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Zambia Industrial Commercial Bank (ZICB) has officially handed over a 1×3 classroom block to Nakabu Primary School in Nangoma Constituency, Mumbwa District. The project, valued at over ZMW 850,000, aims to enhance access to education for learners in the area, marking a significant milestone in the school’s 50-year history. Speaking at the handover ceremony, ZICB’s Chief Financial Officer, Dr. Louis Kabula, representing CEO Mr. Ngenda Nyambe, underscored the Bank’s commitment to its mission of “making tomorrow possible” through investments in education. Dr. Kabula highlighted the alignment of this initiative with the government’s free education policy introduced in 2021, emphasizing ZICB’s role as a responsible corporate citizen. At the event, Hon. Eng. Collins Nzovu, Minister of Water and Sanitation and area Member of Parliament for Nangoma Constituency, applauded ZICB for the transformative contribution. “Nakabu Primary School is now 50 years old, and since it was constructed, no one has made such strides to improve the school. I am grateful for this structure, which will impact many pupils and generations to come,” he said. The new classroom block increases the number of classrooms at the school from 8 to 11, a development that will significantly reduce overcrowding. According to Nakabu Primary School Head Teacher, Mr. Luhanga Joseph, this improvement will provide a more conducive learning environment. “This is a game-changer for our school. With the additional classrooms, we can now accommodate more pupils comfortably and improve the overall quality of education,” he said. District Education Standards Officer, Mr. Davy Chilembo, revealed that Nakabu Primary School now qualifies to become a secondary school. “This year, we will begin rolling out the new education curriculum from Form One. This will eliminate the need for learners to travel long distances for secondary education, keeping them closer to their families,” he said. For pupils like Abraham Bvute, a Grade Seven learner who has been at Nakabu since Grade One, the new infrastructure is life changing.  “I remember when we used to sit on the floor because there were no desks or enough classrooms but now, we have more classrooms and desks, and we can focus on learning. Thank you, ZICB, for giving us hope and a better chance at education,” he narrated. This initiative reflects ZICB’s ongoing efforts to support sustainable development and empower local communities by investing in critical sectors like education. By improving access to quality education, ZICB is contributing to building a brighter future for Zambia’s children and the leaders of tomorrow.

Our Board Chairman, Mr. Danny Luswili, accompanied by ZICB CEO, Mr. Ngenda Nyambe, and senior staff, paid a courtesy call on His Excellency, the President of the Republic of Zambia, Dr. Hakainde Hichilema, at State House, on 13th December 2024. This important meeting reflected ZICB’s commitment to supporting Zambia’s economic growth and development. During the meeting, Mr. Luswili passionately highlighted ZICB’s achievements as the fastest-growing Bank in Zambia. He shared updates on the significant growth in our branch network, ensuring improved accessibility to banking services for our customers, as well as the rapid increase in our customer base across the country. ZICB continues to lead in providing innovative financial solutions tailored to meet the needs of individuals, businesses, and communities. Our focus remains on building a competitive and inclusive future for all Zambians through sustainable banking practices. The courtesy call on His Excellency underscores our dedication to collaborating with key stakeholders to align with Zambia’s national development goals. Through partnerships like these, ZICB is playing a pivotal role in driving economic empowerment and resilience. We are grateful for the opportunity to share our vision with the President and remain steadfast in our mission to make tomorrow possible for our customers and the nation.

Dear Valued Customers and Clients, As the festival season approaches, we want to ensure that your online banking experience remains safe and secure. Unfortunately, cybercriminals are active during this time – preying on unsuspecting users eager to catch shopping deals and spread holiday cheer. Here are some essential tips to help you stay protected: Remember, deals that look too good to be true often are. Protect your credit and debit card information and account details by being cautious and vigilant. If you receive any suspicious emails related to your bank account, report them immediately to our customer service team at customerservice@zicb.co.zm. The festive season should be about joy, connection, and celebration – not financial stress or fraud worries. By staying vigilant and following these simple precautions, you can enjoy the holiday cheer without falling victim to scams. Wishing you a safe and joyful holiday season!

Today, ZICB proudly partnered with the Teaching Council of Zambia (TCZ) to launch the ZICB Mobile Money Payment Platform and officially open the Teacher House. The innovative Payment platform, integrated into the TCZ online portal, simplifies financial transactions for teachers by enabling secure and seamless payments for fees and regulatory charges. This milestone highlights our commitment to leveraging technology to empower educators and enhance their professional experiences. We are honoured to collaborate with TCZ and the Ministry of Education on this transformative journey. By eliminating cash handling and ensuring transparency, this initiative reflects ZICB’s dedication to driving financial inclusion and supporting Zambia’s education sector. Together, we are building a brighter future for Zambia through innovative partnerships and meaningful solutions.

Today, ZICB CEO Mr. Ngenda Nyambe, accompanied by senior staff, paid a courtesy call on the Minister of Water Development and Sanitation, Hon. Collins Nzovu, at his office in Lusaka. The meeting, which was also attended by Permanent Secretary Mr. Romas Kamanga focused on exploring collaborative opportunities and to strengthen Zambia’s water and sanitation sector. This engagement underscores ZICB’s commitment to fostering partnerships that drive sustainable development and improve livelihoods across the nation.

