Stanbic says its deep industry insights helping Zambia’s mining sector to scale

Stanbic Bank Zambia says its deep insight of Zambia’s mining industry has helped the bank to scale its financing solutions in the sector.

The bank had so far invested more than US$2 billion in Zambia’s mining industry, Stanbic Bank Head of Corporate and Investment Banking Helen Lubamba said in a statement in Lusaka on Sunday.

Lubamba said Zambia had the potential to unlock mining investment in the extractive industry in view of the high copper prices, renewed commitment to increase power generation capacity and stable mining policies.

She indicated that the bank had provided US$2 billion worth of investment in the country’s mining sector.

“With over US$2 billion worth of financing to the mining sector in Zambia, we have, the undisputed deep-country and mining insights that help our clients navigate the local market and guide them through the sector dynamics.

“Through our in-depth knowledge of our markets, we can support the right investment decisions. Our large footprint in 20 countries across the continent positions us to provide the insights and financial tools to help clients and investors alike,” she said.

Lubamba indicated that Zambia had a stable political landscape, consistent economic policies and secure democratic dispensation making Zambia an ideal investment destination.

She was speaking ahead of the Investing in Africa Mining Indaba 2023, starting Monday in Cape Town, South Africa.

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