Economy

StanChart lends support to hosting of business forum, commits to supporting trade in COMESA region

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Standard Chartered Bank Zambia has injected K600,000 towards the hosting of the COMESA Business Forum to be held in Lusaka on Wednesday.

The business forum will be held under the theme “Economic Integration for a Thriving COMESA Anchored on Green Investment, Value Addition and Tourism.”

Read more: Standard Chartered moves to support entrepreneurship in Zambia

Standard Chartered Bank Zambia Chief Executive Officer, Sonny Zulu, said the sponsorship was part of the institution’s commitment to support trade and business growth in the COMESA region.

He pointed out that Standard Chartered Bank, globally handled US$553 billion worth of trade throughout, which was approximately two percent of the world’s global trade estimated at US$27 trillion.

“Our purpose is to drive commence and prosperity through our unique diversity. We are proud to support the COMESA Business Council to host this flagship event, the COMESA Business Forum,” Zulu said.

He said on Tuesday when he announced the sponsorship in Lusaka that the COMESA region had huge potential for business growth and development.

COMESA Business Council Chief Executive Officer, Teddy Soobramanien, said the contribution demonstrated the bank’s commitment towards ensuring digital financial inclusion for the business community and ultimately sustainable development.

Soobramanien noted that such partnerships were essential to drive financial inclusion.

He stated that the forum was a mutual sectoral platform for the promotion of quality products and services that were currently breaking down in terms of high value and demand, in regional and international markets.

“Our partnership with the bank is a key towards advancing greater access to financial services for Micro Small and Medium sized businesses as well as businesses with limited resources.

“With this support, the bank can take pride knowing that it was making a powerful and transformative impact on the digital financial inclusion space and private sector development,” he said.

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