Harare, Zimbabwe | Stanbic Bank will once again sponsor the country’s premier annual musical event, the Stanbic Bank Jacaranda Music Festival, which kicks off in October this year.
The festival was launched at a glamorous event in the capital yesterday, attended by leading figures in the arts and entertainment industry.
Stanbic Bank, a prominent financial services institution, is the headline sponsor of the festival, scheduled to take place from October 4-6, 2024, at the Thorn Park Polo Grounds.
Patson Mahatchi, Head of Business and Commercial Banking at Stanbic Bank, expressed pride in the bank’s role in supporting artists and enriching Zimbabwean culture and heritage.
Mahatchi highlighted the festival’s growth into one of the premier music events in the region, attracting thousands from across the country and beyond. Last year’s event saw around 13,000 attendees and sold-out tickets.
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“At Stanbic, we believe Zimbabwe is our home, and we drive her growth. At the Group level, we extend this commitment to Africa as a whole. Our support for the festival underscores the vital role artists play in enhancing our culture and heritage,” Mahatchi said.
He noted that local events like the Jacaranda Music Festival not only provide entertainment but also boost tourism and showcase Zimbabwe’s vibrant culture globally. By supporting the festival, Stanbic Bank contributes to employment creation and opportunities for those involved in the event’s value chain.
“Our efforts go beyond entertainment; we are committed to driving economic and cultural development in Zimbabwe. The festival’s regional and international performances reflect our inclusivity mantra, celebrating the diversity and unity of our continent,” Mahatchi added.
He also mentioned that Stanbic Bank would continue its initiative to empower local musicians through a two-day workshop as part of the festival.
“This workshop aims to help musicians and creative artists achieve financial returns and benefits from their work. At Stanbic Bank, innovation is at the forefront, and we seek solutions to industry challenges,” said Mahatchi.
Walter Wanyanya, the festival organizer and Director of Ngoma neHosho, praised Stanbic Bank for its support of arts and culture. Wanyanya commended the bank for its commitment to hosting the music business conference, which precedes the main festival and provides valuable opportunities for industry professionals and aspiring musicians.
Established in 2017, the festival has become a major event in the region, featuring a diverse lineup of musical performances and a food village with specialized vendors.
Wanyanya promised that the 2024 edition would continue showcasing top musical talent from across the region and beyond, with a spotlight on Zimbabwe’s finest performers.
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