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It flows south and forms part of the border between Zambia and Namibia. After picking up the waters of the Chobe River at the quadripoint where Zambia, Namibia, Botswana and Zimbabwe meet, the river flows east along the border between Zambia and Zimbabwe, powering the shared Kariba Dam hydroelectric station, before entering Mozambique and ...
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From 1972 to 1991, Zambia was a one-party state with UNIP as the sole legal political party under the motto "One Zambia, One Nation" coined by Kaunda. Kaunda was succeeded by Frederick Chiluba of the social-democratic Movement for Multi-Party Democracy in 1991, beginning a period of socio-economic development and government decentralisation.
Zambia National Commercial Bank, commonly referred to by the name "Zanaco", is a commercial bank in Zambia. It is licensed by Bank of Zambia, the central bank and national banking regulator. [4] In 2021, Zanaco became the first bank in Zambia to register ZMW1bn in profit after tax. [3] [5]
In November 2016, the Bank of Zambia took possession of the Intermarket Banking Corporation Zambia Limited, a commercial bank, which had become insolvent and unable to meet its financial obligations. In February 2017, the central bank announced that it would re-structure Intermarket Bank, to enable it to re-open.
From 1972 to 1991, Zambia was a one-party state with UNIP as the sole legal political party under the motto "One Zambia, One Nation" coined by Kaunda. Kaunda was succeeded by Frederick Chiluba of the social-democratic Movement for Multi-Party Democracy in 1991, beginning a period of socio-economic development and government decentralisation.
The bank was founded in on 19 October 1984 by the Government of Zambia, and three state owned Indian banks: (a) Bank of Baroda (b) Bank of India and (c) Central Bank of India. Indo-Zambia Bank is a significant employer in the communities that it serves and is an active participant in Corporate Social Responsibility activities in Zambia.
The bank is a medium-sized retail bank, serving the needs of Zambian companies, small and medium sized enterprises and individuals. As of December 2022 Access Bank Zambia had assets valued at ZMW:5,869,391,000 (approximately US$528.24 million), with shareholders equity of ZMW:962.87 million (US$86.66 million).