President Hakainde Hichilema has charged that Zambia’s economy greatly needs investment and his administration is committed to fostering private sector development.
President Hichilema said that the private sector is at the top agenda of his administration’s economic turnaround objectives.
He has disclosed that his government will this month launch the public-private partnership dialogue for development, an instrument that will create a dialogue process with the business sector on a routine basis with the government.
President Hichilema was speaking in Lusaka yesterday when he officially launched the futuristic 40 million dollars energy-efficient greenhouse standard chartered bank head office.
And speaking earlier standard chartered bank Zambia Chief Executive Officer Herman Kasekende said that the bank has invested massively in digital technology and increasing financial inclusion.
Mr Kasekende further said that the bank is playing a pivotal role in its partnership with the government by being a bridge for direct foreign investment into Zambia.
Meanwhile, Standard Chartered Bank Chief Executive Officer for Africa and Middle East Sunil Kaushal said that for the 115 years the bank has been in existence in Zambia, it has been a facilitator of capital into the economy.
Mr. Kaushal said that the bank is committed to investing in communities under three pillars namely education, employment creation and entrepreneurship.
I thought this bank was closing. They only have one branch at farmers house, and the waiting line is unbearable. One day I joined the queue at 09:00hrs only to be served at 15 hrs.
And they will tell you to use the atms which don’t work. I now use Indozambia ku industrial area. I spend 5 to 10 min in the bank.
Haha whole president commissioning a mere office. Atleasr ecl commissioned big projects like bridges and infrastructure
There is no Stanchart branch between Chingola and Chililabombwe. This explains why in-house banking is so overcrowded.
Stanchart is just an unfriendly bank. It is moving away from personal to corporate banking but could have done so properly. It closed branches nationwide at the end of Dec. 2020 without notifying affected clients. That is just unprofessional with so many ways to communicate. The bank forgot that it has (now only those who live in Lusaka and Ndola?) clients with foreign currency accounts and that you cannot withdraw foreign currency from an ATM. I too spent countless hours for three days just closing my account as I could not be driving for a whole day just to withdraw cash. In addition to that my ATM card had expired end of November 2020. How possible is it for Lusaka to be served by only two bank sites: On Cairo Road near Kabwe Roundabout and the head office?