Blog

ZICB proudly participated in the 2025 Bankers Sports Day held on Saturday, 10th May at the Olympic Youth Development Centre (OYDC) in Lusaka. The event was officially flagged off by the Minister of Tourism, Hon. Rodney Sikumba MP, and brought together institutions from across the financial sector for a friendly but spirited competition day. Our performance highlights: • 1st Place – Women’s 200m • 2nd Place – Men’s Executive 100m • 3rd Place – Women’s Executive 100m • 4th Place – Chess • Basketball Finalists The event was more than just a contest; it celebrated health, teamwork, and collaboration within the banking industry. Kudos to Team ZICB for flying our flag high!

ZICB was honoured to be part of the Zambia Army Commissioning Parade held at Kohima Barracks in Kabwe on Friday, 11th April 2025, a proud moment marking the commissioning of new officers into service. The event, which was graced by His Excellency the President of the Republic of Zambia, Mr. Hakainde Hichilema, is a symbol of pride, and ZICB was privileged to sponsor the top three awards presented to the most outstanding and high-performing officers of the training programme. Congratulations to the newly commissioned officers. Your resilience, discipline, and dedication are a true reflection of Zambia’s future leadership.

On 5th April 2024, Zambia Industrial Commercial Bank (ZICB) proudly attended the official Kuomboka Traditional Ceremony in Mongu District, Western Province. The event, graced by His Excellency the President of the Republic of Zambia, brought together thousands of people to witness the majestic journey of His Majesty Litunga Lubosi Imwiko II from Lealui Palace to Limulunga Palace in Western Province, Zambia. The Kuomboka Ceremony is a celebration of resilience, tradition, and unity, values that align closely with ZICB’s mission of empowering communities and building a more inclusive financial future for all Zambians. We are honoured to have been part of this rich cultural experience and remain committed to supporting initiatives that preserve and celebrate Zambia’s diverse heritage.

In the spirit of honouring Zambia’s rich cultural heritage, Zambia Industrial Commercial Bank (ZICB), led by the Chief Executive Officer, Mr. Ngenda Nyambe, today paid a courtesy call on His Majesty The Litunga Lubosi Imwiko II, the King of the Lozi people. The visit comes in light of the upcoming Kuomboka Traditional Ceremony, one of Zambia’s most iconic cultural events that symbolises resilience, leadership, and the unity of the Lozi Kingdom. As a proudly local bank, ZICB recognises the important role that traditional leadership plays in national development. We remain committed to deepening relationships and enhancing access to inclusive financial services across Zambia, including in the Western Province. We are truly honoured by the warm reception and the opportunity to engage with His Majesty ahead of this historic celebration.

Our team led by the Soweto branch Manager Carol Chishima, participated in the Financial Literacy Kick-Off event at Mazabuka Secondary School on Monday 17th March 2025. The team set up a sales desk to engage directly with pupils and shared valuable insights on saving and investing early, a key step towards building a secure financial future. It was inspiring to witness the enthusiasm and curiosity of these young minds as they embraced practical financial habits. A heartfelt thank you to Mazabuka Secondary School and the Financial Literacy Secretariat, for hosting us and our team for their unwavering commitment to community empowerment. Together, we’re investing in brighter futures.

ZICB was honoured to participate in the Kuomboka Traditional Ceremony Fundraising Gala Dinner held at Mulungushi International Conference Centre on Saturday, 15th March 2025. The event, which was graced by the Vice President of the Republic of Zambia, Hon. Mrs. W.K Mutale Nalumango, is a symbol of resilience and tradition, and we are proud to support its continuity. As a proudly Zambian bank, we remain committed to preserving and celebrating our rich cultural heritage.

