ZANACO boss calls on stakeholders to collectively intensify efforts at reducing carbon emissions


Statistics indicate that a typical passenger vehicle emits about 4.6 metric tonnes of carbon dioxide per annum, according to ZANACO Chief Executive Officer Mukwandi Chibesakunda.

Chibesakunda said this was a major cause of global warming and it was necessary that stakeholders collectively intensify efforts at reducing carbon emissions in order to save the environment.

She said this during the handover of the electric vehicle to the winner of the Deposit, Save and Win mobilisation campaign Grand Finale in Lusaka on Tuesday evening.

Chibesakunda emphasized that as a home grown bank, it remained committed to a number of incentives.

She said part of the incentives included the US$50million ZANACO-British International Investments Loan facility to Small Medium Enterprises and Women led business with a focus on green project.

“We are currently running a green innovation challenge where we are empowering sustainability driven businesses including but not limited to clean water and sanitation, responsible consumption and production and climate action with coaching, mentorship and access to a grown network of innovators in Zambia,” Chibesakunda said.

She said the top three finalists would receive seed funding of K750,000, K500,000 and K250,000 respectively with a total prize money of K1, 500,000.

Chibesakunda further said the aim of the Deposit, SAVE and Win campaign was to reaffirm the bank’s appreciation for each of the banks customers who have been with the financial institution for over 54 years.

“Between August 2022 and July 2023, we have given away 600 shopping vouchers valued at K1.2 million and conducted 120 trolley dashes worth up to K600,000,” she said.

Gracing the event on Tuesday, Ministry of Green Economy and Environment Permanent Secretary, Doubty Chibamba, reiterated government’s commitment to a green and sustainable development in Zambia.

“Therefore, I wish to commend ZANACO management for its continued support in the green agenda.

Just a few weeks ago, the bank launched the green Innovation Challenge which is an 18 months programme aimed to identify, support and scale proving sustainability focused solution,” he said.

Read More: Initiative to support sustainability-focused businesses launched

Chibamba said the challenge is embedded in Sustainable Development Goals (SDG) 6, 12 and 13 and underpinned by SDG 9.

The electric vehicle under the Deposit, Save and Win ZANACO mobilisation campaign was won by a Zambia Sugar employee, Lephias Munsaka.

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