Musokotwane says they are indications that the global economic downturn was coming to an end.
Mr. Musokotwane says one of the indicators is the steady increase in the price Copper on the international market.
He was speaking in Lusaka yesterday when he officially opened a Standard Chartered Bank Zambia Excel branch centre at Intercontinental Hotel in Lusaka.
Mr. Musokotwane has since urged commercial banks to offer affordable lending rates to the public to cushion the impact of the global financial crisis.
He said such transactions are of mutual benefit to both the commercial banks and the general public because they help to commercial banks remain afloat while individuals would also grow their businesses.
Mr. Musokotwane pointed out that some commercial banks in America faced closure because they had stopped lending in the face of the global economic downturn.
He commended Standard Chartered Bank for striving to spread its presence in the country.
Mr. Musokotwane said the Bank’s move to introduce new products on the market was the surest way of improving the economy through the creation of jobs.
Speaking earlier, Standard Chartered Bank Zambia Chairperson, Micheal Mundashi said the opening of the centre demonstrates the bank’s quest for excellence of service to clients.
Mr. Mundashi added that opening the centre at a time when banks are faced with extraordinary challenges brought about the global recession is further testimony of the bank’s belief in long-term commitments.
He further said that as a leading bank, in Asia, Africa and the Middle East, Standard Chartered Bank has international expertise which enables it to continuously introduce new and innovative products and services that are uniquely designed for this market.
The Excel centre opened today by Standard Chartered Bank Zambia is the second excel centre this year bringing the total to six in the Lusaka.
ZANIS