Economic growth sectors given K70bn

COMACO Community Markets for Conservation workers parking peanut better after processing in the plant at (COMACO) officers in Chipata. PICTURE: ROYD SIBAJENE/ZANIS

STANBIC Bank Zambia has provided K70 billion in the last five years to support and finance key economic growth sectors driving the country forward.

Giving an update on corporate investment banking last week, chief executive officer Charles Mudiwa said the financing investment was targeted at different sectors namely power, infrastructure, real estate, agriculture, mining and energy, and small medium enterprises.

He said Zambia’s economy is recovering due to a combination of factors such as good policy environment, re-emerging global and domestic positive trends.
“There is optimism things are turning around; we are projecting a positive economic outlook due to…

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