ZICB was thrilled to sponsor the 2024 Zambian Man of the Year Awards, held last night at Ciela Resort in Lusaka. Representing ZICB, our Chief Financial Officer, Dr Louis Kabula, and Chief Risk Officer, Mr Thulani Muchiya, had the honour of presenting the prestigious Businessman of the Year Award to Mr. Kelvin Hambwezya. The evening was a vibrant celebration of innovation, leadership, and exceptional achievements, reaffirming our commitment to recognising and championing people shaping a brighter future for Zambia. A big congratulations to all the winners.

ZICB Board Chairman, Mr. Danny Luswili, accompanied by our CEO, Mr. Ngenda Nyambe and senior staff, paid a courtesy call on Mr. Felix Nkulukusa, Secretary to the Treasury, at the Ministry of Finance. The meeting centred on exploring collaborative opportunities to support Zambia’s financial and economic agenda, particularly in areas that align with the nation’s development goals. This engagement reflects ZICB’s dedication to fostering strong partnerships with key government institutions. By working together, ZICB and the Ministry of Finance aim to enhance financial inclusion, drive economic growth, and deliver innovative solutions that benefit all Zambians.

ZICB CEO, Mr. Ngenda Nyambe, paid a courtesy call on the Chief Executive Officer of ZCCM Investments Holdings PLC, Dr. Ndoba Joseph Vibetti, to explore areas of collaboration and discuss opportunities for strengthening Zambia’s mining and financial sectors. The meeting underscored ZICB’s commitment to partnering with industry leaders like ZCCM-IH to drive sustainable economic growth and create value for stakeholders across key sectors of the economy. As a premier diversified mining investment company with listings on the Lusaka Securities Exchange, the London Stock Exchange, and the Euronext Access Exchange in Paris, ZCCM-IH plays a pivotal role in Zambia’s mining industry. The engagement between the two institutions reflects a shared vision to promote innovation, sustainable development, and long-term financial solutions that support both national and global economic objectives.

Lusaka, Zambia (November 27, 2024): Zambia Industrial Commercial Bank (ZICB) has announced its participation in the Tradeclear Zambia initiative, following the signing of an agreement with Frontclear, a leading organization focused on money market development in emerging and frontier markets on 26th November 2024. Tradeclear Zambia, a groundbreaking program launched in collaboration with the United Nations Economic Commission for Africa (UNECA), Frontclear, and the Bank of Zambia, is aimed at strengthening Zambia’s financial markets by addressing key challenges such as limited market depth, segmentation, and credit risk. The program focuses on: Driving Financial Stability and Resilience Through Tradeclear Zambia, ZICB will play a pivotal role in supporting the development of a robust financial system. By reducing counterparty credit risks in interbank transactions and improving the distribution of funding within the system, the program aims to strengthen monetary policy transmission and contribute to the overall resilience of the Zambian economy. A Commitment to Market Development “ZICB’s participation in the Tradeclear Zambia initiative highlights our commitment to advancing Zambia’s financial markets and promoting sustainable economic growth,” said Mr. Ngenda Nyambe, CEO of ZICB. “This partnership aligns with our mission to provide innovative financial solutions while fostering market stability and development.” The Road Ahead Tradeclear Zambia builds on extensive groundwork, including a feasibility study and workshops conducted by UNECA, the Bank of Zambia, and Frontclear. The program targets key areas such as legal and regulatory frameworks, system infrastructure, banking skills development, and market demand assessment. By joining this initiative, ZICB is reinforcing its role as a leader in Zambia’s financial sector, working collaboratively to create a more efficient and inclusive financial ecosystem.

Zambia Industrial Commercial Bank (ZICB) has been recognised as a trailblazer in Zambia’s financial industry, winning the Best Service of the Year – Banking Sector award at the Zambia Annual Quality Awards hosted by the Zambia Bureau of Standards (ZABS) on 22nd November 2024. This prestigious accolade affirms ZICB’s commitment to delivering exceptional service, promoting innovation, and driving growth in the Zambian banking sector. This recognition comes on the heels of ZICB’s remarkable achievements, including the signing of a Purchase and Assumptions Agreement with the Bank of Zambia for Investrust Bank Plc (in liquidation). Through this strategic move, ZICB not only safeguarded Zambia’s banking stability but also saved jobs, protected customer deposits, and assumed critical liabilities. This intervention ensured continuity of services and restored confidence among customers during a challenging period. In just one year, ZICB achieved an incredible milestone by growing its branch network from six to twenty-two, making it the fastest-expanding bank in Zambia. This growth has significantly enhanced access to banking services, empowering individuals and businesses across the country with innovative financial solutions. Additionally, ZICB successfully facilitated the payout of deposits to former Investrust customers, reaffirming its dedication to customer care and financial integrity. As the fastest-growing bank in Zambia, ZICB continues to set itself apart with its innovative approach to banking. From offering tailored financial products to championing digital transformation, the Bank has consistently prioritised meeting the needs of its customers while driving sustainable growth. This award is a testament to ZICB’s relentless pursuit of excellence and its mission to create a more inclusive and resilient financial future for Zambia. ZICB extends its heartfelt gratitude to its loyal customers, dedicated staff, and all stakeholders who have been instrumental in achieving this milestone. The Bank remains committed to fostering financial inclusion, providing exceptional service, and making tomorrow possible for every Zambian.