The growth in profitability was driven by the increase in total operating income and the astute management of costs and impairments. Total operating income grew by 34 percent (K1.3 billion), driven mainly by the increase in interest income by 22 percent (K850 million), supported by the growth of the loan book and the 128-percent (K770 million) growth in treasury trading income
Leading banks in the country, such as Zanaco, Standard Chartered, and Access Bank Zambia, have introduced mobile apps and USSD-based services to cater to the growing demand for convenient banking services.
The key to success lies in fostering collaboration and treating mining companies as allies rather than adversaries. When implemented thoughtfully, a Local Content SI can become a cornerstone of Zambia’s economic development, creating a win-win scenario for the mining sector, local businesses, and the nation as a whole.
The IMF holds up Zambia as a reform success story, particularly praising our energy subsidy reforms which saved about $800 million annually. Yes, these measures bring stability – but stability alone won't transform our economies.
If Zambia can capture just 20% more of the copper value chain, it could add an estimated $2 billion annually to its economy. With the global copper market projected to reach $342.1 billion by 2027, the opportunity cost of inaction is immense.
South Africa’s Black Economic Empowerment (BEE) initiative, while well-intentioned, offers a cautionary tale for Zambia. Launched to integrate marginalized communities into the economy, BEE has faced significant criticism for its structural failures:
In response to the growing demand for digital financial solutions, ZICB has invested heavily in digital banking infrastructure. The bank’s mobile banking platform and online banking services provide customers with convenient and secure ways to manage their finances, whether for personal banking, business transactions, or accessing loans.
Understanding these stages of lithium-ion battery production helps us understand the value created at each stage and the potential revenue gains each stage possesses. The lithium economy is projected to jump to $400Bn by 2030 from $85Bn in 2022.
Regulatory constraints also pose challenges to the sector. The Bank of Zambia (BoZ), has worked to improve the regulatory framework but there is still much to be done. A need remains for more investor-friendly policies and a stronger enforcement of existing regulations to ensure that the banking system remains stable and trustworthy
With the continuous expansion of its services, ZNBS has been able to reach individuals in remote parts of Zambia, offering them the opportunity to access secure financial services and support.
