunction with Stanbic Bank are committed to creating more and better jobs to spur economic growth and reduce poverty through various business and development projects.

China has become a dominant source of investment in the country where it is rolling out a number of high-impact economic projects, including partnering with the government on key infrastructure development initiatives.

The Stanbic Bank, on the one hand, has become a key player in facilitating the financing of major economic projects, as well as in strengthening trade between Zimbabwe and China.

Last week, Stanbic Bank, in partnership with the Chinese Chamber of Enterprises Zimbabwe (CCEZ), held a two-day China-Stanbic job fair in Harare, which attracted around 2,000 applicants, mostly young people. university graduates.

The CCEZ is an association of over 80 Chinese trading companies, most of which are listed companies, operating in various sectors of the Zimbabwean economy.

More than 30 Chinese enterprises from various sectors such as mining, agriculture, textiles, hospitality, information and technology, and construction, among others, participated in the fair.

In a post-event statement, CCEZ Vice President Shanel Liu said job candidates submitted their CVs and met with employers and company representatives.

Mr Patson Mahatchi

About 20 percent participated in interviews during the fair while more interviews are planned for the coming weeks.

“The event was a resounding success thanks to the collaboration between the Chamber of Chinese Enterprises and Stanbic Bank. It has achieved its goal by providing an opportunity for job seekers who are struggling to find suitable work,” Liu said.

“We share the same belief with Stanbic Bank that creating more and better jobs is key to driving economic growth, reducing poverty, increasing social stability and helping businesses grow in a healthy direction. “

According to Liu, Chinese companies have invested in Zimbabwe across a wide range of industries. The first job fair therefore prompted their companies to invest more in the long term in creating jobs for skilled Zimbabweans and boosting the local economy.

Stanbic Bank’s Head of Corporate and Commercial Clients, Mr Patson Mahatchi, said the Standard Bank Group subsidiary considers Africa and Zimbabwe, in particular, as its homeland, hence its commitment to play a key role in economic development.

He said the banking institution is also tapping into the mutually beneficial relationship with CCEZ and its other ties to China through the Industrial and Commercial Bank of China.

This year, Stanbic Bank rolled out a solution that helps companies and individuals import from China, which has been well received in the market.

“We are committed to driving the growth of the continent and so when we say Africa is our home we really mean it and as Stanbic Bank we are well placed to lead the development of the country,” Mahatchi said.

During the fair, Liu said Chinese companies offered salaries that matched or exceeded the industry ranking system with truck drivers, for example, earning between 400 and 500 USD, lab technicians 500 to $800, Level 4-6 welders $300+, Level 6 electrician $350+, blaster $500, store clerk $200, and translator/administrator $600-1200+.

The Chinese Embassy’s Economic and Commercial Counselor Huang Minghai said the fair was an ideal platform for Chinese companies operating in Zimbabwe to dispel misconceptions about their lack of professionalism.

“Most Chinese companies have contributed to the development of local communities by building hospitals, schools and roads, drilling boreholes, donating food and personal protective equipment,” he said. .

“Most Chinese employers have good relations with local workers. Some allegations of improper practices by a few Chinese employers are mainly due to misunderstandings or cultural differences.

Minister of Public Service, Labor and Social Welfare, Professor Paul Mavima

In a speech read on his behalf, the Minister for Civil Service, Labor and Welfare, Professor Paul Mavima, said the job fair complemented the government’s efforts to create jobs.

“Economic growth and job creation are at the heart of the government’s policy orientations,” he said.

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