96
Finance
National
Sav
ing
s & Credit Bank
Savers House
P.O. Box 30067, Lusaka
Tel: +260 211 228 985
A
c
tiv
ity: B
ank
ing
F
ounded in: 1
9
7
2
The National Savings and Credit Bank (NATSAVE)
is a Government owned Non-Bank Financial Insti-
tution that was established in 1972 by an Act of
Parliament namely the National Savings and Credit
Act, Chapter 423 of the Laws of Zambia. The act
gives the bank the power to administer funds on
behalf of any person or agency, accept deposits,
operate saving schemes, make loans, and carry
on any form of banking business. The bank has
firmly positioned itself in the market through its un-
equaled presence in several districts of the coun-
try.
Presently, it has 32 branches through which it deliv-
ers quality financial products at competitive rates.
The bank further enjoys adequate customer confi-
dence on the market, and this is evidenced by the
number of active accounts held in its books which
top 106,000. The bank has further been identified
and continues to be a partner of the government
through the Food Reserve Agency and the Fer-
tiliser Support Programme under the Ministry of
Agriculture in the handling of the bulk of the trans-
actions in the maize and other crop purchasing
programs and fertilizer subsidies.
Pw
C Zambia
Nasir Ali
Country Senior Partner
Thabo Mbeki Road
Lusaka
Tel: +260 211 125 471
A
c
tiv
ity: Consul
ting
F
ounded in: 1
9
9
8
PwC Zambia has a long established practice serv-
ing the government, donor, and other international
financing communities, as well as the private sec-
tor through its offices in Lusaka.
Its local capability is made up of four partners and over
120 professionals who are able to combine their in-
depth understanding of local business, social, cultural,
and economic issues with their deep functional and
industry knowledge.
PwC is a multinational professional services network.
It is the world’s second largest professional services
network, as measured by 2014 revenues, and is one
of the Big Four auditors, along with Deloitte, EY, and
KPMG.
PwC is a network of firms in 157 countries with more
than 195,400 employees. It had total revenues of 34
billion USD in FY 2014, of which 15.1 billion USD was
generated by its assurance practice, 8.8 billion USD
by its tax practice, and 10 billion USD by its advisory
practice.
The firm was formed in 1998 by a merger between
Coopers & Lybrand and Price Waterhouse. The trad-
ing name was shortened to PwC in September 2010
as part of its rebranding.
Stanbic Bank
Zambia
Charles Mudiwa
Chief Executive Officer
Mulalika Road
Lusaka
Tel: +260 971 288 200
A
c
tiv
ity: F
inanc
e &
B
ank
ing
F
ounded in: 1
8
5
7
Stanbic Bank is a division of Standard Bank, a mem-
ber of the Standard Bank Group, based in Johan-
nesburg, South Africa. Stanbic is the acronym for the
Standard Bank Investment Corporation, the holding
company of the Standard Bank Group, which was
founded in 1857.
The Standard Bank Group (trading as Stanbic Bank)
currently operates in 20 African countries: Botswana,
Congo, Ghana, Kenya, Lesotho, Madagascar, Mala-
wi, Mozambique, Namibia, Nigeria, South Africa, Swa-
ziland, Tanzania, Uganda, Zambia, and Zimbabwe.
Stanbic Bank (Zambia) Limited operates a network
of 13 branches in Zambia and has implemented an
expansion program that will see the opening of an-
other two branches in the next 12 months, making it
the ideal financial and business partner.
