The Zanaco team, led by our CEO, Mrs. Mukwandi Chibesakunda, announced the USD100million Zanaco Sustainability Bond, marking a significant milestone in our commitment to our sustainability journey. The Zanaco Sustainability Bond will be issued in 2 tranches, of which the first USD50million has been issued on private placement and announced this morning. The Bond, which is the first of its kind in Zambia, provides a new avenue to mobilise financing towards projects and businesses that promote environmental sustainability, social inclusion and long-term economic development.
The Honourable Minister of Green Economy and Environment, Dr. Gilbert Siame, graced the launch and commended Zanaco for leading the way in the sector and further emphasised the importance of supporting key sectors that align with the Grow Zambia agenda.
Also present at the event were the British High Commissioner, H.E. Rebecca Terzeon, Ms. Lyness Phiri Mambo, Director, Prudential Supervision Bank of Zambia, Mr. Mateyo Lungu, Director, Policy & Market Development – Securities Exchange Commission, Mr. Nicholas Kabaso, CEO Lusaka Securities Exchange and Mr. Chris Chijiutomi Managing Director and Head of Africa British International Investment.
As a home-grown bank, we are proud to have launched Zambia’s inaugural Sustainability Bond and remain committed to financing progress and creating lasting impact where it matters most.
