StanbicSeptember 2, 2022

Stanbic Zambia CEO Applauds Government’s $1.3 billion ECF from IMF
Stanbic Zambia has extended a congratulatory message to the Zambian President and his team on the significant milestone towards enhanced home-grown economic reforms through the securing of the Board approval from the IMF for an extended credit facility.   “Allow me to congratulate the President of the Republic of Zambia Mr. Hakainde Hichilema and indeed […]

StanbicMay 20, 2022

Zambia’s Banking Sector Poised to Leverage on DRC – Zambia MOU
The signing of the Democratic Republic of Congo (DRC) – Zambia Memorandum of Understanding (MOU) has potential to create additional business for financial institutions with presence in both countries. In April 2022, Zambia and DRC signed a Cooperation Agreement to manufacture electric batteries. This historical cooperation agreement is aimed at facilitating the development of value […

StanbicMay 12, 2022

Stanbic Zambia Bullish on Post Mining Indaba 2022 Prospects for Zambia
One of Zambia’s leading banks has expressed optimism on the prospects of Zambia’s mining sector considering recent pronouncements at the 2022 edition of the Mining Indaba, according to an interview with Financial Insight Zambia who are covering the event.   During the 30-minute conversation with the Founder of this website, CEO Mwindwa Siakalima found his […]

Banking, StanbicDecember 22, 2020

BUSINESS CONDITIONS STABILISING AS DEMAND PEAKS UP – STANBIC
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 […]

Banking, StanbicOctober 30, 2020

‘FINANCIAL INSTITUTIONS MUST DO MORE TO HELP THE PUBLIC SAVE’ – STANBIC CE
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 […]

Banking, StanbicOctober 29, 2020

SAVING IS KEY TO SUSTAINABLE GROWTH BOTH AT INDIVIDUAL AND BUSINESSES LEVEL
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 […]

Banking, StanbicOctober 27, 2020

PRIVATE SECTOR SLAMS BRAKES ON DOWNTURN
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 […]

Banking, StanbicOctober 26, 2020

Standard Bank gathers entrepreneurs, corporates and government to discuss investment opportunities between Africa and Brazil
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

Banking, StanbicOctober 14, 2020

New investments will give Africa the lead in agri development
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 […]

Banking, StanbicOctober 5, 2020

ZAMBIA NEEDS TO LOOK WITHIN FOR DIGITAL INNOVATIONS – STANBIC
  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 […]