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ZANACO Plc Chief Executive Officer Mukwandi Chibesakunda says the bank will use the Investing in African Mining Indaba as an opportunity to dialogue with key stakeholders in the mining value chain.
Chibesakunda said the Indaba taking place in South Africa presented opportunities, challenges and solutions to grow the mining sector across the continent.
She said in a statement on Sunday that mining being the main driver of Zambia’s economy, ZANACO would continue supporting the growth of the sector.
“The mining sector is the largest taxpayer and largest private sector employer and as ZANACO, we need to ensure that it plays this role effectively by giving it as much support as possible,”Chibesakunda said.
She said the bank’s loan portfolio to the mining sector stands at US$74.1 million.
A delegation from ZANACO comprising of the board and management is in Cape Town, South Africa for the annual mining conference.
The bank ‘s team is being led by board Chairman Patrick Wanjelani said the bank had joined other industry and government leaders from across the globe attending the conference.
The conference will start from February 6 and ends on February 9, 2023 respectively.
The Investing in African Mining Indaba seems to be the largest mining investment event in Africa with a proven track record of bringing together ministers, senior government representatives, mining companies, mid and junior Miners, investors, professional services as well as mining equipment providers and commercial banks.
Zambia’s minister of mines and minerals development Paul Kabuswe is representing Zambia at the conference to be attended by South African
President Cyril Ramaphosa and Democratic Republic of Congo president Félix Tshisekedi.
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