A visiting Standard Chartered Bank Chief Financial Officer Mahendra Gursahani has expressed dismay at investors who only invest in good times .
Mr. Gursahani said genuine investors stick by their commitments in good times as well as in bad times.
He said Standard Chartered Bank believes in making long-term commitments that over-ride short term challenges.
Mr. Gursahani disclosed that Standard Chartered Bank will this year be celebrating its103rd year of unbroken operations in Zambia.
The chief Financial Officer said genuine partnership should be a continuation of a long and successful history, adding that Standard Chartered Bank Zambia will continue to remain an integral part of the local economy.
Mr. Gursahani told ZANIS in an interview today that his bank will continue to support local and international businesses in order to drive economic growth.
He has since commended Government for creating an enabling environment for investors to invest in the economy in order to enhance socio-economy development of the country.
Mr. Gursahani said the Bank will continue to use its international expertise and capabilities to introduce new, innovative products and services into the Zambian market, so as to support the rapid sophistication of financial services sector and the wider economy.
ZANIS/PM/MKM/ENDS.
The only type of investors who wont pull out their investments in bad times are the native investors because of the patriotic factor. All other foreign investors are always quick to retreat and that’s their natural right. I’m sure Mahendra also knows that, or is she/he just trying to sound nice?
mmmmmmakes a lot of sense
The atmoshere for investment for an indigenous Zambia with a little extra Kwacha back home is unalluring with loads of tucks and tumbles to overcome, let alone the unjustifiably sky high taxes. There seems to be preference for people speaking a foreign language with preferably a lighter skin tone, even when all they will sell are ill-tailored shirts. Only they warrant tax exempts. Any way what do we do? For me I will wait for Michael Jackson to come in my backyard in June to ask him where he went for his skin transplant. I ‘m already working on my accent. What this space Zambia. I need my tax exemption when I come there to open shop as Mr Money Benders. I for sure will earn my easy ride.