LUSAKA, ZAMBIA – Business conditions in Zambia’s private sector neared stabilisation in November, buoyed by an improvement in demand. According to the latest Stanbic Bank Zambia IHS Markit Purchasing Managers’ Index (PMI), the PMI stood at 49.3 in November, rebounding from October’s 48.9, but staying below the 50-mark separating expansion from contraction. Although the Zambian […]

Mr Gabaraane says savings are a critical source of investment capital as well as an important buffer against unforeseen financial challenges. LUSAKA, ZAMBIA – The head of Zambia’s largest bank, Stanbic, has challenged financial institutions to increase the role they play in the country’s quest to build a savings-conscious society. Stanbic Bank Zambia Chief Executive Leina […]

LUSAKA, ZAMBIA – Like insurance, savings provide a buffer against unforeseen events, ensuring growth is sustainable. Aside from this, savings can also be a useful source of capital for entrepreneurs or act as a tool to secure a better life for you family. October 31 2020 marks International Savings Day – also referred to as World […]

As conditions record slowest decline in seven months LUSAKA, ZAMBIA – Stanbic Bank Zambia’s Purchasing Managers’ Index (PMI) for September indicates that the rate of slowdown in Zambia’s private sector eased at its fastest rate since the COVID-19 outbreak. The monthly index – which is compiled in collaboration with IHS Markit – showed that Government’s decision to ease […]

Johannesburg, October 26, 2020: Over the past decade, Sub-Saharan Africa’s 4.1% average growth has outpaced the global average of 3.7%. The continent’s development has been fueled by the growth of sectors such as agriculture, infrastructure, oil & gas, mining and telecommunications. In 2020, the COVID-19 pandemic has severely impacted world economies and will disrupt Africa’s trajectory

JOHANNESBURG, 14 October 2020:  At a time when the rest of the world is re-thinking its approach to commercial agriculture, Africa has a clear opportunity to refresh its approach to the sector and become an emerging force. Big shifts are already happening in food production, land and water use, and the integration of agri-tech and […]

  Zambia has all it needs to be a tech giant in the region. The key lies in resisting the temptation to merely replicate global trends as opposed to focusing on learning from them to develop solutions tailored to our needs Zambia has in the last few months experienced a rapid acceleration in the adoption […]

Chamber of Mines calls on Government to offset VAT refunds owed to mines through tax exemptions to help support the sector through the pandemic era. Economic diversification should not prevent Zambia from exploiting its mineral wealth, says Stanbic Bank Zambia. The country’s largest bank has warned that while pushing for economic diversification is important, there […]

Zambia has one of the highest urbanisation rates in sub-Saharan Africa with an annual growth of 4.35 percent – a rate higher than the country’s population growth rate standing at 2.9 percent – according to the World Factbook. This rapid urbanisation has placed a significant strain on the local housing stock as the country struggles […]