‘Zambia’s growth unmatched’

By Business Reporter

ZAMBIA is at the threshold of unprecedented economic growth in trade and business which is unmatched anywhere in the region, Stanbic Bank Zambia Limited managing director Dennis Kennedy has said.

And Southern Province Permanent Secretary Gladys Kristafor has said the Government was planning to transform the face of Livingstone into a modern city.

Mr Kennedy noted that the World Bank ranked Zambia the 10th in the world in Doing Business reforms hence his bank was convinced that Zambia’s economic growth was unmatched in the region.

He was speaking in Livingstone yesterday during the launch of Stanbic Bank Livingstone branch.

Mr Kennedy said Stanbic had noted tremendous economic potential in the Southern Province where it would be opening another branch in Choma next year to join its existing network in Mazabuka and Kafue.

“As all eyes and attention of global business focus on Africa, Stanbic Bank is well aware that some of the various global brands in tourism, air travel and other services are actively assessing business opportunities in Livingstone.
“We are aware of tremendous infrastructural investment that has been ploughed into Southern Province by the Government among them the Zimba to Livingstone road as well as the Livingstone to Sesheke road,” he said.

The recent launch of Chirundu One Stop Border Post (OSBP) and planned construction of a permanent bridge at Kazungula border would stimulate investment to the area.

Mr Kennedy invited all Livingstone residents from personal, small businesses to large corporate organisations to sample its unique financial and customer friendly products.

And Ms Kristafor said the Government had plans to transform the face of Livingstone into a modern metropolis through the setting up of appropriate infrastructure.

In a speech read for her by acting Livingstone District Commissioner Godwin Sanjase, Ms Kristafor said the Government was determined to improve Livingstone and ensure that Stanbic Bank and other investors did not regret coming to Zambia’s tourist capital.

Livingstone Tourism Association (LTA) chairperson Kingsley Lilamono commended Stanbic Bank for bringing development to the city.

Mr Lilamono said the opening of branch in Livingstone would enable tourism operators access the much needed development finance

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