For immediate release : Zambia Industrial Commercial Bank Limited (ZICB) is proud to announce a Long-Term Credit Rating (LTR) of ‘A’, assigned by Premier Rating Services Limited (PRS), Zambia’s pioneer credit rating agency. The Bank has also been assigned a Short-Term Credit Rating (STR) of 1. This milestone was unveiled at a media engagement event held at Taj Pamodzi in Lusaka, on Tuesday, 4th March 2025. The ‘A’ LTR reaffirms ZICB’s financial strength, resilience, and strategic growth, which have positioned the Bank to access favourably priced credit lines and provide more competitive financial solutions to customers for the ultimate benefit of the Zambian economy. Announcing the ratings, PRS CEO, Mr. Dionysius Makunka, stated that ZICB’s credit rating underscores the Bank’s position as a financial institution of very high credit quality and very low credit risk. “ZICB’s long-term rating of ‘A’ signifies a strong financial position and ability to meet all obligations over an extended horizon”, Mr. Makunka said. He further stated that “investors can have confidence in ZICB’s stability and resilience, making it an attractive choice for long-term investments.” Commenting on this milestone, Chairman of the Board of Directors of ZICB, Mr Danny Luswili, said that the Bank is pleased to have been assigned the strong credit rating as this affirms its strategic vision and is a reflection of the resilient performance that ZICB has demonstrated since inception. “The credit rating that ZICB has been assigned is not just a measure of where the Bank is standing today but is also a validation of our strategic intent and foundation for future growth. With this rating of ‘A’, ZICB is now well positioned to leverage numerous opportunities in Zambia and other markets. The rating will allow us to access fairly priced credit lines and other financial instruments, ensuring that we continue to provide our customers with more competitive products and services”, Mr. Luswili said. With a strong long-term credit rating, ZICB has been recognised as a reliable and well capitalised financial institution, reflecting a solid financial position and exceptional leadership team. Since becoming profitable within just three years of operations, the Bank has achieved remarkable growth, with profitability rising from ZMW 3.9 million profit before tax in 2021 to over ZMW 50 million in 2024, delivering a remarkable and significant growth rate. This achievement is testament to the unwavering support of the Bank’s shareholders, Board of Directors, dedicated staff, and loyal customers who, collectively, have been instrumental to this success.

“Voices Amplified and Innovations Ignited.” As we commemorate National Youth Day 2025, I take this moment to celebrate the incredible energy, resilience, and innovation of Zambia’s young people. This year’s theme, “Voices Amplified and Innovations Ignited,” is a call to action for every youth to step forward, be heard, and drive change through creativity and innovation. At ZICB, we believe in the power of young minds to transform communities and industries. Your ideas, ambitions, and hard work are shaping the future of our nation. We encourage you to seize opportunities, embrace technology, and become pioneers in entrepreneurship, finance, and sustainable development. To every young Zambian, your voice matters. Your dreams are valid. Your innovations are the key to unlocking a brighter, more competitive future for Zambia. Stay inspired, stay determined, and let your impact be felt! Happy National Youth Day!

Zambia Industrial Commercial Bank (ZICB) has officially opened its 22nd branch in Solwezi, marking a significant step in its nationwide expansion. The launch event, held on Friday, 7th March 2025, was graced by His Royal Highness Dr. Chief Mumena of the Kaonde-speaking people, and Bank of Zambia Regional Director Ms. Mwaba Kasese, who served as the Guest of Honour. With this addition, ZICB now operates in six provinces, reaffirming its commitment to financial inclusion, economic growth, and sectoral support for key industries such as mining and agriculture. The Solwezi branch is strategically positioned to provide tailored banking solutions for individuals, SMEs, and large businesses, strengthening the financial ecosystem in North-Western Province. As Solwezi continues to be a major driver of Zambia’s mining industry, ZICB’s presence will enhance access to finance, support business expansion, and create economic opportunities for local communities. This milestone reflects ZICB’s broader vision of bringing banking closer to the people, fostering industrialisation, and driving sustainable development across the country.

The ZICB team, led by our CEO, Mr. Ngenda Nyambe, paid a courtesy call on the Drug Enforcement Commission (DEC) Director General, Mr. Nason Banda, at the DEC Head Offices in Lusaka today. The discussions centered on strengthening collaboration in financial integrity, compliance, and combating monetary based crimes. As a responsible financial institution, ZICB remains committed to promoting transparency, accountability, and ethical banking practices in Zambia. We appreciate the warm welcome from Mr. Banda and the DEC team and look forward to working together to enhance financial security and economic stability.