StanChart launches new $40 million headquarters in Zambia

Standard Chartered Bank has officially opened its new $40 million headquarters in Zambia

The President of the Republic of Zambia, Hakainde Hichilema, officiated at the event and unveiled the plaque for this iconic, energy-efficient building located in the new business district of Lusaka, Zambia.

Speaking at the event, Sunil Kaushal, Africa and Middle East Regional CEO for Standard Chartered Bank, reaffirmed the Bank’s continued commitment to Zambia as a key market and thanked the Zambian government for its partnership. in key sectors of the economy.

He said: “Standard Chartered remains firmly committed to Zambia – a commitment which is clearly demonstrated by our investment in a new head office, as well as further investment in digital banking capabilities and key infrastructure projects. We continue also to invest in community initiatives such as Women in Tech, our flagship Futuremakers program, which aims to increase the participation of women by enabling them to grow their businesses through technology.

Herman Kasekende, CEO of Standard Chartered Bank Zambia, said: “Standard Chartered Bank has a long history in Zambia dating back to 1906 when the first branch opened in Kalomo. We remain firmly committed to Zambia and the time has come for us to consider a new location for our brand. It was also a good time for us to reaffirm our long-term commitment to Zambia and that is why we chose this new location in the emerging business district of Lusaka. He added, “That’s why in my recent interactions with key ministries, I spoke about this new building with passion and pride.”

Hichilema, said the new head office is real estate that becomes part of the national balance sheet, and underlines Standard Chartered Bank’s stamina, commitment and desire to build a better Zambia.

Standard Chartered was the first bank to open in Zambia in 1906. 115 years later, the Bank has shared its pride in being a pioneer in banking through various innovations. These include the very first – and only – end-to-end digital bank in Zambia where customers can open an account through the SC Mobile Banking app, without the need to physically visit a branch. The bank’s new headquarters, as it is the very first EDGE-certified building in Zambia, according to a statement from Standard Chartered.

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