Stanbic says mining remains crucial to Zambian economy
CAPE TOWN – Stanbic Zambia says mining remains a significant sector of the southern African country's economy as it generates the largest amount of revenue for the government through taxes.
"As the second largest copper producer in Africa, we are poised to further develop the mining sector," Stanbic Bank Zambia’s head of corporate and investment banking Helen Lubamba said in a statement issued at this week's international 'mining indaba' in Cape Town.
She said the bank had invested more than $3-billion in mining in Zambia over the past decade, reflecting its conviction that the sector was key to economic growth.
The mining industry is the largest employer in Zambia after the government.
"Even as we move to be a more diversified economy, mining plays a big role in this development of diversification," Lubamba said.
Agriculture and agri-business has been one of the main focuses for the bank, which has invested over $155-million invested in the sector.
It has lso injected more than $150-million and $385-million into infrastructure development and energy respectively.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation