Stanbic reaffirms commitment to empowering Zambia’s transport sector to drive economic growth

Stanbic Bank Zambia has reaffirmed its commitment to supporting the country’s transport and logistics sector, citing its strategic role in driving economic growth through enhanced trade and commerce.

Speaking at the just-ended 2025 Annual Land-Linked Zambia (LLZ) Conference & Exhibition in Lusaka, the bank’s Chief Executive, Mwindwa Siakalima, said Zambia’s geographic positioning makes it a natural transport hub, with major trade corridors passing through the country.

“With increased trade and commerce, especially in the mining sector, Zambia presents vast opportunities for transport and logistics players. The bank stands ready to provide tailored financing solutions to unlock the sector’s full potential,” he said.

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Held in partnership with the Ministry of Transport and Logistics, this year’s conference took place under the theme “Embracing Smart Transport Corridors in Africa.”

Siakalima noted in a statement that the bank had long supported the conference and views the transport sector as central to economic transformation.

He praised the Zambian Government’s implementation of the National Transport Policy Implementation Plan, aimed at creating an integrated intermodal transport system linking road, rail, air, and water modes by 2028.

He also highlighted the Ministry of Commerce’s border development strategy, which seeks to modernise border infrastructure, boost intra-African trade under the African Continental Free Trade Area (AfCFTA), and spur growth in border communities.

“The success of these policy reforms will require robust resource mobilisation and the commitment of sector players. Stanbic is proud to be part of this journey by offering tailored finance solutions that support regional trade integration,” Siakalima stated.

With Zambia linked to eight neighbouring countries, Siakalima said the nation’s transport corridors offered immense opportunities for integration into the regional logistics value chain.

He pointed to Zambia’s copper production—over 820,000 metric tonnes last year—as a key driver of increased transport demand.

“As mining productivity grows, it creates ripple effects in transport and logistics. The financial sector must play a leading role in enabling that growth through financing, fleet management solutions, cross-border payments, and insurance,” Siakalima said.

He added that the bank remained committed to inclusive growth by equipping transporters with innovative tools to thrive in a competitive and integrated market.

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