ZANACO Bank launches new product to promote renewable energy investments

ZANACO Bank has introduced a new financing product to promote the adoption of renewable energy in Zambia.

Head of Communications, Kyembe Kyalusanza, announced that the initiative aimed to help businesses and individuals invest in sustainable and reliable power sources, addressing the country’s power crisis.

The new Vehicle Asset Finance product aligns with the bank’s 55th anniversary and Zambia’s 60th anniversary celebrations.

Kyalusanza said that the product offered flexible and affordable loans for acquiring vehicles and equipment needed for renewable energy projects.

This move supports the shift to cleaner energy and enhances energy security for Zambians.

Acting Chief Executive Officer, Kalakaya Itwi, stated that the Vehicle Asset Finance product would facilitate the acquisition of essential assets, driving sustainable development and economic growth.

“By offering tailored financing options, we aim to empower individuals and businesses to adopt clean energy technologies, reduce reliance on traditional power sources, and foster a greener, more resilient future,” Itwi said.

Additionally, Itwi noted that the product also provided loans for retail and corporate customers to acquire vehicles, phones, and laptops.

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