ZANACO HAS PRESENTED A TOTAL AMOUNT OF 14 BILLION KWACHA DIVIDENDS TO THE ZAMBIAN GOVERNMENT

ZANACO HAS PRESENTED  A TOTAL AMOUNT OF 14 BILLION KWACHA DIVIDENDS TO GOVERNMENT.

AND SPEAKING AT THE CEREMONY ZANACO MANAGING DIRECTOR MARTYN  SCHOUTEN SAID  THIS BRINGS THE TOTAL AMOUNT OF DIVIDENDS PAID OUT TO GOVERNMENT  BY IN THE PAST THREE YEARS TO 18.7 BILLION KWACHA.

MR SCHOUTEN FURTHER SAYS THE GESTURE IS A SIGN OF GROWTH AT THE BFINANCIAL INSTITUTION ADDING THAT IT REAFFIRMS THE BANK’S STRONG PERFORMANCE.

AND SPEAKING AT THE SAME EVENT FINANCE AND NATIONAL PLANNING MINISTER SITUMBEKO MUSOKOTWANE SAYS WHAT HAS JUST HAPPENED IS TESTIMONY  OF  THE BENEFITS OF PRIVATIZATION.

MR MUSOKOTWANE SAYS THIS  HAS VINDICATED GOVERNMENT’S DECISION TO  PRIVATIZE  THE BANK.

THE MINISTER  HAS OBSERVED THAT  IN THE PAST, BEFORE THE BANK WAS PRIVATIZED, BENEFITS TO THE OWNERS OF THE BANK AND THE ZAMBIAN PUBLIC WERE MINIMUM BUT AFTER PRIVATIZATION, THE FRUITS ARE BEING SEEN.

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