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ZANACO Bank has reaffirmed its commitment to positioning itself at the forefront of facilitating investment, pledging to support Japanese investors across all sectors with a range of tailored financial services.
Speaking during the Zambia National Day Business Forum at the Osaka 2025 World Expo, ZANACO Executive Head Client Solutions, Chanda Chime Katongo, outlined the bank’s trade finance solutions, which included letters of credit, guarantees, and import/export financing.
Katongo further highlighted ZANACO’s capacity to provide project financing for infrastructure, renewable energy, and industrial ventures.
She added in a statement issued in Lusaka on Sunday that the bank also offered corporate banking services, investment advisory support for market entry and expansion, joint venture facilitation, and digital banking tools for seamless transactions and treasury operations.
While Japan’s exports to Zambia currently exceed US$479 million, Zambia’s exports to Japan stand at less than US$1 million, according to data from the Zambia Development Agency.
“Zambia and Japan have enjoyed a long-standing relationship rooted in mutual respect and a shared commitment to inclusive development. Over the years, Japan has provided significant technical support in areas such as education, agriculture, infrastructure, science, and technology — support that has helped shape key sectors of Zambia’s economy,” Katongo said.
She emphasised that the forum provided a valuable platform to promote trade and investment, foster dialogue between public and private sector players, and showcase Zambia’s strategic opportunities in sectors such as mining, agriculture, infrastructure, energy, manufacturing, and tourism.
Katongo also underscored Zambia’s strong investment proposition, noting that the economy was on a positive growth path, projected to expand by an average of six percent this year.
She attributed this outlook to a revitalised mining sector, a bumper maize harvest, improved energy supply, and robust policy measures promoting private sector-led growth.
“Our government has implemented meaningful reforms to create a stable and predictable macroeconomic environment. These include streamlined regulatory frameworks, tax incentives, and deliberate efforts to enhance the ease of doing business,” she said.
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