By BUUMBA CHIMBULUPROGRESS around debt restructuring discussions and an International Monetary Fund (IMF) funded programme could positively impact Zambia’s economic trajectory this year.This is according to Standard Chartered Bank Zambia Plc’s financial results for the year ended December 31, 2020 posted on the Lusaka Securities Exchange (LuSE).In an order of the board, Company Secretary, Rose Kavimba, indicated that the progress around debt restructuring discussions and an IMF funded programme would positively impact the economic path for Zambia this year.“Having proactively and effectively managed risk, appropriately reshaped the business, and refocused around the right business opportunities, we are optimistic about the bank’s continued sustainable growth and profitability to deliver healthy returns to shareholders, and prosperity for our clients,” Ms Kavimba said.She however said the macro-economic variables in 2021 were projected to remain under pressure, coupled with the resurgence of the Covid-19 pandemic, as well as 2021 being an election year.Ms Kavimba said revenue for the institution […]
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