Barclays in Zimbabwe

Key Facts

Operating Environment

Zimbabwe is situated in Southern Africa and has a population of over 12, 5 million. Zimbabwe is a country rich in natural resources. Its economy is based principally on agriculture, fishing, mining and manufacturing, while revenues from tourism are steadily growing. Tobacco and minerals, primarily gold, account for the larger part of its export revenue.

Large deposits of platinum and diamond have recently been discovered and a substantial amount of foreign exchange is being generated from these minerals. The country benefits from particularly close economic ties with South Africa, which many international corporates regard as a potential 'gateway' into the continent.

Barclays in Zimbabwe

Barclays Bank is one of the leading banks in Zimbabwe and has operated in the country since 1912 and is listed on the Zimbabwe Stock Exchange. The bank’s head office is in Harare, the capital city of Zimbabwe. The bank has a major commercial banking network throughout the country with 38 branches in all large commercial centres. Barclays Bank currently has the largest ATM network in Zimbabwe with 71 ATMs spread across the country. Barclays Bank employs 1022 permanent staff members with George T Guvamatanga as the MD.