Business

Mercury to set up construction bank

CHITOTELA

HONE SIAME, Lusaka
MERCURY Asset Partners, an American company, plans to set up a construction bank in Zambia with an initial investment of US$600 million to support the growth of the sector.Minster of Housing and Infrastructure Development Ronald Chitotela said in an interview that the establishment of the bank will transform the construction sector and create more jobs for Zambians.
Mr Chitotela said financing problems being faced by some local contractors will also be a thing of the past because the bank will be on hand to provide them with credit facilities.http://epaper.daily-mail.co.zm/




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