Zambia
Zambia’s growth has been steady and consistent, averaging close to 7% since 2000. With a measure of dependence on copper mining and gradual progress in social and human development, improvements in governance, policy developments and fiscal discipline are supporting economic performance.
Zambia at a glance

Zambia is looking at opportunities to diversify its economy, further harnessing rich natural resource reserves with supporting private investment in manufacturing and enabling other sectors such as tourism.

Domestic demand will be well-supported by growth in government expenditure (including infrastructure projects), a rise in private sector consumer spending and significant foreign investment. A focus on job creation, poverty reduction and HIV/Aids is crucial to achieve broad-based transformation.

Quick view:

  • Population: 15 090 000
  • Nominal GDP: USD25.66 billion
  • Real GDP growth: 5.4%
  • Consumer inflation: 7.4%

* 2015 forecast

Sector expertise in Zambia

In Zambia, growth is being driven by expansion in agriculture, construction, manufacturing, transport and finance. With volatile commodities prices, copper mining production volumes have decreased, highlighting the importance of national policy shifts to further diversify the local economy.

Growth in other sectors is expected to remain robust, supported by infrastructure development and improvements in the business environment.

As a global leader in commodity-related financial services, we are well-positioned to realise significant opportunities and risk mitigation for our clients in Zambia's primarily commodity-driven economy. While mining still accounts for the bulk of foreign earnings, agriculture is a vital sector with maize, tea and sugar grown commercially. Significant opportunities also exist in sectors such as telecommunications, and power and infrastructure.

Read more about Standard Bank Group’s sector specialism.

Products and services in Zambia

Stanbic Bank Zambia operates dedicated corporate and investment departments, providing services to local businesses, international organisations and the public sector. Our products and services include:

  • Transactional services
    • Cash management
    • International trade services
    • Custodial services
    • Online banking
  • Debt and equity finance
    • Term lending
    • Asset finance
    • Structured trade and commodity finance
    • Project finance
  • Trading and risk management
    • Foreign exchange
    • Interest rates
    • Money markets
    • Commodities
    • Corporate advisory services

Dedicated client relationship managers provide a single point of entry into Standard Bank's full financial services competencies.

Read more about corporate and investment banking solutions for your business.

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Contact us

Stanbic Bank Zambia Limited

Stanbic House
Head Office
Plot 2375
Addis Ababa Drive
Lusaka
Zambia

 +260 211 37 0000 – 18

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