101
Finance
highly skilled and motivated workforce, using modern
technology to enhance profitability and shareholder
value.
Zambian International
Trade
& Inv
estment Centre (
ZITIC)
Sebastian C. Kopulande
Chief Executive Officer
1 Mutende Road
P.O. Box 10101, Lusaka
Tel: +260 211 261 950
Fax: +260 211 261 988
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itation &
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Zambian International Trade & Investment Centre
(ZITIC) is a business development consulting firm es-
tablished in April 2009, aimed at promoting Zambian
international trade and facilitating foreign and local in-
vestment. ZITIC provides consultancy and other sup-
port services to foreign and local investors wishing to
establish or expand their business in Zambia, lobby
the Zambian government on effective international
trade and investment policy, facilitate Zambian par-
ticipation in international trade and investment events,
etc. ZITIC supports international trade through the
promotion of Zambian exports and the representation
of foreign companies wishing to offer their products or
services in the Zambian market as well as the COME-
SA and SADC Regions. ZITIC promotes the develop-
ment of small and medium enterprises through vari-
ous services such as sourcing financing for business
growth, training, and facilitating access to both local
and export markets.
Currently, ZITIC is providing consultancy services to
the World Bank and the Ministry of Agriculture and
Livestock as the Investment Support Fund Adminis-
trator for the Irrigation Development Support Project
(IDSP) valued at 101 million USD for 30 months start-
ing in April 2014.
Zanaco
Bruce Dick
Managing Director
Zimco House, Cairo Road
P.O. Box 33611, Lusaka
Tel: +260 211 221 358
Fax: +260 211 223 082
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Zambia National Commercial Bank, commonly re-
ferred to by the name “Zanaco”, is a commercial bank
in Zambia. It is one of the commercial banks in the
country, licensed by Bank of Zambia, the national
banking regulator.
Zanaco was established by the Zambian Government
in 1969 to foster national development and has, over
the years, been instrumental to the country’s progress
through various achievements.
It has historically been involved in the financing of
development projects in all sectors of the Zambia
economy. It was key in providing affordable banking
services to the Zambian people and infrastructure
development in the unbanked rural and urban areas.
The underlying mission of Zanaco is to be the “Peo-
ples Bank,” by ensuring that the Zambian population
has access to banking services.
Over the years, Zanaco has grown to become one
of Zambia’s leading banks in terms of customer de-
posits, total assets, and branch network. In 2007, Za-
naco was partially privatized when Rabobank of the
Netherlands acquired 49 percent of the Government’s
interest in the bank. This privatization represented a
repositioning on the market in terms of the products
that they offer and the quality of the service delivery.
In 2008, Zanaco was listed on the Lusaka Stock
Exchange. Rabobank currently holds a 46 percent
stake in the company while the government holds a
25 percent stake, and the Zambian public holds a 29
percent interest in the bank. Therefore, as the bank is
more than 50 percent owned by Zambians, it is con-
sidered to be “citizen owned.”
