We celebrated the successful close of a USD 250 million syndicated facility for United Capital Fertiliser — the largest locally arranged syndication in Zambia’s history.
Zanaco proudly served as Lead Arranger and Majority Lender, working in collaboration with Stanbic Bank, Access Bank, First National Bank, Indo Zambia Bank, Ecobank, Zambia Industrial Commercial Bank, and African Life Financial Services. This powerful partnership demonstrates the strength of Zambia’s financial sector when institutions unite with a shared vision.
The investment will boost the agriculture sector, secure food production for Zambia, and unlock opportunities for fertiliser exports across the region.
Speaking at the event, our Board Chairman, Prof. Oliver Saasa, reaffirmed Zanaco’s commitment to always putting Zambia first and highlighted the power of collaboration in driving national development. In his remarks, the Group CEO of Wonderful Group, Mr. Huang Yaochi, expressed gratitude to Zanaco for its unwavering support on the company’s growth and expansion journey.
Together, we have proven that unity in our financial sector can deliver meaningful impact for industries, communities, and the future of our country.
