Sonny Zulu, CEO of Standard Chartered Bank Zambia, claims that Zambia is on the right route.

According to Sonny Zulu, CEO of Standard Chartered Bank Zambia, “ZAMBIA is on the right track” as a result of the country’s outstanding new economic possibilities and restored faith in the economy. Mr. Zulu indicated that Zambia is one of Standard Chartered Bank’s key markets in Africa. “Standard Chartered has been operating in Zambia for…

Mr. Zulu indicated that Zambia is one of Standard Chartered Bank’s key markets in Africa. “Standard Chartered has been operating in Zambia for over 115 years now – we are immensely proud of our rich history, deep-rooted knowledge and experience of operating here. We continue to lead the way in digital banking innovation and our acclaimed community initiatives, amongst others. Our iconic new Head Office building, launched this year by His Excellency, President Hakainde Hichilema, has brought a renewed sense of pride for Standard Chartered to call Zambia ‘home’ – it re-affirms our long-term commitment to being Here for good.”

Mr. Zulu added, “We have all seen the positive sentiments in the key drivers of our economy. Central to this is the recent announcements by major mining companies to approve new multi-million Dollar projects and expansion of their operations, which is set to increase copper and gold production by about 25%. More important, such new investments demonstrate the renewed confidence in Zambia’s economic growth trajectory.”

Additionally, Mr. Zulu stated that the debt restructuring agreement, which is anticipated to be finalized in due course, is anticipated to receive preliminary clearance for an IMF support package of US$1.4 billion.

According to Mr. Zulu, these and numerous other recent events will work as a catalyst for increased economic growth, business prospects, and foreign investment in Zambia. He emphasized, “Zambia is, in fact, on the right route.