MICROFINANCE bank African Century Limited (ACL) is making strides in the country’s mining sector by offering tailored equipment leasing and financial solutions, particularly benefiting operations along the mineral-rich Great Dyke.
Since it opened its doors in 2011, ACL has been dedicated to revitalising key economic sectors through its financial services, which include leasing, working capital facilities, and corporate advisory.
The bank’s focused support for the mining industry addresses the capital-intensive demands of mineral extraction and processing.
“The mining industry has enormous potential for growth, especially along the Great Dyke of Zimbabwe, where most mining activities take place,” an ACL representative said.
“ACL has put in place schemes specifically tailored to support this industry since it is vital for the economic growth of the country.”
The Great Dyke, a remarkable 550-kilometre geological formation, is famous for its rich deposits of platinum, gold, chrome, and nickel, making it a hotspot for mining activities in Zimbabwe.
ACL’s leasing model allows mining companies to obtain essential equipment—like bulldozers, excavators, and tipper trucks—without the stress of hefty upfront costs.
This strategy enables firms to expand their operations efficiently while keeping capital available for other operational needs.
In addition to mining, ACL also offers its financial services to sectors such as construction, agriculture, and manufacturing, showcasing its commitment to broad-based economic development.
The bank’s ability to customise lease terms to align with clients’ income projections highlights its client-focused approach.
“We understand that the needs of our clients in this sector are different; hence, we always try to customise the tenor of the leases to suit the client’s income projections,” the ACL representative added.
