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Stanbic champions investment in Zambian mining sector

Stanbic champions investment in Zambian mining sector

February 07
18:00 2017
Stanbic Bank-championing Zambian mining at the Investing in African Mining Indaba.

Stanbic Bank-championing Zambian mining at the Investing in African Mining Indaba.

Bankers attend global mining indaba in South Africa

LUSAKA, ZAMBIA – A high-powered delegation of bankers from Stanbic Bank Zambia was in South Africa this week to highlight the importance of mining to the Zambian economy and promote investment in the sector.
The delegation was joining its parent group Standard Bank, which is sponsoring the 2017 Investing in African Mining Indaba being held in Cape Town.
Stanbic has invested more than US$3 billion in the Zambian mining sector over the past ten years, believing the industry is a key growth sector of the national economy despite the challenges the sector is facing.
The four-day event Investing in African Mining Indaba connects the world with African mining companies and was officially opened by South Africa’s Minister of Mineral Resources H.E Mosebenzi Joseph Zwane on Monday.
Speaking at the conference, Stanbic Bank Zambia Public Relations Manager Chanda Katongo, said the event was important for Zambia and Africa as a whole.
“We are happy to be associated with the Mining Indaba. We are proud that Standard Bank, of which we are a part of, is a main sponsor of this event. We believe mining is an important aspect in the growth of economies in Africa. There is also need for more investment in the sector,” she said. “We are hopeful that this event will come up with good and sustainable plans for the African mining sector.”
Zambia’s Mines and Minerals Development minister Christopher Yaluma was among those attending the African Mining Ministerial Forum Conference. Others included Global Economist and Author Dambisa Moyo who spoke on the ‘Global economic headwinds: What does this mean for Africa and the mining community?
The 2017 Mining Indaba included interactive presentations, panel discussions and enhanced networking opportunities, designed to support the current challenges faced by countries. Among other key topics and discussions included country case studies, networking and sustainable development.
The event is the world’s largest gathering of mining’s most influential stakeholders and decision-makers in African mining. It unites investors, mining companies, governments and other stakeholders from around the world to learn and network, all toward the single goal of advancing mining on the continent

Stanbic Bank: championing Zambian mining at the Investing in African Mining Indaba.
About Stanbic Bank Zambia Limited
Stanbic Bank Zambia Limited is part of the Standard Bank Group, Africa’s largest bank by assets.  The Standard Bank Group, with strong African roots and leader in emerging markets, has on-the-ground representation in 20 African countries
Stanbic Bank Zambia Limited is the largest bank in Zambia by balance sheet, offering a full range of banking and related financial services. The Bank is well capitalized and its capital position is above the regulatory minimum.
The Bank which has close to 60 years’ operating experience has a huge network of branches countrywide offering full spectrum of financial services from retail to corporate and investment banking
Our strategy is to be the leading financial services organisation in, for and across Zambia, delivering exceptional client experiences and superior value. We believe we can achieve this as Zambia is our home, we drive her growth. The Bank has been an integral part of the Zambian economy and is a leading player in the country’s financial services sector.

Gillian Langmead LLB (Hons), MBA, CIPR Accredited Practitioner, CIM Affiliate, AZIM
Managing Director

Tel: +260 (979) 060705
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