ZANACO’s Chinese business portfolio hits $200m
Published On April 8, 2024 » 1366 Views» By Times Reporter » Business, Stories
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. Chibesakunda

By ANDREW MULENGA –
THE Zambia National Commercial Bank (ZANACO) lending portfolio to Chinese businesses has reached close to $200 million from October last year to date.
ZANACO chief executive officer Mukwandi Chibesakunda says currently, the bank’s total Chinese companies banking with the commercial bank have reached 259 accounts.
Ms Chibesakunda said during a meeting with the Chinese business community in Lusaka at the weekend that the accounts spanned across manufacturing, agriculture and transport sectors.

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