The Workers Compensation Fund Control Board (WCFCB) and Standard Chartered Bank have entered an agreement aimed at providing loans to WCFCB employees.
Speaking during the signing ceremony, WCFCB Chief Executive Officer (CEO), Elizabeth Lungu said the Memorandum of Understanding (MOU) commits the two parties to work together more closely towards the common goal of empowering employees.
“I am very confident that with our concerted efforts, the MOU we are about to sign toady will deliver the benefits it promises. My colleagues and I look forward to working closely with you in the years to come”, she said.
Ms Lungu also expressed optimism that through efforts and commitment, the two parties will be able to achieve more out of the relationship adding that they will be able to develop stronger business relationships.
And Standard Chartered Bank, Head Client acquisition, retail clientele, Kaumba Kapaku said that the employee banking partnership between the WCFCB and Standard Chartered will deepen the corporate banking relationship.
He added thatches will enable employees of the Board to access personal financing at competitive interest rates to enable them undertake personal projects such as among them acquire land and build houses.